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.

Discuss the implications of rising transaction prices and delinquencies in the auto market.

What trends are observed in consumer behavior regarding new versus used vehicles?