THE AUTO INDUSTRY IS IN COMPLETE FREE FALL! MAJOR EMPLOYMENT IMPLICATIONS!

People love it. Hey, we are brought to you by a great product here and it’s my friends from Body Align and I use repetitively the two products, two of the four products that are on here and I use the EMF Defense for phone. Yeah, I need my cell phone but I don’t want to die of glioblastoma. So you need to negate those EMF waves. It’s based on frequency. All these products are based on frequency. Then they have something over here called the Ultimate Wellness Ban. Wear it on your wrist. Don’t wear it to bed because it’ll keep you up.

It gives you energy. It’s frequency based. It’s all natural. Can’t arm you and right now, buy one, get one free. They also have the sleep patch and the pain patch. Again, all frequency based which is the rage in modern healthcare right now. Go to bodyalign.com slash Dave Hodges. That’s bodyalign.com slash Dave Hodges. Well, I’ve got some bad, bad, bad news. For the economy. Great time though for you to buy something on the cheap. First of all, there has been 1.7 million repossessions of automobiles in the past 12 months. Starting under Biden. It’s not going to end soon.

45% of dealerships have a high expense expectation of closing. They have inventory. If inventory is older than 60 days on the lot, it’s considered to be a problem. Now the inventory is running 340 days on the lot. And now you get into mechanical problems with the cars because they’re not moving. Dead batteries or tires in one spot from sitting in the same place too long. Faded paint jobs. It’s a problem. $89,000 Ferrari dealer price. You can pick it up now for 50,000 and people aren’t buying it because it takes premium gas and 12, 12 miles to the gallon.

People don’t want that any longer. Again, I’m going to say it. 45% of the dealerships in this country are expected to be at a high risk of closing. Auctions dominate auto sales now. Lots filled with cars that may never find owners. People are having a hard time choosing between heating and cooling their home and food on the table. They’re finding ways around not having an automobile. I got to tell you, the people at the 15 minute city, this might be an unexpected consequence, but they’re loving the result because people are going to have to move and live close to work because they can’t afford cars.

And cars aren’t the only problem in the economy. We’re going to talk about homes in the next segment, but right now, just focusing on cars. If you need a car, good chance, really good chance, particularly if you’re a cash buyer, you can pick up one for pennies on the dollar. Depends on the market you’re in and you may have to travel to a distressed market. Detroit is underwater. California is underwater. These are markets you might have to travel to to get the best deals because they’re not everywhere yet. The car industry as we know it is failing beyond belief.

We all threw up our hands in frustration when Kamala Harris announced agenda 2030, no automobiles by the year 2030. Remember that first year of her term as vice president? She may end up being somewhat right. Oh, not that she was intelligent enough to see the future. Remember, the sun shines on a dog’s backside once a day, whether it moves or not. She was lucky in what she said, but she was probably correct. What can we do about this? Well, I can tell you one thing that President Trump is doing, he’s told Japan a fixed tariff problem or else.

No, okay. We’ll just manufacture the cars we make in America somewhere else. Bye-bye. Now, Toyota and other Japanese automobile manufacturers could be leaving the United States because see, we can’t sell one car in Japan because of the high tariffs. Yet, they’re objecting and screaming at the top of their lungs how unfair Trump is because he’s retaliating with tariffs. Yeah, two sided street. Who provides Japan’s defense? I’ll just close that argument right there. This is something Trump is trying to fix, but I don’t know that there’s a good fix here. By the way, how much money does this add up to that this failing car industry is going to cost America? Estimated losses next year, $850 billion.

Is this significant? Yeah, it matches the doge cuts that are coming, which are infinitesimal from what they should be, but that’s the scale that we’re dealing with here. This is really bad news for the economy. And see, you’re going to have the loss of spin-off jobs connected to the auto industry, not directly tied to the dealerships themselves. This is a major problem for President Trump. He is the consummate deal maker. We’ll see what he can pull out of his hat. I hope it’s a rabbit. We’ll see you back here next time. I’m Dave Hodges.

This is The Common Sense Show. [tr:trw].