Car Buyers Left With Few Options As Difficult Auto Market Persists

The video discusses the high costs of new and used cars, driven by inflation and supply chain issues, leading consumers to keep their cars longer. Even police departments face challenges due to car shortages. Meanwhile, luxury car makers like Cadillac and Porsche are thriving, with Porsche expecting significant sales growth.

What factors are contributing to the high costs of new and used cars?

• Government regulations

• Increased demand and low supply

• Inflation and supply chain issues

• Technological advancements

How long are consumers now keeping their cars on average?

• 8 to 10 years

• 10 to 12 years

• 12 to 14 years

• 14 to 16 years

What challenge did the Colonial Heights Police Department face regarding their vehicle orders?

• Delayed delivery of vehicles

• Lack of funding for new vehicles

• Cancellation of 2022 orders

• Increased maintenance costs

How much extra did the 2023 police models cost per vehicle?

• $6,500

• $7,500

• $5,000

• $8,000

Which luxury car maker is expected to see a significant increase in sales?

• BMW

• Tesla

• Porsche

• Cadillac