Will we see a sudden drop in prices once the supply chain bottleneck clears?

Unless there's a flood of trucks because people are upside down on loans, i don't think prices will go back to pre-2020 prices. It probably won't be as high as it is currently, but back to the good ole days probably aint happening.

 

its not going to go back down. it is the new norm and will have incremental increases as always

 

I'm afraid that might be the likely scenario. Gone are the days of a brand new TRDOR 4x4 for low 30's

 

If they were private then we could demand an audit. If we ask for an audit now, they just say "no".

 

Yeah, no way. Just like the housing market is sky rocketing for the last year. Everyone saying its going to burst. I don't think it will burst, but it will leak. The numbers will slow but never go back down to what they were pre pandemic. Because people will pay the higher prices. This does further the socioeconomic gap, but that will never change.

 

IMO inflation is here to stay.
I read somewhere that it has only been worth it once in the past 100 years for families to wait for the housing market to go down. Sure, houses and cars are expensive, but everything is slowly catching up with them. The issue is that wages are not increasing at the same rate as the cost of living. A ton of companies in my industry are giving 6-10% increases to salaries due to market adjustment, which is a red flag to me.