• (614) 230-9999

Car pricing increase

 Jim Bianco, president of Bianco Research, predicts a “tsunami” of inflation will hit the United States in 2020.

“It will be a tsunami that will make the 2008 recession look like nothing,” Bianco said on CNBC’s “Futures Now” on Thursday.

Bianco said he expects the consumer price index to rise by 7% annually by 2020. That would be higher than the 3% average rate over the last 10 years and above even the highest level seen since 1990.

This would cause interest rates to climb, which would make it more expensive for consumers to borrow money. He predicted that mortgage rates could approach 5% within two years if this happens.

High interest rates would also mean that investors would have more trouble finding places to put their money, driving them back into stocks and other risky assets like real estate, which would push up those asset prices even further.

Bianco said he expects wages to stay flat when adjusted for inflation for most Americans as well as stock prices growing slowly due to sluggish corporate profits exacerbated by these high inflation rates due to higher interest rates

Subscribe to our blog

Dealer information

Phone Number

(614) 230-9999

Address

4880 Sinclair RD
Columbus OH 43229

Opening Hours
  • Monday
  • Tuesday
  • Wednesday
  • Thursday
  • Friday
  • Saturday
  • Sunday
  • 09:00 am - 07:00 pm
  • 09:00 am - 07:00 pm
  • 09:00 am - 07:00 pm
  • 09:00 am - 07:00 pm
  • 09:00 am - 06:00 pm
  • 09:00 am - 06:00 pm
  • Closed

Request more info

Ask a question

First name required.
Last name required.
Email address required.
Phone Number required.
Message required.

How would you like to be contacted ?

By clicking 'SEND', I authorize you to contact me exclusively through the communication channels I have selected, which may include calls, text messages, or emails. I understand that text messages may be automated. This authorization is not mandatory for making a purchase, and standard message and data rates may apply.

Make an Offer

Make An Offer

First Name required.
Last Name required.
Email required.
Phone Number required.
Offer required.

How would you like to be contacted ?

Ask Question

Ask a question

First name required.
Last name required.
Email address required.
Phone Number required.
Message required.

How would you like to be contacted ?

By clicking 'SEND', I authorize you to contact me exclusively through the communication channels I have selected, which may include calls, text messages, or emails. I understand that text messages may be automated. This authorization is not mandatory for making a purchase, and standard message and data rates may apply.

Promotion / Update Alerts

Keep me updated on

Email address required.

Check Availability

- miles
First name required.
Last name required.
Email address required.
Phone Number required.
Message required.

How would you like to be contacted ?

By clicking 'SEND', I authorize you to contact me exclusively through the communication channels I have selected, which may include calls, text messages, or emails. I understand that text messages may be automated. This authorization is not mandatory for making a purchase, and standard message and data rates may apply.

Request VIN

Request VIN

Email address required.
Phone Number required.

How would you like to be contacted ?

By clicking 'SEND', I authorize you to contact me exclusively through the communication channels I have selected, which may include calls, text messages, or emails. I understand that text messages may be automated. This authorization is not mandatory for making a purchase, and standard message and data rates may apply.

Send Us A Text

Please, enter your contact information

First name required.
Last name required.
Phone Number required.
Message required.

How would you like to be contacted ?

By clicking 'SUBMIT', I authorize you to contact me exclusively through the communication channels I have selected, which may include calls, text messages, or emails. I understand that text messages may be automated. This authorization is not mandatory for making a purchase, and standard message and data rates may apply.

VALUE YOUR TRADE-IN

How would you like to be contacted ?

By clicking 'SUBMIT', I authorize you to contact me exclusively through the communication channels I have selected, which may include calls, text messages, or emails. I understand that text messages may be automated. This authorization is not mandatory for making a purchase, and standard message and data rates may apply.

Book A Test Drive

loader

Book A Test Drive Please, select a date and time to book your test-drive

Sun
Mon
Tue
Wed
Thu
Fri
Sat

Please, enter your contact information.

How would you like to be contacted ?

By clicking 'SUBMIT', I authorize you to contact me exclusively through the communication channels I have selected, which may include calls, text messages, or emails. I understand that text messages may be automated. This authorization is not mandatory for making a purchase, and standard message and data rates may apply.