09.25.23 The UAW Strike - Vehicle Market Update / Points Taken: The Devaluation Of Frequent Flyer Programs

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 25 September 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The vehicle market is going through a slow, steady healing process. Inventory is up. In light of the UAW strike, Clark discusses pricing for both new & used automobiles. Also today, Clark explains how Delta, United and American airlines actively devaluing their frequent flyer programs - is actually good for travel consumers. Vehicle Market Update: Segment 1 Ask Clark: Segment 2 Devalued Miles: Segment 3 Ask Clark: Segment 4 Mentioned on the show Buying a car? What the UAW strike means – and doesn’t mean – for auto sales Wall Street Bet Big on Used-Car Loans for Years. Now a Crisis May Be Looming. I Don’t Like My Car but I’d Be Upside Down if I Traded It In. Is There Anything I Can Do? 7 Cheapest Cities To Buy a Used Car How Do I Find a Mechanic To Inspect the Car if I Find a Used Vehicle Hundreds of Miles Away? Student Loan Payments Are Restarting: 4 Things To Know SAVE Repayment Plan Offers Lower Monthly Loan Payments 9 Ways To Pay for College Without Student Loans [The Washington Post] A golden era of airline status is ending Points Guy - Delta SkyMiles changes: Airline overhauls how you earn Medallion status in biggest change yet Why You Might Want To Dump Your Delta Credit Card Now (Clark.com) Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm so glad to welcome you here at the Clark Howard Show where our mission is to serve
0:09.4	you with knowledge so you're empowered to make better financial decisions in your life.
0:16.9	Today, there's two molt going on in the automotive industry.
0:21.7	There's also a big problem going on in the country with people who are over-obligated
0:29.6	with a crazy term to use with monthly payments on both new and used vehicles.
0:37.2	We've got to talk about this with this is going to mean for you and me and the vehicle market
0:42.8	going forward.
0:44.8	You may have heard Delta has been much in the news for a massive devaluation of its
0:53.2	frequent flyer program and I want to tell you what this trend is and why the changes
1:02.0	at Delta, American and United with their frequent flyer programs, that trend actually could
1:09.5	be a big time friend to your wallet.
1:13.8	Speaking of your wallet, the vehicle market has been going through a slow, steady, healing
1:20.9	process.
1:22.3	The number of vehicles available on dealer lots has gone from basically nothing for some
1:28.9	vehicles extreme over inventory.
1:32.8	The dealers used to go there and they had these giant empty parking lots.
1:38.6	You could set up sandlot basketball courts all over the place if you wanted to for a few
1:45.8	years at dealers.
1:47.7	Now you look and both their used vehicle lots and especially the new vehicle lots repopulating.
1:55.3	The prices of the average new vehicle though have stayed extremely high because the automakers
2:02.6	and the dealers got addicted to selling the most expensive models and the most expensive
2:09.1	versions of models from when there was extreme short supply and they've not been willing
	...

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