Car Buying: Will The "New Normal" Be "Normal" Forever?

I hope they were okay.
How did the Forte hold up safety wise?

 

There are definitely deals to be had now. Even the Civic Type R which at one point were going for $10-25K a few months ago, more and more are being sold at MSRP.

 

My local dealers all have ads boasting about how much inventory, new and used, they have on their lots

 

You can't afford NOT to buy our $100,000 pick em' up trucks!

 

Fixed that for ya

 

Seems everyone’s playing chicken or staring contest right now.
New dealers aren’t moving inventory but refuse to lower the prices too much waiting for interests to come down, because of that there’s no used cars going to the auction and hitting the used car lots. With no inventory used car dealerships aren’t budging on prices much either. Why sell lower when they can’t get a replacement vehicle to fill the empty spot.

wonder who’s gonna blink first?

 

I test drove a new F150 about 18 months ago. And the dealer wanted $10k over MSRP.

I just bought a 2022 F150 with 11k miles for about $15k less than the best new truck deal I could negotiate (which was about $8k less than MSRP.

The market for trucks certainly seems to have changed massively in the last 18 months.

Having said that, I've been trying to buy 2021+ RSV4, and most sellers are trying to get almost as much as a new bike. I think these sellers are going to realize the market is going to drop further.

 

Not sure what area you're in, but we have new inventory and are moving it at a high rate. The used market is being destroyed by the major wall street dealers gobbling up all the inventory and losing money on them. Blame Carvana, Auto Nation and the rest of those clowns paying over invoice for late model units and selling them for a loss. Carvana is a giant ponzi scheme that will eventually collapse. You can only operate in the red for so long.

 

Really...tell that to a group of people south of Richmond.

 

You mean north of Richmond?

 

Yeah...those folks...

 

The rich men?

 

Hey, apologies for the late response, Brett.

Daughter was unharmed, just shaken up. As mentioned, car took quite a bit of damage (fender, bumper, rh front quarter panel, radiator, coolant bottle, etc). My guess, since she didn't know, was she was going about 10-15mph when she hit a curb and then tree. The air-bag(s) did not go off.

 

Now they're boasting they have the largest inventory in the PNW, and offering interest rates (as low as) 2.3 and zero percent.

I'm sure you need a 850 credit score and pay MSRP to qualify.

 

That would make a good hook for a song.

 

But only if you're 5'2" 300lbs, and make bullshit pay.

 

Different people, ha. The dude making bullshit pay for overtime is buying the fudge rounds for the 5'3 300lb'er

 

Let us not forget auto repossessions are at a 30yr high

 

Is that 30 year high in sheer numbers or a percentage of vehicles? More vehicles on the road will always lead to new records of that kind of thing if you are just talking about the number instead of a percentage.

 

Really? You want to try to parse this as though the…

You know. It’s not worth it. I don’t give a shit about getting banned, but some people try too fucking hard to deny reality.