Trump Shot and The Markets Up | Vindex Market Report Week #29 | 2024

The market is much better this week. Trump got shot and the car market went up 🤷‍♂️
What REALLY happened is that confidence is up. MMR is closer to our price in the lanes, but still high. And the hack on CDK has finally finished with a $25 million price tag. Things are still going to be rocky because it's an election year, but this week was a good .

[@KevinJones-Peacefreak]

Katie Porter!!! It would be interesting to put Harris/Porter, or even Porter/Harris.

[@RobertStiner-s5p]

I think the bump last week is the last one we will see until after the election, I’ve trimmed way back in order to take advantage of the down turn, we usually see it in the second half of August but this year I think it’s happening the second half of July. Just a feeling I’m getting by talking to all my retail dealers, they are all struggling to make deals

[@autoramaautosalesofdickinsonnd]

Lets not forget about the 6-8 Million missing vehicles they did not make in 20--23. We are going to have that gap for a long time. Lots of next to new out there, lots of high mile stuff out there but there is going to be a shortage in affordable miles for a long time. I think the market over corrected on that 20-30k $ Stuff. Then in a few years we are going to see a shortage in older vehicles. Cash for Clunkers remember how it took years to find cheap cars again.

[@teenagedsteam6404]

This is my view on it as well short term yeah we will have ups and downs but long term the sub 25k market it’s just gonna get stronger and stronger

[@RicoSuave8]

"Let the shit be shit.. don't take shit from nobody.." 😂

[@eddiebolt5781]

Thanks for the update. Glad to hear used truck prices coming down