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Auto inventories are really starting to fill back up. Ours has tripled in the last month with much less buyers. Prices should start dropping pretty hard. There's gonna be a

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Old 11-03-2022, 06:40 AM   #16 (permalink)
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Auto inventories are really starting to fill back up. Ours has tripled in the last month with much less buyers. Prices should start dropping pretty hard. There's gonna be a lot of people upside-down in their car notes.
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Old 11-03-2022, 07:49 AM   #17 (permalink)
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Auto inventories are really starting to fill back up. Ours has tripled in the last month with much less buyers. Prices should start dropping pretty hard. There's gonna be a lot of people upside-down in their car notes.
This is assuming that you have buyers that actually qualify for a loan, regardless of pricing. Feds just raised rates another 75 bps yesterday (4th one this year and another expected before 2023, and with a few more expected in 2023) to discourage borrowed spending and lessening the money supply in the economy via quantitative tightening.

When the Feds drastically reduced rates (COVID), you had an imbalance of too many buyers and too little supply. At the rate of the Feds increasing rates, it seems we will be headed to the opposite end of the issue with too few buyers and too much supply.
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Old 11-03-2022, 09:51 AM   #18 (permalink)
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Old 11-03-2022, 10:18 AM   #19 (permalink)
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Dealerships have really shown their true colors. I hope they all go out of business other than the ones that at least stayed at MSRP (and that's really all the other dealerships had to do while still making a pretty penny, but they got too greedy). I for one will no longer buy from a dealership and rather buy direct from previous owner if possible. Other option would be to buy direct from manufacturer like Tesla. Doesn't help how these auto manufacturers made false promises of punishing dealerships who overmarked cars by throttling their inventory. Once the supply and demand reverses, it'll be comical seeing the dealerships beg for business. Good luck, but of course they'll always have the people who are willing to buy cars for 32% APR for 60 months.
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Old 11-03-2022, 10:37 AM   #20 (permalink)
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Dealerships have really shown their true colors. I hope they all go out of business other than the ones that at least stayed at MSRP (and that's really all the other dealerships had to do while still making a pretty penny, but they got too greedy). I for one will no longer buy from a dealership and rather buy direct from previous owner if possible. Other option would be to buy direct from manufacturer like Tesla. Doesn't help how these auto manufacturers made false promises of punishing dealerships who overmarked cars by throttling their inventory. Once the supply and demand reverses, it'll be comical seeing the dealerships beg for business. Good luck, but of course they'll always have the people who are willing to buy cars for 32% APR for 60 months.
Greed may have been a variable (every business strives to make more money, or even survive during the pandemic), however, it’s not just car prices that have skyrocketed, but rather in every imaginable industry due to inflation, in addition to the global supply chain issues and labor. Look at home prices – average value increases is near 20%.

In regards to your comment on the supply/demand reversal, the bigger issue now is how the Feds have aggressively raised rates, and will continue this trend, and therefore disqualify many potential buyers or qualify buyers at a lesser amount with a higher rate.

I am not a fan of car dealerships myself, and buy from whoever you want, but keep in mind that the value/price of anything is worth whatever a buyer is willing to pay.
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Old 01-30-2023, 04:10 AM   #21 (permalink)
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What do you think is the best car for a girl right now? Because my boyfriend bought himself a TOYOTA LC PRADO 150 and I can't drive that car. Even though he changed the multimedia system from CarPlay https://smarty-trend.com/toyota-land...head-unit.html to make it easier for me, it's still a big car for me.

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Old 01-30-2023, 05:24 AM   #22 (permalink)
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What do you think is the best car for a girl now?
Well what does she need it for? Does she go on track-cross events? Maybe a miata. Does she go drifting? Maybe a Z. Does she have 3 kids she needs to pick up every day? Some minivan then. Does she have less than a mile to work? Maybe walk then.

I mean, why don't you start by actually asking a question.
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Old 01-30-2023, 07:59 AM   #23 (permalink)
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What do you think is the best car for a girl now?
Bentley or Rolls Royce.
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Old 01-30-2023, 04:43 PM   #24 (permalink)
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What do you think is the best car for a girl now?
A girl as in any biologically born female? A 48 yr old female they thinks like an 18 yr old in Cancun? Or a female ape?

A best car for a girl to….do what? Drive in? Model on? Attract opposite…or same sex with..?

Ok I’m back to normal now, carry on
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Old 01-30-2023, 07:06 PM   #25 (permalink)
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Bentley or Rolls Royce.
I retract my previous statement.

Get a Bugatti.
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