Car Sales Are Soaring

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 6 July 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

The numbers for the first half of the year look strong for car sales, will EV sales start being a bigger piece of the pie? (00:21) Tim Beyers and Deidre Woollard discuss: - If the strong numbers for new car sales will continue. - The power of Tesla’s brand in the EV space. - Why we shouldn’t get too excited about the prospect of flying cars yet. (21:25) Small landlords still make up the bulk of single-family rentals. Deidre Woollard interviews Bigger Pockets’s podcast host Dave Meyer on the demographic shifts impacting real estate investing. Companies discussed: GM, TSLA, JOBY, OPEN, RDFN, EVTL, ACHR Host: Deidre Woollard Guests: Tim Beyers, Dave Meyer Producer: Ricky Mulvey Engineers: Dan Boyd, Heather Horton Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Car sales are up even as prices rise.
0:07.8	Can the good times for automakers last?
0:09.9	Motley full money starts now.
0:11.5	Welcome Motley full money.
0:22.2	I'm Deedra Woolard here with Motley full analyst Tim Byers.
0:24.9	Tim, how are you doing today?
0:26.3	We're at caffeinated, ready to go, Deedra.
0:28.4	I love to hear it.
0:29.6	Well Tim, I think new car buying might be back.
0:33.2	Some news out from the Wall Street Journal says we're looking at an estimated 13% rise in
0:37.8	overall sales through the first half of the year.
0:40.2	That's data from boards intelligence.
0:42.9	And people are paying more according to data from JD Power.
0:45.7	The average price is up 3% to 46,000 first half of the year.
0:49.4	Oh my goodness.
0:50.9	What is driving this?
0:51.9	Is this like leftover supply chain pen up demand?
0:55.3	What's going on here?
0:56.3	I mean, that's what it seems like.
0:58.8	It does appear.
0:59.8	So 7.7 million vehicle sold from January to June.
1:03.5	That's according to awards intelligence and the big winners were apparently this is
	...

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