Is Now a Good Time to Buy a New or Used Car? Plus - Social Security Retirement Update.
Description
In this episode, host Matt Poll provides a comprehensive analysis of the current state of the automotive market and specifically addressing inventory levels at dealerships and their impact on car prices. Matthew presents data from Cox Automotive, showing how inventory days vary across brands, influencing pricing strategies and buyer opportunities. He predicts an increase in dealer incentives for brands with higher inventory, suggesting a favorable market for buyers in the near future.
Matt notes a decline in average listing prices, suggesting a potential leveling out of prices soon. He encourages listeners to consider market data before making car purchase decisions, leveraging such insights for better financial outcomes.
Matt then touches on the challenges facing the Social Security system, citing demographic shifts and financial mismanagement as core issues. He argues that reliance on Social Security for retirement is increasingly untenable and stresses the importance of personal financial planning.
Matt introduces his new book, "Find Your Hidden Strengths," which explores achieving success across various life domains. He also delves into the psychology of trading, sharing quotes from renowned traders to emphasize the importance of emotional discipline and risk management in achieving long-term trading success.
This episode of "The Marketplace" not only offers valuable market predictions and investment advice but also provides listeners with strategic insights into making informed decisions in both the automotive market and personal finance.
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