The auto industry has faced various obstacles, from tariffs and dips in electric vehicle demand to auto worker strikes. It has also been challenging for consumers asCars Commerce Senior Director of Industry Data and Insights Rebecca Lindland joins Wealth! to give insight into the auto industry moving forward and what consumers need to keep in mind when shopping for vehicles.
So when we look at particularly month, over month, when we look at year over year, we are still seeing some large swings, but we're grateful to see some some stabilization here. What, what does it seem in, in the calculus for purchasing a car right now for consumers out there that are in the market, there were times even within these past five years where it made more sense to purchase a new vehicle versus a used one because of the lifetime value that you would perhaps get out of that deal instead of going used.I think that we're seeing consumers that are shopping both for new and used.
So they've just announced that this morning, we are continuing to see volatility in the EV market space. People Are Sharing Famous Companies That Went Bankrupt Over Dumb Decisions, And Now I Finally Know What Happened To Circuit City Power Corporation of Canada has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people.