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Originally Posted by c1pher
Bingo. Wages are somewhat flat/decreasing compared to inflation and most people Finance meaning they can only pay x dollars per month. If the interest rate increases that means you have to buy less car or the prices have to come down. Likewise that EV “credit” just causes the manufacturers to increase prices.
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People still have dollars to waste it seems. It'll take another year or two to chew through it all.