Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Have you looked at new car prices? The bottom is falling out of car sales
American Thinker ^ | 07/05/2022 | Silvio Canto Jr.

Posted on 07/05/2022 10:30:52 AM PDT by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-99 next last
To: ping jockey

My 2011 GMC Sierra has 53,000 miles. It’s in perfect shape and gets 17!mpg.


41 posted on 07/05/2022 11:05:13 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.q at)
[ Post Reply | Private Reply | To 32 | View Replies]

To: mewzilla

We were told by a salesman that we could order a certain model, but there was no guarantee that we would actually get it....................


42 posted on 07/05/2022 11:05:37 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
[ Post Reply | Private Reply | To 22 | View Replies]

To: cableguymn

To whom?
China?..................


43 posted on 07/05/2022 11:06:20 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
[ Post Reply | Private Reply | To 19 | View Replies]

To: TomGuy

2019 F250 here,
My Dealership won’t leave me Alone!
.
Don’t want to know
What It’s worth.
.
To me it’s Priceless.


44 posted on 07/05/2022 11:08:52 AM PDT by Big Red Badger (We Are JONAH)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Red Badger

Went to look at a Santa Cruz. Had none in the lot. I asked when they will have one to show? They sent a guy out to retrieve one from the off lot lot:-)

Was not interested after the back seat was closer to the fronts than in my 2019 Tucson.

The off lot lot is now called “in transit” if you haven’t noticed:-)


45 posted on 07/05/2022 11:13:25 AM PDT by Harpotoo (Being a socialist is a lot easier than having to WORK like the rest of US:-))
[ Post Reply | Private Reply | To 37 | View Replies]

To: SeekAndFind

I was looking at a 2002 low miles dodge pick up, in great shape, but when I did the simple math of filling up the tank I just about ran off the lot.


46 posted on 07/05/2022 11:13:50 AM PDT by The Louiswu (We couldn't 'afford' $4 billion for Trump's wall at the southern border?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Drew68

Two or three months ago I brought in my 2013 Jeep Compass with a bit over 100 miles on it for servicing at the dealer. A young sales guy hard pressured me into selling it. I said the same thing. What ever I pay for the repairs is still a Hell of a lot cheaper than car payments.


47 posted on 07/05/2022 11:14:13 AM PDT by 4yearlurker (Luke 23:29...= abortion.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Red Badger

Manufacturers can’t BUILD the vehicles, there is a worldwide shortage of computer chips to put in the 47 or so separate computers that are now absolutely necessary to comply with emissions standards.

What chips are available are being reserved for installation in the battery-powered EVs that have to be built to comply with the “green new deal”, and for which there shall be little support for many years to come, until the electric grid catches up.


48 posted on 07/05/2022 11:15:35 AM PDT by alloysteel (There are folks running the government who shouldn't be allowed to play with matches - Will Rogers)
[ Post Reply | Private Reply | To 8 | View Replies]

To: 4yearlurker

Ooops. That should read A bit over 100 thousand miles...


49 posted on 07/05/2022 11:16:28 AM PDT by 4yearlurker (Luke 23:29...= abortion.)
[ Post Reply | Private Reply | To 47 | View Replies]

To: SeekAndFind
The author’s old college economics professor had an expression about the car business and the national economy. He called it the best barometer for a recession. He may turn out to be right again.

It's true: the best barometer as to how people feel about the economy going into the future is new car sales.

Whenever you see 0% or very low-interest rate financing, manufacturing dealer networks are seeing downturns in foot traffic into dealerships and sales are declining.

It's always been a great barometer. I follow it, and I'm following it now as I keep my old vehicle maintained and in good running condition waiting for car prices to finally start falling. I'll keep waiting, there's more to come.

50 posted on 07/05/2022 11:16:38 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

I had the old Suburban at the dealer for some maintenance a few weeks ago. Decided to kill time by looking at the new models, which, I have to say, come with some nice features now, but was told “well, the price is sticker, plus 7,500 bucks, because demand is so high”.

Got a call from a salesman right before the holiday, saying that they might have some “flexibility” now. Good sign for buyers, not a good sign for the economy.


51 posted on 07/05/2022 11:20:36 AM PDT by absalom01 (You should do your duty in all things. You cannot do more, and you should never wish to do less.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

I think Ford and Chevy have abandoned the automobile market in the United States in favor of SUVs and trucks.

Ford’s only automobile is the Mustang.

Chevy offers only the Camaro and Corvette.

If you don’t want an SUV you have to go to some other car maker.


52 posted on 07/05/2022 11:20:55 AM PDT by packagingguy
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind

A $700 monthly payment? I remember when that was a good down payment


I remember when that was half the price of a new car.


53 posted on 07/05/2022 11:21:28 AM PDT by PIF (They came for me and mine ... now its your turn)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
A friend has his Nissan driver's side quarter panel duck taped to his hood and front bumper because he's been waiting over two months for the parts to replace it.

Neighbor's ordered a new Edge over three months ago and still waiting for it.

54 posted on 07/05/2022 11:25:34 AM PDT by Hot Tabasco (Don't walk thru the watermelon patch)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ping jockey

I have a 79 K5 blazer that I would have to take a hefty 401k loan to send it out for things I’m not really able or equipped to do anymore.

Maybe one day it will get there.


55 posted on 07/05/2022 11:27:04 AM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
[ Post Reply | Private Reply | To 32 | View Replies]

To: z3n

My brother loves he hybrid for the same reason. He uses electric in stop and go environments and combustion on the road trips. Averages around 40 mpg.


56 posted on 07/05/2022 11:27:14 AM PDT by Vigilanteman (The politicized state destroys aspects of civil society, human kindness and private charity.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: SeekAndFind

The monthly lease payment on my new Jeep Compass is approx. $130 more per month than the payment on the same 2019 model I just turned in.


57 posted on 07/05/2022 11:27:23 AM PDT by Hot Tabasco (Don't walk thru the watermelon patch)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

My timing was perfect.

Two years ago, a friend was selling his car. He told me what he was asking. It was basically trade in price. About $5000 less than retail.

My daughter needed to replace her car so I told her she can’t go wrong. She doesn’t like it but knows it was the absolute best deal in town. Just after she bought it the prices skyrocketed.

I drive a company car, a F150 with first dibs to buy it when it’s time to turn in.

I bought it and immediately resold it. $4000 profit for essentially a couple hours work.


58 posted on 07/05/2022 11:27:37 AM PDT by cyclotic (I won't give up my FREEDOM for your FEAR. Oh Canada, we stand on guard for thee.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: allwrong57

they lost 5 billion on their investment in Rivian (electric)


Saw a YT title where a guy’s brand new Rivian fell apart after 1500 miles. Rivian, the new Yugo.


59 posted on 07/05/2022 11:28:00 AM PDT by PIF (They came for me and mine ... now its your turn)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Flash Bazbeaux

My 2020 Corolla I got for 2% interest now has 10k miles and is worth 2K more than I paid.


60 posted on 07/05/2022 11:31:04 AM PDT by PIF (They came for me and mine ... now its your turn)
[ Post Reply | Private Reply | To 16 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-99 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson