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The Bob Cesca Podcast: Oranges

82
Cheechako4/05/2019 8:15:04 pm PDT

re: #68 wheat-dogg, raker of forests, master of steam

Your comment reminded me of an observation I made during our 5 1/2 month snowbird trip to the lower 48.

Driving on the Interstates, I noticed a lot of auto/truck and recreation vehicle (RV) dealers. I was astonished at the size of the inventories of unsold vehicles that a majority of the dealers were maintaining. There were multiple auto/truck lots that had to have over 500 car/trucks in their inventory. Same with the RV dealers. Many had over 150 Rvs that were unsold. And these were expensive ($100K +) models.

I have questions:

Who’s going to purchase all these vehicles?

Have American consumers tightened their belts?

Have the manufactures over-produced for today’s market?

Is this an indicator of a slowing economy?

I guess time will tell.