New car sales dip.

[Saltwater60]

U.S. car sales at 'recessionary levels,' as inflation, rising interest rate concerns increase, RBC says

Inflation, rising interest rates concerns join supply chain challenges in hurting auto sales.

www.marketwatch.com

 

[Blimey]

I follow this fairly closely because I am a degenerate, serial car leaser.

So much is a continued dearth of availability. Most cars are literally not available without ordering. A “good deal” now is considered ordering @ MSRP without a “market adjustment”.

carmax near me is selling a two year old rav4 hybrid @ the msrp of a new one (same trim).

I bought out our lease-end Toyota in 2016 for $17k with 45k miles. Sold it at carmax this week with 125k miles for $12k

recession seems highly likely to me.

 

[Cooolone]

My 2020 can sell for pretty near sticker!

But sales dip may be more a supply issue than lack of purchasing!

The Uber popular Ford Bronco has thousands of them sitting in lots because the lack of chips! Preventing the completion of the vehicles for delivery. But they've assembled everything but the missing electronics. Good stuff, lol.

The smart guys are shifting to manufacturing their own chips but it will still take time. Hyundai I think is doing this and others, like BMW loaded up on chips a while back. But nobody is immune!

It's really funny though, this supposed recovered economy with an inflation on fire, has no factory workers, no raw material supplies, no way to transport, no dock workers, etc. Where the fuck did everyone go?

Trump was ahead of his time! If only a decade earlier he had control and was able to bring all the manufacturers back to the U.S., wow! Hahahaha

Anyways... I'm gonna keep my 2020 because it doesn't have a BAC tube installed yet! Lmao!

Fuck Brandon!

 

[Saltwater60]

Just bought a new Subaru Crosstrek and it was at MSRP. I tried to get $800 and he said no. I said I’m a recent college grad don’t you give $500 off for that. He said I can’t give you a penny off the car best I can do is three oil changes and three tire rotations for free. I said ok because I know many are marking it up.
we looked at a 2019 civic that was $21,600 base model not a single option. MSRP on a new one is $22,500 so I said what’s the price for a new one? They wouldn’t even talk to me about buying a new one.
I then went to Subaru and the used 2019 was $23,700 for the base premium trim. I think that’s what they sell for new so I said no order me a new one, they couldn’t. I was ready to walk and the salesmen said have you thought about the Crosstrek? So we looked at a premium with no additional accessories used because they had no new ones. The used one was $27,000 and we bought a new one for $24,799. A new one was cheaper than a used one so I asked why? He said we have it and if you need it you’ll pay the mark up. I said I won’t and I don’t need it now so I’ll take new. This was a month ago.

 

[dwa12479]

When there's no new cars available to sell, sales will usually dip...

 

[Saltwater60]

When there's no new cars available to sell, sales will usually dip...

I agree but it seems like it’s more than that from the article. It’s financing, inflation and interest rates from what the article stated.

 

[dwa12479]

I agree but it seems like it’s more than that from the article. It’s financing, inflation and interest rates from what the article stated.

Yep. Theres definitely a multitude of factors.

 

[99cummins]

I think part of it is people are starting run out of money. Getting harder and harder to make those payments every month. But I still know people that finance every fucking thing they can and just care about making those monthly payments.

 

[Saltwater60]

I think part of it is people are starting run out of money. Getting harder and harder to make those payments every month. But I still know people that finance every fucking thing they can and just care about making those monthly payments.

This. And wait a few years say 3-5 years when people paid $15,000-$18,000 for cars with 150,000 miles on them and they can’t afford to fix them. What then? People wanted to finance me 7 years on a used car. No freaking way.

 

[MothMan]

My “10” DODGE Ram is heading in for inspection, has leaky tranny pan, poor rear brakes, tie rods ends loose. I’m smiling on the way to the bank.

 

[Stuckinny]

Next week I pick up the lease buyout we grabbed. 21300 after tax, blue book is about 28k right now. Loaded Chevy SUV with 11k miles. And my parents filled the tank!

 

[meketrefe]

Cars are overrated, overpriced and mostly expensive pos that fall apart. No many good reliable cars fairly priced anymore.