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Originally Posted by Chicks
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That WaPo article is paywalled, which may be just as well. WaPo's inside-the-beltway view of the auto industry usually leaves a lot to be desired.
Auto sales are actually up this year compared to last, but the auto industry was hit pretty hard by the pandemic, with the related manufacturing shutdowns that reduced inventories (and inflated new car prices) and lingering supply-chain issues. Interest rate increases are also making car financing more expensive.
I'm also pretty skeptical of the impact of the Biden-lead push for EV's. Some estimates have EV's breaking 1MM units this year, which is fine. But there are still issues of charging infrastructure and vehicle range that need to be addressed sooner than later before EV's can become more than a niche market.
So what, exactly, did Trump have to do with the headwinds that have faced the auto industry since 2020?