Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked Feb. 21, 2023

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Tue Jul 13 21:27:26 +0000 2021

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Rep. Don Beyer @RepDonBeyer

If you understand the basics of supply and demand you know what was sure to follow: prices went through the roof. But both supply and demand conditions are temporary, so you can also predict what will probably happen next: prices fall again. Sure enough 8/ https://t.co/5P51tlcl1Q — PolitiTweet.org

For example, used cars and trucks accounted for almost half of the increase, but wholesale market prices for used v… https://t.co/aEJQBTIZHd

Posted July 13, 2021 Hibernated

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Rep. Don Beyer @RepDonBeyer

At the same time, the auto industry had a huge and unexpected hit to demand: the chip shortage. The freeze in Texas and a factory fire in Japan put a big squeeze on an essential component for car manufacturers, made worse when some countries started hoarding their chip supply. 7/ https://t.co/tgiCfhG9tG — PolitiTweet.org

Posted July 13, 2021 Hibernated

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Rep. Don Beyer @RepDonBeyer

This spring we saw car dealers with empty lots. That isn't normal, and it isn't going to last. This is true of many of our other drivers of inflation right now as well. The Fed expects many of the price increases we are seeing now to be temporary. 9/ https://t.co/in2FKxAslO — PolitiTweet.org

This drop in wholesale prices for used vehicles supports the Fed’s position that price increases are likely to be t… https://t.co/qQvApzxdhY

Posted July 13, 2021 Hibernated