I see people saying that exists but I haven't even seen ads or anything that show those. And I'm actively looking for cars for both myself and my wife.
Auto News The Big Short coming for the auto industry?
- Thread starter Flyn
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I think we can all agree cars cost too much now, but people want all the latest features and safety regulations mean expensive stuff has to be fitted to every car.
What will break this cycle? Possibly Chinese cars. There’s a real chance that China can come in at cheap prices and do what Japan did in the 80s.
What will break this cycle? Possibly Chinese cars. There’s a real chance that China can come in at cheap prices and do what Japan did in the 80s.
I think the number of people underwater and the repos are going to escalate up sooner or later. Banks will tighten their loan criteria. Dealer inventories will climb and they will get hammered with rising interest rates and floor plan costs.
True, but people dont care if its junk or quality. They just want wireless CarPlay and a cheap purchase price
I think the 27.5% import tariff and piss poor safety standards keep them away. Although the EV brand Zeekr is going public sometime this year.
It means LS swap it and send it......lol
Few things I am noticing by me at the moment, dealers have more new car inventory then I have seen in the last 2-3 years, which is good but with no incentives / lease deals / apr specials those cars are going to sit.
Used cars every where are going to take a loss, especially if you bought at the auction as they were way over priced and trying to buy at the auction right now you are still paying too much. Used car inventory I have seen at big and small dealers as well a few classic car dealers, the lots are getting empty, 75+ cars on a lot are in the 30-40’s top.
My mom who runs a gm dealer in the south burbs, said they have used car inventory but the prices are dropping and taking a small loss on each car in some ways just to get them off the lot.
repo’s are going to happen no matter what, banks take the risks, and in the long run the dealers are the winners, dealers made profit on the car, financing profits ( dealers only need the customer to make 3 payments to collect financing money ) then the car gets repo’d and dealers buy them cheap from the bank auctions and resell and make profits again … viscous circle .
It’s going to be a crazy market and I’m starting to see prices on both dealer and private party sales dropping for the better.
Used cars every where are going to take a loss, especially if you bought at the auction as they were way over priced and trying to buy at the auction right now you are still paying too much. Used car inventory I have seen at big and small dealers as well a few classic car dealers, the lots are getting empty, 75+ cars on a lot are in the 30-40’s top.
My mom who runs a gm dealer in the south burbs, said they have used car inventory but the prices are dropping and taking a small loss on each car in some ways just to get them off the lot.
repo’s are going to happen no matter what, banks take the risks, and in the long run the dealers are the winners, dealers made profit on the car, financing profits ( dealers only need the customer to make 3 payments to collect financing money ) then the car gets repo’d and dealers buy them cheap from the bank auctions and resell and make profits again … viscous circle .
It’s going to be a crazy market and I’m starting to see prices on both dealer and private party sales dropping for the better.
Nobody thinks about safety till it’s too late. This is why there are so many jeep wranglers and Toyota 4Runners out there.
Seen this the other day
Boss Says Automakers Will Soon Offer Discounts On New Cars Again
carbuzz.com
Boss Says Automakers Will Soon Offer Discounts On New Cars Again
Stellantis Boss Says Automakers Will Soon Offer Discounts On New Cars Again
Speaking with the Financial Times, Stellantis CEO Carlos Tavares revealed that he believes automakers will soon compete more aggressively on pricing, with discounts likely to return to the new car market before long. "Pricing power will be under pressure, which means we are back to the situation...
carbuzz.com
The interesting issue is with how few new cars were sold/leased during the pandemic compared and how that will affect the used market for cars that are 4 years and newer. I am still waiting to see if I need to be able to fit 3 car seats and that will determine what I need to get next. Been stuck in limbo with mazda3 for a while now.
The average Americans net worth is heavily weighted on home equity, that’s why 08 hurt so much. Not only did people lose their homes, they lost their net worth at the same time.
With cars, anybody with a brain knows they will lose value over time. In other words, who cares if this “market” crashes?!
With cars, anybody with a brain knows they will lose value over time. In other words, who cares if this “market” crashes?!
Make 500 dollar shit boxes great again!!!