Kevin Roberts walks through the state of the car market. He thinks tax refunds will lead to a strong spring season for the industry, but says the market is still “working through” the Covid impact for used vehicles. Missing supply in the 3-5 year-old range will keep prices high for the next few years, he argues. High rates and the total cost of ownership are pushing consumers out of the sector. Kevin also comments on the state of the EV sector.

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