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America's Truck Market in Crisis
Currently, there is a noticeable shift in the trend favoring buyers over sellers. Initially, sellers anticipated that the supply would catch up with demand, so they stocked up on new trucks. However, the demand remained exceptionally high. As interest rates skyrocketed and prices became exorbitant, regular Americans found it increasingly difficult to afford these trucks, which could cost anywhere from $70,000 to $100,000. Consequently, the market for such vehicles has significantly diminished.
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Car-mageddon Update: Expect Lower Car Prices Soon | Lucky Lopez.
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#cars #car #america #prices #highlights #buyer #seller #market #lost #economy #currentaffairs #reaction #knowledge #facts #today
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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