I didn’t realize Baltimore was so important for the car market of the Midwest and East Coast. Apparently 800,000+ cars are delivered per year through the Port of Baltimore, but with the bridge collapse today it sounds like shipments could cause some car market issues for a swath of the country.
The pandemic really put a freeze on car sales, however that just means that everyone who would have bought a car then, and have been putting it off due to the chip shortage and inflation are soon going to find themselves in situations where they will need to replace their cars.
I currently have a 12 year old car and a 10 year old car, and both are very quickly showing their ages to the point where I don’t feel confident taking either on a long drive. As much as I love not having a car payment, I have a feeling within the next year or so I’ll be buying a new one and I doubt I’m the only one in this position.