Auto Industry Doesn’t Seem Anywhere Near Recession, Albertine Says

James Albertine discusses the state of the auto industry, addressing concerns about a potential recession. He notes strong activity at the dealership level despite stock valuations suggesting otherwise. Inventory levels are rational, with high demand for SUVs and trucks. Credit remains accessible, but rising interest rates are causing some delinquencies, leading consumers to opt for used vehicles over new ones.

What is Jamie Albertine's perspective on the current state of the auto industry?

• He feels the industry is stagnant.

• He sees strong activity and high transaction prices.

• He thinks the industry is declining rapidly.

• He believes the industry is in a recession.

Which type of vehicles are experiencing high demand according to Jamie?

• Sedans

• Luxury cars

• SUVs and trucks

• Electric cars

What trend is observed in the auto inventory levels?

• Excessive inventory for SUVs

• Stable demand for all vehicle types

• Steady decline in car demand

• Increase in car inventory

How are rising interest rates affecting the auto market?

• They have no impact on the market.

• They are making new cars more affordable.

• They are causing an increase in delinquencies.

• They are reducing transaction prices.

What is a common consumer response to high new vehicle prices?

• Leasing luxury cars

• Opting for late-model used vehicles

• Avoiding vehicle purchases altogether

• Purchasing brand new vehicles