Auto News The Big Short coming for the auto industry?
- Thread starter Flyn
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The thing most people are forgetting is the lack of leases going out in 19/20/21/22. That is going to make used car prices stay high for a while because they aren’t getting lease returns back. That typical 36-38 month lease getting turned in is the bread and butter of the used car auction world. Without those, the used cars they do get are going to be priced higher.
Auctions are so over priced right now, unless your dealership would like to buy a full truckload of cars at one time, that’s the only way to make some money.
No but I'm tired of seeing 2k cars go for 4500 tooThat'll never happen again
Yeah, I'm tired of seeing cars offered for way more than they were 2 years ago when they were 2 years newer.
They need to bring back the LX Civic with a decent manual. I’ve had a few bought new in the past during the golden years, and wouldn’t hesitate to buy another if decent enough to replace the 2.
But that’s not the American way! Spend more than you make to keep up with everyone else or be the one upper!
I've seen cars maybe that MSRP'd for 30-31 selling for 24K with 94 on the clock. Why are people paying these absurd amounts?
Real world pricing would be 12,500 I would imagine.
Cars in question are Honda Accords. Mass produced U.S. made vehicles.
Real world pricing would be 12,500 I would imagine.
Cars in question are Honda Accords. Mass produced U.S. made vehicles.
Rebates are coming back shortly, right now new car dealers are doing okay, but with out rebates which they need to move product, and use that rebate money for down payment loan to value, etc… they will be dead in the water if they don’t, Especially nissan lol.
Yes but they typically slow down during the downturns. They are still ramping and recovering from the Covid supply chain issues. We will see a period of shoppers market before they dare to adjust.
https://www.wearegreenbay.com/news/...artment,maintain a licensed business facility.
Saw this thought it may be interesting and related. A trio of wholesalers in WI had their licenses revoked. What's interesting is that none of them chose to fight the complaint at all.
Think they're getting out maybe?
Saw this thought it may be interesting and related. A trio of wholesalers in WI had their licenses revoked. What's interesting is that none of them chose to fight the complaint at all.
Think they're getting out maybe?
Here's an interesting video by Steve Lehto. He mentions that the piece of paper that looks like a title is actually a certificate of title, not the title itself. These people bought a car on Craigslist and received what they thought was the title. The previous owner, who sold the car to a flipper, still had a loan on the car and had obtained a duplicate title to use for her sale. The loan company, of course, would not release the actual title unless they got paid. This case is going to court. Sounds like it's a good idea to ask to see a seller's license and snap a pic of it as well as make sure the title name is the same as the license.
Subprime car loan delinquencies are surging
Despite the strong job market, the rising cost of everything is pressuring lower-income families
N20GT your time is coming. Gunna get you a GT500 for 95k instead of 100k.
hopefully some of the predatory lenders in this sector of the auto market go bankrupt.Subprime car loan delinquencies are surging
Despite the strong job market, the rising cost of everything is pressuring lower-income familieswww.axios.com
there will be dodges and nissans galore at auctions soon
The issue is there is no penalty for when you have a car repossessed, yes it’s dings your credit score, higher credit score, etc … but you can have your car repossessed on a Monday and Wednesday you are pulling away in a new car or a 2-3 year old used car.
Lenders are the only ones losing out.
Lenders are the only ones losing out.