Broad Economic Juice W/ Bloomberg

🚗 Inflation Impact: Significant cost-of-living squeeze since 2020. What $100 bought pre-pandemic now costs $119.27.

🍞 Consumer Spending: Groceries up by 25%. This affects overall consumer spending power.

🚘 Automotive Trends:

• Used car prices surged 35%.
• Auto insurance rates are up 33%.
• Real wages are stagnant, affecting car affordability.

🏠 Housing Market: Home values increased 42% since 2020. High mortgage rates challenge the shift from renting to owning, impacting car buyers' budgets.

💡 Household Expenses: Increases in routine expenses like electricity and childcare.

🍽️ Lifestyle Costs: Even dining out is costlier, indicating overall budget tightening.

Understanding current economic pressure is crucial. It shapes consumer behavior and influences car purchasing decisions. Current inflation and living costs make customers cautious about major purchases like vehicles. Adapt marketing and sales strategies accordingly.