Auto Industry (and US Economy) Still Labouring Under Covid
- By John Tierney
- 4 min read
Summary
- Auto sales are soft, and used car prices are still high, indicating that Covid continues to upend the US economy.
- Supply constraints have allowed auto-related companies to charge top dollar, feeding inflation.
Market Implications
- When auto sales start rising, we might be on the brink of returning to normal for real – not just autos, but the wider economy, too.
- A return to more normal production should ease inflation pressures.
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