The EV Revolution and Auto Prices: Buying A Car in 2024

SCHEDULE YOUR FREE PORTFOLIO REVIEW with Wealthion's endorsed financial advisors at https://www.wealthion.com. Join Wealthion Host James Connor and Brian Sponheimer, Portfolio Manager at Gabelli Funds, for an in-depth analysis of the auto industry's current trends, economic implications, and what investors should be watching in 2024.  From the impact of the overall auto industry, what trends we should expect from EVs and autonomous vehicles, to the latest on what’s happening within the used car market. Sponheimer also shares his insights on vehicle affordability and investment opportunities. This episode conversation provides the perfect overview for anyone interested in understanding the auto sector's current influence on the economy and what current trends in the industry can tell us about the economy in 2024. Timestamps: 00:48 - Economic Concerns & Outlook 03:03 - Importance of Auto Industry to U.S. Economy 07:59 - American Consumers & Pandemic Pricing 10:25 - New vs. Used Car Market 13:28 - Dealership Margins & Consumer Deals 17:41 - The Rise of Electric Vehicles (EVs) 21:54 - Maintenance Costs & EV Challenges 24:52 - Tesla's Pricing Strategy & Industry Effects 28:03 - Autonomous Driving & Ridesharing Trends 32:23 - Dealer Consolidation & Consumer Benefits 37:05 - Online Car Buying Tips & Transparency 39:44 - 2024 Auto Industry Forecast & Economic Impacts 42:54 - Leasing vs. Buying: What's Best for Consumers? Learn more about your ad choices. Visit megaphone.fm/adchoices