These are the real winners from the record car prices
CNN
Who are the real winners from the record high car prices? Not the automakers.
Despite sky high prices and surging customer demand, most automakers are about to report that revenue is down from where it was in the second quarter of 2019, a "normal" period before the pandemic that is being used for many financial results comparisons. The downturn stems from the shortage of computer chips that has limited production of new cars. The tight inventories are a big part of the reason that prices for both new and used cars have hit record levels, raising inflation pressures on the overall US economy.More Related News