Live On CNBC, On Affordability, Former Ford CEO Says "Someone Has To Make Over $100,00 To Afford A New Car, But Starting To See Prices Come Down.."; "We Will Continue To See Prices Come Down, However As The Inventory Corrects"
Portfolio Pulse from Happy Mohamed
Former Ford CEO stated on CNBC that one needs to make over $100,000 to afford a new car, but he also noted that car prices are starting to decrease. He predicted that this trend will continue as the inventory corrects.
September 01, 2023 | 8:18 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The former CEO of Ford predicts a decrease in car prices as inventory corrects. This could potentially impact Ford's revenue in the short term.
The former CEO's statement indicates a potential decrease in car prices, which could lead to a decrease in Ford's revenue in the short term. However, this could also lead to an increase in sales volume, which might offset the decrease in price per unit.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100