Comments 1 - 15 of 15 Search these comments
Betting just like in 08 people will blame the effect, and ignore the cause.
I look at new vehicles & can never justify the price.
Depreciation,more insurance,more ad valorem tax,
interest on loan.
EVERY automaker missed huge,
I can't imagine why when probably 75% of new car customers trade in cars they're yuuugely upside down in and wrap the balances into 72 month contracts. Other than that, there shouldn't be any problems.
Annualized auto sales are still at very high levels. My main objections on any new car that I would consider is the crappy CVT or dual clutch automatic transmission that all automakers seem to use today.
My main objections on any new car that I would consider is the crappy CVT or dual clutch automatic transmission that all automakers seem to use today.
You can thank CAFE standards for that.
You doubt that your great country is on the wane? I say only this - look around you.
You doubt that your great country is on the wane? I say only this - look around you.
But I'm already seeing used cars under $1500.
People work longer hours and develop great skill sets only to find that work and skill are losing their worth while the markets rocket to new highs by searching the world for squalor conditions and oppression to exploit.
How do you know that these cars weren't flooded recently, especially where you live?
If only there were other ways to generate income than owning things, buying and selling them.
The Market's up! The Market's up!
Bitcoin's up! Bitcoin's up!
Home prices rise! Home prices rise!
Everything's up! Everything's up!
I probably need to talk to the unpissed-off poor,at this moment,to see how they are doing.
http://www.zerohedge.com/news/2017-05-02/auto-bloodbath-every-oem-misses-april-sales-estimates-inventories-continue-soar
EVERY automaker missed huge, with many down near or more than double digits, and most also are seeing swelling inventories of unsold vehicles PILE UP, but -
"GM, one of the few OEMs to actually disclose dealer inventories in monthly sales releases, reported that April inventories increased to 100 days (935,758 vehicles) from 98 days at the end of March and just 71 days (681,402 vehicles) in April 2016. "
#ItsGoingToGetFarWorse