Prices plummet as chip shortages hit production, affecting new car inventory. Low-interest rates spiked demand, leading to record-high payments. Longer ownership trends and intentional supply control by automakers contribute to the shake-up. Tesla's price slash influences a 33% drop, with used electric vehicles outnumbering new ones. Dealerships face risks due to rising interest rates, and an auto loan bubble sees record delinquencies. Buyers, now in a prime negotiating position, should navigate the changing market wisely. Remember, cars aren't investments.

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