I'm just waiting for a news release that states that there was a massive vehicle repossession countrywide.
Directly from the "Dealers are on Crack files".....
- Thread starter mjk1967
- Start date
The pricing cycle will continue. On a micro scale, no telling why this price is so high.
Prices for food items are dropping here, as are car prices. Walmart is dropping prices all over the store to lure people back in. Competition is heating up to get customers to buy. Lowe's and Home Depot reported lower sales for the first time in a while.
Car prices will drop shortly. They have no choice if they want to have sales and maintain viability.
Prices for food items are dropping here, as are car prices. Walmart is dropping prices all over the store to lure people back in. Competition is heating up to get customers to buy. Lowe's and Home Depot reported lower sales for the first time in a while.
Car prices will drop shortly. They have no choice if they want to have sales and maintain viability.
Well this was from Q4, and it shows delinquency levels are up over pre-pandemic but still pretty low. Not to mention the banks have no interest in repo of cars purchased with $10K market adjustments in 2021 which are now $20K under water. They are more likely to re-term the loans on anyone willing to pay something.
https://libertystreeteconomics.newy...nquency-revs-up-as-car-prices-stress-budgets/
Look for big discounts on a Chrysler, Dodge, Jeep. Inventories are at 90 days.
But you’d be tying yourself to a Chrysler….
I've tied myself to worse!
Is a Hornet really gonna hit like your old K Cars did?
Probably not
Will your Classic rock playlists sound better in the Hornet?
Most likely
How backed up can a Chrysler dealer be, they've only got one model in production
What's the waiting list for a Pacifica
The next generation Charger intrigues me
And if you think cross breeding Italian
design with American 
engineering is an affront to human decency It's been done before
Earlier tonight I pointed out a Hornet and said I'd like to get one of those as a rental sometime, has to beat the Tucsons I keep getting stuck with.
I will own another K-car, the right one just hasn't come along. Don't be jelly.
Strange how inventory has recovered at some auto brands. Our Subaru dealer has cars jammed into every spot on his lot. My wife just got $2700 off the MSRP on a new Outback.
The nearby Honda dealer has but a few cars and says, MSRP is a “STEAL”!
The nearby Honda dealer has but a few cars and says, MSRP is a “STEAL”!
A lot of dealers here are storing cars offsite to give the illusion of scarcity. Other than a few models nothing is scarce anymore from a production standpoint. If it is the OEM is just trying to pad their margins - which at this point I believe they all are.
I got PT 2x6x8s for $7.xx last weekend. Not too shabby.
I'm thinking home equity lines of credit.
Most people would be shocked by how much money a well used Honda or Toyota will actually bring during graduation season, maybe not $11k, but certainly $10k.
$10k is the magic number at this time of year. Most parents will start-out looking for something less expensive, but when their spoiled rotten student children refuse to drive what their parents have found for them (as much as their parents may like it, an 18 year old is not going to be happy driving the clean as a whistle low mile one owner, and safe, Buick Lesabre that their parents found for $5k), their parents often relent and pay what most of us think is way too much money for the Honda or Toyota that their graduate wants. The Honda and Toyota dealers (and used car dealers) are well aware of this phenomenon. This is the time of year (along with early/mid December) when demand far outstrips supply for $10k Japanese cars.
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Not to mention the prevalent mentality of “I just got my tax money back so I can afford the down payment to enter into that sweet 84-month loan on the truck I can barely afford the payments on.”
I was at the local Toyota dealer. They had a “managers special” in the showroom - an immaculate 1984 Corolla hatchback, 5 speed with am/fm/cassette, with “under half a million miles” for $5999. Now, before that sounds awful, it did look like the dealer absolutely put some work into it.
Hey there ---Is a Hornet really gonna hit like your old K Cars did?
Probably not
Will your Classic rock playlists sound better in the Hornet?
Most likely
How backed up can a Chrysler dealer be, they've only got one model in production
What's the waiting list for a Pacifica
The next generation Charger intrigues me
And if you think cross breeding Italian
It's been done before
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Easy on the K cars.
My family proudly owned a 82, 85 and 87 Station Wagon.
That's only because the old man was a teacher, and that's all he could afford (LOL).
