US auto sales remained robust in 1Q21 (see Exhibit below), while our checks around Houston suggest car lot inventory has notably diminished and used vehicle values remain robust (2nd Exhibit). They are likely to stay that way in the near-to-medium term.
Who's Gonna Drive You Home: That Expensive Second Car or Uber/Lyft?
Apr 8, 2021 12:54:01 PM / by Cooley May posted in Automobile