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New Vehicle Sales Plunge As Prices Soar Amid Supply Chain Chaos, Chip Shortages, & Depleted Inventories
Zubu Brothers ^ | 10-5-2021 | Wolf Richter via WolfStreet.com,

Posted on 10/05/2021 4:03:38 PM PDT by blam

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To: Alberta's Child

Soviet America. Like the good old days in the Soviet Union. Get on a waiting list for a car, and when you get to the top of the list, you take whatever is available.

Come to think of it, maybe I should look into importing some Ladas. Nope, won’t work. Those are Renaults now. Maybe GAZ.


21 posted on 10/05/2021 4:58:49 PM PDT by PAR35
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To: libertylover

That’s nothing. New Kia Tellurides in my area are going for $5,000-$10,000 over MSRP... and still, they can hardly get them in fast enough.


22 posted on 10/05/2021 4:59:21 PM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: blam

But not for Tesla...

https://www.theverge.com/2021/10/2/22704830/tesla-sold-241300-cars-third-quarter


23 posted on 10/05/2021 5:06:46 PM PDT by Jeff Gordon (Don't pick a fight with an old man. If he is too old to fight, he'll just kill you.)
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To: adorno

Best if you can wait. The closest I could get the vehicle I wanted was over 200 miles away. And, few hours before I made the trek with my car trailer the dealer sprung it on me that, “Oh by the way, the car has 550 miles on it because we had to use it as a loaner”. Boy was I hot. Really sketchy business practice, but like I said, they don’t care. People lined up to buy. So yeah, definitely wait if you can.


24 posted on 10/05/2021 5:08:35 PM PDT by Obadiah (Truth is treason in an empire of lies.)
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To: DEPcom
I have given up on buying a new truck. My current vehicle only has 30K miles on it.

I was just in an accident. Stopped on the highway, and rear-ended by a F250 doing about 55-60 mph. Probably texting. My Infiniti took it like a champ though in that I was able to drive it off, and no one in my vehicle was seriously hurt. The problem though is finding a new vehicle, or waiting for the new Infiniti QX60 to arrive which I already put a deposit on.

25 posted on 10/05/2021 5:15:27 PM PDT by voicereason (The RNC is like the "one-night stand" you wish you could forg)
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To: frank ballenger
Kidding. I think!
These days who knows?
26 posted on 10/05/2021 5:15:54 PM PDT by dblshot
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To: blam

Thankfully not in the market. After I gave up on German cars a few years back, I actually have some that have required nothing other than oil/filters/tires for quite a few years of their lives. I will try an electric in a couple of years for at least one of my vehicles. Hopefully, things will be sorted out by then. Of course, if libs totally take over, foggetabout anything associated with advancing any state of the art.


27 posted on 10/05/2021 5:17:52 PM PDT by Da Coyote
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To: blam

And the used car prices are climbing. I saw a 2005 Ford somethingorother sedan for $7900 with 144K on the clock; this on a dealers website. Check your local deals to see.


28 posted on 10/05/2021 5:58:25 PM PDT by SkyDancer (If at first you don't succeed, so much for skydiving)
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To: blam

We hired a guy to do some landscaping and he was telling us about wanting to purchase a Ford F350. He said he had a salesman buddy tell him to wait a while because they have all these vehicles sitting in lots waiting for chips and rodents are getting up into the engines eating the wiring.


29 posted on 10/05/2021 6:06:25 PM PDT by Mean Daddy (Every time Hillary lies, a demon gets its wings. - Windflier)
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To: irishjuggler

I went to large Chevy dealer yesterday. They had practically no new vehicles for sale. Just few Silverados.
They are filling up huge parking spaces with cars waiting for the chips.
The dealer takes orders for the delivery of MY 2021 vehicles, whenever they will appear. They do not even have MY2022.

BTW GM also practically canceled all cars. Buick is SUV only, Chevy has only one sedan - Malibu. Some e-vehicles, Corvette and Camaro. None of them in the show room. None of the SUV’s either.


30 posted on 10/05/2021 6:12:51 PM PDT by AZJeep (https://www.youtube.com/watch?v=O0AHGreco RomNQkryIIs)
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To: blam
There are indications that many potential buyers have had enough of this circus and stopped looking.

That’s me. Looking for a used car and for the make/model I was considering there’s too little selection and prices are too high (for me). Could get a great price on the current car I have (pay off the loan and pocket some money) but in the end punted. Just completed a refi for my current car, as rates are very, very good right now.

31 posted on 10/05/2021 6:19:54 PM PDT by Fury
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To: Mean Daddy

I’ll wait for the rodent modified truck.


32 posted on 10/05/2021 6:23:47 PM PDT by Cold Heart
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...

33 posted on 10/05/2021 6:24:19 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: Gene Eric

With the arrival of Socialism, Companies have to switch their operating modes from sales to purchasing.
Like in the old Soviet Union.
There were no need for salesmen, they sold pretty much everything they managed to make on the spot.
So the manufacturing entities directed their smartest, brightest, and most aggressive workers to purchasing.
The buyers were the most important functions in the company! Without very smart and aggressive buyers, who could talk, cajole, and bribe suppliers to give them something, the company was sitting, high and dry, nothing could be done.
If we acknowledge the arrival of Socialism, to be successful in the new environment, the companies must redirect their efforts from sales to purchasing or perish!


34 posted on 10/05/2021 6:35:02 PM PDT by AZJeep (https://www.youtube.com/watch?v=O0AHGreco RomNQkryIIs)
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To: blam

My son works for a large dealership in Denver. He said they would give me $5,000 OVER MSRP for my 2 year old Toyota Tundra. They have almost no new cars and are paying ridiculous money for good used ones so they have something to sell.


35 posted on 10/05/2021 6:52:10 PM PDT by POWG
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To: blam

My youngest son’s Ford dealership has had its biggest year ever selling Ford trucks...


36 posted on 10/05/2021 7:49:38 PM PDT by SuperLuminal (Where is another Sam Adams now that we desperately need him?)
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To: Mean Daddy

are they even able to crank them periodically?


37 posted on 10/05/2021 8:08:03 PM PDT by WoofDog123
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To: blam

Just purchased a new to me 1966 Fairlane GT. 86K miles. Beautiful condition. My first car was a 1966 Fairlane GT. And my las one is too.


38 posted on 10/05/2021 8:15:36 PM PDT by Nuc 1.1 (Liberals aren't Patriots. Remember 1789!)
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To: adorno

Yup, we’ve been looking long & hard too. Jumped on real fast when we did find the fluke of an excellent Chevy Suburban traded in at a Hyundai dealership. Very little otherwise that didn’t disappear fast.


39 posted on 10/05/2021 9:01:06 PM PDT by ctdonath2 (All worry about monsters that'll eat our face, but it's our job to ask WHY it wants to eat our face.)
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To: libertylover

YES


40 posted on 10/05/2021 9:39:52 PM PDT by FrankRizzo890
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