In Wheel Time - Cartalk Radio

Navigating High Interest Rates, EV Market Shifts, and Carfax's Role in Automotive Safety

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Synopsis

Can high interest rates really stifle the car market, or are there surprising benefits to be found in today's automotive landscape? Join us as we unravel the compelling insights shared by Patrick Olsen from Carfax. We tackle the pressing challenges new car dealers are grappling with, such as the surplus of 2022 models and the ripple effects of Stellantis's pricing strategies on iconic models like Jeeps and Ram trucks. From the unique dynamics in the electric vehicle market—where Tesla faces a decline compared to other EV manufacturers—to the overlooked benefits of pre-owned electric cars and the necessity of home charging infrastructure, this episode is packed with valuable takeaways for both car enthusiasts and everyday drivers.But that’s not all; we also explore the critical role CARFAX plays in the automotive world, particularly in managing vehicle recall notifications. Discover why many car owners miss or ignore these vital alerts and how CARFAX bridges this gap to ensure vehicle safety. Patrick