prices for the first time since the pandemic hit. so we have not seen this happen. incentive spending is finally started to creep back in. so cars have been what have driven inflation in the current episode, and the post- pandemic era it is car inflation that has been out front. we are seeing that begin to turn because investors are suffering fudge sticker shock you see car sales to consumers in the united states last year declined by 6%. but we also saw auto lending increased because car prices are so high. so the cure for high prices the transitory narrative coming home too late for the federal reserve and not for the economy. with six and a box before paying, 500 for a new car. we are seeing some relief and chips that may turn a corner brook at less than ago
firing at all in november. these numbers were really good. look at that gm, up 14% from a year ago. ford, 7%. chrysler, 16%. wow. you know incentive spending was the lowest since january. $202500 per average on vehicle. it wasn t a big deal. it s because people want to buy cars and they re feeling more confident. the strong showing powered by black friday promotions. people got in the showroom, traffic surged on black friday. overall cars sold at the brinkest pace in six years. the gm economists on a conference call with auto writers say that a stable jobs market. record stock market, we re going to see good sales into next year. you know what i was surprised about i was seeing commercials for black friday on vehicles. how weird is that? that was the big deal. april lot of people stayed away from the malls and went to the showrooms. we ve got people holding on to their own clunkers for a long