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Car Market going apeshit


               
2024 Oct 25, 8:28pm   502 views  21 comments

by TheAntiPanicanLearingCenter   follow (9)  

Used Vehicles too expensive - no longer 30% off when it drives off the lot (thanks Obama). I'm sorry, I'm not paying $20k for a 50k mile base model compact/mid SUV from a few years ago that somebody Doordashed/Ubered the shit out of. And sure as shit not paying 8-11% interest as the used cars don't have the 5% or less factory-to-dealer incentives.
https://www.youtube.com/watch?v=aF3wA1aI0-M

Bottom range Used Car dealer explains why dealers are both stuck with and can't offload trade ins and especially older unsold new higher end Trucks in particular.
https://www.youtube.com/watch?v=aF3wA1aI0-M

Fun fact: Ford CEO and CFO both 'resigned'.

Much of this is shit DEI-driven moron management from the COVID era, thinking their pricing power was going to last for years going forward. Now the whole ecosystem is fucked as new vehicles - including $25-45k 'affordable' models - have to be offered with under 5% interest but dealers can't mark down, dump, or even advertise (due to franchise rules) their trade ins and 300+ day floorplan farters.

Comments 1 - 21 of 21        Search these comments

1   TheAntiPanicanLearingCenter   2024 Oct 25, 9:40pm  

$200 for nitrogen? That's some expensive gas. Take it out and reinflate it with air and take it off the invoice.
2   Maga_Chaos_Monkey   2024 Oct 26, 10:49am  

AmericanKulak says

$200 for nitrogen? That's some expensive gas. Take it out and reinflate it with air and take it off the invoice.


You're damn right. Air is composed of approximately 78 percent nitrogen and 21 percent oxygen.
3   rocketjoe79   2024 Oct 26, 11:31am  

SoTex says

AmericanKulak says


$200 for nitrogen? That's some expensive gas. Take it out and reinflate it with air and take it off the invoice.


You're damn right. Air is composed of approximately 78 percent nitrogen and 21 percent oxygen.

What a complete scam. It is probably aimed at women, who car repairmen can easily buffalo into submission.
4   FuckTheMainstreamMedia   2024 Oct 26, 11:46am  

I was hit by another car in January, totaling my 2014 domestic crossover. It had 130,000 miles on it and still paid out $9800. Got a 2019 domestic crossover for $21,500 out the door with 30,000 miles on it. Working great so far and did a 4000 mile road trip this summer. Interest rate from my credit union is 5.9%.
5   TheAntiPanicanLearingCenter   2024 Oct 26, 12:25pm  

Nice!

I'm strongly considering buying used but the interest rate on used is killer. I'd happily buy a few year old car with 50-80k miles IF they weren't so damned Obamunated in Price. Clunkers my ass.

Maybe I'll buy the Dodge Hornet, ha!
6   MolotovCocktail   2025 Mar 7, 2:10pm  

They won't do it because they are in the finance biz that just happens to build cars. Besides, states like California would find a way to ban them.


7   Patrick   2025 Mar 9, 10:04pm  

I would buy that car.
9   GNL   2025 Mar 10, 7:58am  

I would have never guessed this.
10   Maga_Chaos_Monkey   2025 Mar 10, 8:28am  

OkDOGEisAmountingToSomething says

California would find a way to ban them.


California fucks up the industry for all 50 states.
11   MolotovCocktail   2025 Mar 10, 8:57am  

GNL says


I would have never guessed this.


It's inaccurate. For instance, BYD is kicking Tesla's ass. And Toyota is still on top, but barely.
12   GNL   2025 Mar 10, 10:18am  

OkDOGEisAmountingToSomething says

GNL says



I would have never guessed this.


It's inaccurate. For instance, BYD is kicking Tesla's ass. And Toyota is still on top, but barely.

I didn't want to say it was BS but, that's what I was thinking for sure. Camry has been on top for quite a while. I think only Accord was a competitor for top spot for a long time. Great cars. I have a Camry and will replace it with another or a Lexus at some point.
14   Al_Sharpton_for_President   2025 Mar 10, 10:38am  

GNL says

Camry has been on top for quite a while

#8 in the USA. The above was worldwide.

https://www.kbb.com/best-cars/top-10-25-best-selling-cars-trucks-suvs/

The Ford F Series was numero uno, followed by the Chevy Silverado. Best seling option in both trucks was the M242 Bushmaster mount.
15   socal2   2025 Mar 10, 4:43pm  

Here is a chart showing the automakers operating margins.

Considering that every other maker of EV's are losing money on every EV they make, Tesla is doing very well despite margin drops in the last year as they continue scaling their factories and building the world's largest AI supercomputer.


17   Glock-n-Load   2025 Mar 10, 6:07pm  

GNL says


OkDOGEisAmountingToSomething says


GNL says


I would have never guessed this.


It's inaccurate. For instance, BYD is kicking Tesla's ass. And Toyota is still on top, but barely.


I didn't want to say it was BS but, that's what I was thinking for sure. Camry has been on top for quite a while. I think only Accord was a competitor for top spot for a long time. Great cars. I have a Camry and will replace it with another or a Lexus at some point.


I stand corrected. I’ll have to be more careful before posting. Camry is the top selling CAR in America according to Perplexity.
18   HeadSet   2025 Mar 10, 7:34pm  

Al_Sharpton_for_President says

The Ford F Series was numero uno, followed by the Chevy Silverado.

Ford pickups did not outsell GM pickups. GM split their sales between the Chevrolet and GMC brands. If you add the Chevrolet Silverado and the GMC Sierra together they outsell the F-Series by over 100,000 units.
19   ForcedTQ   2025 Mar 10, 7:38pm  

HeadSet says

Al_Sharpton_for_President says


The Ford F Series was numero uno, followed by the Chevy Silverado.

Ford pickups did not outsell GM pickups. GM split their sales between the Chevrolet and GMC brands. If you add the Chevrolet Silverado and the GMC Sierra together they outsell the F-Series by over 100,000 units.

Exactly, and the only real difference between GMC and Chevy trucks is a few body parts and interior pieces/options….
20   HeadSet   2025 Mar 10, 7:53pm  

ForcedTQ says

Exactly, and the only real difference between GMC and Chevy trucks is a few body parts and interior pieces/options….

Same assembly line as well.
21   WookieMan   2025 Mar 10, 8:20pm  

socal2 says

Considering that every other maker of EV's are losing money on every EV they make, Tesla is doing very well despite margin drops in the last year as they continue scaling their factories and building the world's largest AI supercomputer.

I don't want to see EV's fail, but you run into market saturation AND grid saturation AND motor fuel tax funds falling short to drive the thing on the roads.

EV bust is going to cost us a lot of money. It's already has. People can mention 30% YOY increases but that's coming from a low bar. The vast majority of people don't want an EV. Don't work well in cold weather. Can't tow anything meaningful, even the CT.

I don't know a single person out of probably 1-2k people that are even contemplating an EV. They will run 200k miles no problem. The market is going to crumble unless you have cash or constantly want a lease or car payment. Hells no.

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