[nicollo]

I’m not sure when this auto lunacy ends...
1. People purchasing cars 50% over list, especially if they take an auto loan

Like housing, automobile pricing is financial- and not market-driven. Higher interest rates will drive down prices. Additionally, further market resets will drive up down-payments for both autos and houses, which will further drive prices downward

In 1919, GM finally figured out how to beat the Model T: financing. GM didn't invent it, but it was the first to standardize and market it nationally. Ford hated banks, so he just dropped the T price downward hoping to compete with the higher prices of GM cars that were priced monthly/annually. Ford finally gave up in '26, following Chevrolet's ascension to no. 1 seller with a price several hundred more than the T but with more features and affordable payments.

So, when monthlies rise, prices will drop.

[Organic Panic]

Yep. When shopping on a dealer lot they never tell you price. They just tell you what it costs per month. “How much can you afford? It’s only $400 a month...”

[TexasGator]

"In 1919, GM finally figured out how to beat the Model T: financing. "

In 1929, GM finally figured out how to beat the Model T: