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Car dealer $Eagers Automotive Ltd (APE.AU)$ was the latest a...

Car dealer $Eagers Automotive Ltd (APE.AU)$ was the latest and warned about “softness” in Sydney.
That to me was definitely an eye opener because if Sydney siders are feeling the squeeze then every other capital city can’t be too far behind.
I maintain my AVOID on consumer discretionary stocks – I just see no reason to be in the sector.
You’ll have opportunities galore down the track.
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  • Lonewolfcow : Very short view.  Softness has been priced in. Last time I checked there’s a flood of cars on the road & there going to need to be updated very soon. A lot of people held off during Covid & the same people will realise high car prices are here to stay. They will be buying shortly

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