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RussellCattle

(1,780 posts)

3. It's true, but hard to understand. The dealers are sitting on (and paying loan interest on) enormous numbers of new....

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Nov 18, 2024, 07:55 PM

Nov 18

......cars on their lots. In some cases the country has three to four hundred days supply of some models on the dealer lots and the factories are faced with shut downs or ponying up for more rebates. Tough business to be in today, just ask Stellantis.

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Highlight:

If you haven't been car shopping in a while, brace yourself [View all] Yo_Mama_Been_Loggin Nov 18 OP

Just wait until they start the tariffs - TBF Nov 18 #1

I'll keep my Chevy Spark wryter2000 Nov 18 #2

I love my old Pontiac Vibe. Ars Longa Nov 18 #10

I miss my Pontiac Vibe so much!! SunSeeker Nov 18 #31

It's true, but hard to understand. The dealers are sitting on (and paying loan interest on) enormous numbers of new.... RussellCattle Nov 18 #3

Auto makers provide them because Americans buy them. About 70% of the cars Scrivener7 Nov 18 #4

Bought one about 6 months ago MichMan Nov 18 #5

20% inflation since 2020, a $55k car becomes a $65k car Fiendish Thingy Nov 18 #6

Starter cars like starter homes seem to be a thing of the past. nt Phoenix61 Nov 18 #7

They call them "used cars" MichMan Nov 18 #14

Haven't bought a new one The Madcap Nov 18 #30

I was shopping for another one today, as a matter of fact. flying_wahini Nov 18 #8

viral videos ask people to share their monthly car payments: $700, $900, $1000 are common BlueWaveNeverEnd Nov 18 #9

Yeah, we had to buy a car last year Mariana Nov 18 #11

*gets around on my pedal bike* sakabatou Nov 18 #12

I am willing to pay more for no tech KentuckyWoman Nov 18 #13

u can get a camera installed for probably under $500 nt msongs Nov 18 #22

I have never owned a brand new car. Prairie_Seagull Nov 19 #49

Get a Buick Investa Avalon. True Blue American Nov 19 #60

They don't want everyone to be able to buy a new car. Mosby Nov 18 #15

Why wouldn't the manufacturers want more people buying new cars? MichMan Nov 18 #16

Good luck with that The Madcap Nov 18 #32

What a brilliant move it was to sell out our machine tool industry to China. BlueTsunami2018 Nov 18 #17

I got my car in the low $30,000's in May with the EV discounts Polybius Nov 18 #18

both the prices and MIX of inventory is awful -- but look at what Asia has done that we can emulate cadoman Nov 18 #19

As some who has been in China/Taiwan since th 90's. This is a welcome change. OAITW r.2.0 Nov 18 #27

I live in Hsinchu, Taiwan. AlanAdam Nov 19 #46

They won't meet US crash and safety regulations MichMan Nov 18 #33

The appropriate question is why they went all-in on expensive cars. Igel Nov 18 #20

low end nissan rogue is $30K nt msongs Nov 18 #21

Patience, there may be deals during the Trump recession. surfered Nov 18 #23

There won't be a Trump recession. Yavin4 Nov 19 #42

there are lots of new cards in the low $20k range still. Paying $50k is definetly a choice Takket Nov 18 #24

The 2024 Testosterone Shitwagon - Coming Soon To A Dealership Near YOU!!!!! hatrack Nov 18 #25

Bought a 2018 Ram 4x4 1500 in 2021, coming off lease. OAITW r.2.0 Nov 18 #26

I remember back in the '40's and '60's... calguy Nov 18 #28

FWIW, this report says the average new car costs 9 months wages Bluetus Nov 18 #29

I always buy used. Xolodno Nov 19 #34

I've only purchased a new vehicle once in my life Kaleva Nov 19 #35

Well, what were people expecting? Blue_Tires Nov 19 #36

"The more they charge for a car, the more money they make off it." Blue_Tires Nov 19 #37

And we ask why we lost JI7 Nov 19 #38

I bought a used car in 2020 soandso Nov 19 #39

I have to buy a new one Meowmee Nov 19 #40

No better proof that the whole economic anxiety argument was bullshit Yavin4 Nov 19 #41

Yes!!!!! This, this, this, a thousand times!!!! Scrivener7 Nov 19 #44

I don't buy a car unless my car dies and it's too costly to fix. kerry-is-my-prez Nov 19 #43

If all customers would quit buying them for a few months Emile Nov 19 #45

Millions and millions are employed in the auto sector. My state would likely see an economic collapse MichMan Nov 20 #66

That's how much power the consumer has, thanks Emile Nov 20 #67

Surprised to see people here hoping for unemployment, and foreclosures MichMan Nov 20 #68

Tell that to the predatory capitalists jacking up prices. Emile Nov 20 #69

Yes, but a base model KIA Soul is still about $20K MineralMan Nov 19 #47

Kias are apparently easy to hotwire Yo_Mama_Been_Loggin Nov 19 #50

Some were, yes. MineralMan Nov 19 #51

They have corrected that in the new models obamanut2012 Nov 19 #52

Just bought a new car about 6 months ago when True Blue American Nov 19 #58

Korean cars like your Soul and Trax are often cheaper n/t MichMan Nov 20 #64

Yes, they are. MineralMan Nov 20 #65

I bought a new car once in the mid 'eighties. hunter Nov 19 #48

People are buying expensive cars PennRalphie Nov 19 #53

Carmax people underpants Nov 19 #54

I'll never get buying new Johnny2X2X Nov 19 #55

Jinx! cilla4progress Nov 19 #57

And they depreciate by about 50% when you drive off the lot! cilla4progress Nov 19 #56

If you think the vehicle is expensive genxlib Nov 19 #59

I work form home and bought berksdem Nov 19 #61

My 2002 Tacoma has been in the shop maybe twice sky_masterson Nov 20 #73

LOL! berksdem Nov 20 #74

I wish I could buy a Toyota HiLux Champ mudpuddle Nov 19 #62

Now that none of us can afford to own a home. Basso8vb Nov 19 #63

I'm going to be up schitt's creek in 1.5 years ecstatic Nov 20 #70

I'll stick with my 2002 Toyota Tacoma sky_masterson Nov 20 #71

Looks like people are spending way beyond their means. alcuno Nov 20 #72