What recovery

[togor]

togor, while you make a couple of good points, saving on eating out doesn't equal a Tahoe at MSRP, especially if you're paying cash.

Very true.

GM like others slashed their 18 month integrated circuit forecasts, and then the wafer industry had some basic problems. The chip shortage has become like the ammo shortage in that customers have moved away from just-in-time buying. GM is prioritizing highest profit margin vehicles and the mindset for some customers may be "we'll just buy what we can" even if it's more than they originally wanted.

[Johnny P]

While all the economic indicators are up, inflation is killing the people that can least afford it. "IF" things are really so good, why is Biden so underwater?

[Ltdave]

... GM is prioritizing highest profit margin vehicles and the mindset for some customers may be "we'll just buy what we can" even if it's more than they originally wanted.

not just GM. Stellantis/FCA/Chrysler has the RAM truck plants (there are two. one building the pre-2019 body known as the Classic and one building the 2019 body) that were both running as 'critical plant status' meaning they could force as many saturdays and sundays as they had parts for (through the end of CY 2021). they just shut down the new body plant for 40 hours (over 3, 8hr shifts) waiting on a part to get to the Instrument Panel manufacturer.

the rest of the Dodge/Jeep/Chrysler product lines were on again/off again all summer, to make sure the chips and other components made it to the truck plants.

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i have a long time friend who must have gotten hit in the head because hes swung so far to the left, hes becoming an anti-capitalist/pro-communist (sad really) and HE SAYS (HS science teacher) that the reason all of these businesses cant reopen from being short staffed are short staffed because the workers have realized they dont need to beg their masters for the bread crumbs they get, the masters being EVIL, GREEDY, BASTARDS who refuse to pay workers what theyre worth...

[oscars]

What is unique about this recovery is the lag in the labor recovery as evidenced by help winter signs everywhere. I have noticed that comments indicate that jobs held by working folks largely suck. It doesn?t take much for the labor lag to persist. Very few folks have jobs like I had prior to retirement (biomedical research). For nearly forty years, I eagerly awaited each day. Contrast that to the burger flipper or the line worker in an auto assembly plant where each day brought the same old drudge.

[JohnMOhio]

There is money out there. Watched a little of the Barret Jackson auction last night. Several cars went for $700,000 plus. Another went for $1 Million plus and another went for $1.7 Million.

[Art]

People at the real high end, I mean people with a net worth of $10,000,000.00 plus, can always pay the premium for a scarce item like a Tahoe today, but to show you how silly things are right now look at common used cars. I own a 2019 Subaru Forester. Outfits like Carvana are selling low mileage 2019 Foresters, around 30,000 miles, for about what they cost new. Its not a good time to be buying a car right now, or a lot of other mid to high ticket items. I had to wait 2 1/2 years to take shipment on an Onkyo am/fm stereo receiver, and we waited a year and a half to replace our gas wall oven. I'll admit those two things are not in style right now but there were plenty of people who wanted them and few were getting them.

Its going to be the folks who make from $150,000.00 a year and down who are really taking it in the shorts and its going to get worse if crude oil, which was at $90.00 a barrel last week, pops to $125.00 a barrel and folks have to start thinking about what they'll do without to keep the lights on, much less gas up the "family truckster.'

[Johnny P]

People with a lot of money are looking for places to park it, and a lot is going into collectibles. The last Barrett Jackson auction I watched had cars selling for substantial amounts over what they sold for last year. High grade collectible firearms are also in demand. Local bank with the highest interest rate on CD's is 0.125%. Compare that to Biden's Build Back Better inflation rate.