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- Clark Biweekly 3 11 24
Clark Biweekly 3 11 24
Today’s Sponsor
Later in this email, find out why a glut of new vehicle inventory is working in your favor right now.
💵 Today’s Top Stories
 | Can you guess the two most stolen vehicles in the U.S. (by far)? Does the car you drive make the top 10 most stolen list? And how do you stop would-be car thieves? Read more. |
 | A beast of a well-reviewed blender, a huge discount on Crocs and a backyard cornhole set are among the best new items at Costco this month. Read more. |
Sponsor | Exact same coverage, up to half the cost. |
 | If you pay for streaming, odds are your bill increased in the last year or two. But how does it compare to what the average American spends? Read more. |
 | Pharmacists are human and sometimes make mistakes. These simple steps could save your life one day. Read more. |
 | Here’s where your credit score ranks and the factors that can impact it. Read more. |
🏠️ Today’s Current Mortgage Rates
According to Freddie Mac, 30-year mortgage rates are 6.88% and 15-year rates are 6.22% as of March 7, 2024. The following chart shows the 30-year mortgage rate trend over the last year.
🚘️ Vehicle Supply Means It’s a Good Time To Buy New
If you wanted to buy a new vehicle in the last few years and looked to Clark for advice, you found yourself in a version of Groundhog Day.
Prices will eventually moderate, Clark said. But try to hold off on buying for now.
Well, supply chain issues that threw off typical supply and demand equilibrium are now sorted. The overall auto industry now features an average of 80 days’ supply. That’s the highest number since June 2020.
The upshot: you’ll see more manufacturer’s incentives, rebates, special financing offers and dealers willing to accept you negotiating a price that’s below MSRP (Manufacturer’s Suggested Retail Price).
Lots that sat empty a few years ago are now jam-packed. It costs dealerships money for every day a vehicle sits on a lot. So they need to move inventory.
Every brand is different. As of February, Toyota (36 days) and Honda (48 days) still held a lot of leverage with potential buyers. But check out this list of brands with at least 100 days’ supply:
Lincoln, Chrysler, Dodge: 160+
Ram: 153
Genesis: 126
Infiniti: 123
Jeep: 119
Buick: 119
Nissan: 112
Audi: 107
Ford: 104
Volkswagen: 101
📊 Stat of the Day
🥕 13: Number of states that still tax groceries. Mississippi slaps its residents with a 7% tax on essential food items. That’s the highest rate in the nation.
💰️ Deal Alert: Today’s Top Deals
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🎙️ Podcast
It’s time for "Clark Stinks!" Christa reads the latest "Clark Stinks!" submissions and Clark responds. Also, there is an exciting trend going on in the U.S. economy right now. American businesses are adapting and becoming more efficient. Clark explains why the productivity is “beyond fantastic!”
☎️ Need Money Help?
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.
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