Tell me when car prices are going to be cut in half.
https://www.foxbusiness.com/economy/new-car-prices-soar-historic-high-buyers-face-mounting-sticker-shock
Prices are already starting to move.
Cars on lot depreciate faster than houses. Let them rust.
By next year when the layoffs really start to spike, they won't be able to give them away.
Yes, US car sales have declined recently, falling significantly in October 2025. This slowdown is driven by factors like the expiration of federal EV tax credits, continued high vehicle prices and monthly payments, and an uncertain economic outlook. While sales dipped in October, they had experienced a rush of demand earlier in the year, partly in response to tariffs, which created a temporary surge.
Housing sales have been historically suppressed most of 2025 as well. Both housing and car sales got a minor bump in Oct when the Fed lowered, but they are not expected to lower again this year now so that will prove short lived.
Right now transactions are in a deadlock condition.
Buyers are looking at conditions and saying, "No way I'm paying that. I'll get it half price later."
Sellers are thinking, "No way I'm lowering my price. You know how much I paid? I refuse to believe I've been that screwed over!!!"
At some point someone has to give. I think it is going to be a buyers market.
Especially when the boomers lose their retirement next year in the crash and need to downsize to eat. You can't eat a house.
