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Started By
Message
Car dealers have so much backlog, some 2022s are "new"
Posted on 12/2/23 at 8:17 am
Posted on 12/2/23 at 8:17 am
You can use this LINK to search by make, model, time on lot, etc. and look in your area.
I'm looking 200 miles from 70601 and found some "new" 2022s
2022 Jeep Grand Cherokee
Days on market: 396
Miles: 25
Price: $67,455
2022 Jeep Grand Cherokee
Days on market: 396
Miles: 13
Price: $59,830
2022 Jeep Grand Cherkoee Overland
Days on market: 396
Miles: 8
Price: $59,830
2022 Chevy Silverado
Days on market: 324
Miles: 0
Price: $50,035
2022 Chevy Silverado
Days on market: 275
Miles: 27
Price: $57,495
etc etc
There isn't enough demand for rental cars to have those markets save these dealers.
I watched a video a few days ago about homeowners being forced to refi their 2-3% mortgages to 8%+ mortgages because they couldn't qualify for a HELOC and could not consolidate their debt. This is due to high CC payments and .... car payments. Repos are exploding.
This reminds me of 2007-2008 where the math just doesn't make sense anymore.
I'm looking 200 miles from 70601 and found some "new" 2022s
2022 Jeep Grand Cherokee
Days on market: 396
Miles: 25
Price: $67,455
2022 Jeep Grand Cherokee
Days on market: 396
Miles: 13
Price: $59,830
2022 Jeep Grand Cherkoee Overland
Days on market: 396
Miles: 8
Price: $59,830
2022 Chevy Silverado
Days on market: 324
Miles: 0
Price: $50,035
2022 Chevy Silverado
Days on market: 275
Miles: 27
Price: $57,495
etc etc
There isn't enough demand for rental cars to have those markets save these dealers.
I watched a video a few days ago about homeowners being forced to refi their 2-3% mortgages to 8%+ mortgages because they couldn't qualify for a HELOC and could not consolidate their debt. This is due to high CC payments and .... car payments. Repos are exploding.
This reminds me of 2007-2008 where the math just doesn't make sense anymore.
This post was edited on 12/2/23 at 8:34 am
45
Posted on 12/2/23 at 8:19 am to SlowFlowPro
Really sad how many people around here would rather support the Chinese and drive a soyota over a real American Chevy or Jeep
Posted on 12/2/23 at 8:19 am to SlowFlowPro
Was reading how the higher interest rates and tighter lending has really hurt all the car companies, but especially Nissan and Stellantis.
This post was edited on 12/2/23 at 8:21 am
Posted on 12/2/23 at 8:20 am to dewster
Weird. There was no stock to buy anything two years ago.
Posted on 12/2/23 at 8:20 am to SlowFlowPro
This is where everyone who is poor on the OT fronts and talks about how their cars are paid off and they’ll drive their 2015 into the ground before buying new.
Our 2015 4Runner is long paid off and we’re going to drive it into the ground. Who is paying these prices?!
Our 2015 4Runner is long paid off and we’re going to drive it into the ground. Who is paying these prices?!
Posted on 12/2/23 at 8:22 am to SlowFlowPro
At one point the Grand Cherokee had a 500+ day market supply.
Buying a 2 year-old new car is a terrible idea, unless you get a super deal.
Buying a 2 year-old new car is a terrible idea, unless you get a super deal.
Posted on 12/2/23 at 8:22 am to SlowFlowPro
I wonder why they don't sharply cut the prices? At some point just cut your losses and move on.
Posted on 12/2/23 at 8:23 am to CaptainsWafer
…
This post was edited on 12/4/23 at 10:01 am
Posted on 12/2/23 at 8:24 am to SlowFlowPro
Sounds like inventories have returned to pre-covid.
Posted on 12/2/23 at 8:25 am to el Gaucho
quote:
real American Chevy or Jeep
They could start by not being overpriced garbage.
Posted on 12/2/23 at 8:28 am to ninthward
quote:
Should we give more money to Ukraine?
Posted on 12/2/23 at 8:28 am to ninthward
It’s not supporting China or Japan it’s the fact that America auto industry screwed themselves
It’s called reliability and American cars have failed that metric
It’s called reliability and American cars have failed that metric
Posted on 12/2/23 at 8:29 am to CaptainsWafer
quote:
This is where everyone who is poor on the OT fronts and talks about how their cars are paid off and they’ll drive their 2015 into the ground before buying new.
I have a little left on my Genesis that I was going to pay off but when interest rates flipped it doesn't make sense to do it anymore.
I can put that money in a CD and come out ahead.
Posted on 12/2/23 at 8:30 am to fallguy_1978
quote:
I wonder why they don't sharply cut the prices?
That's the multi-Trillion dollar question, but not just limited to "new" cars.
Posted on 12/2/23 at 8:30 am to SlowFlowPro
quote:
about homeowners being forced
Being forced?
Posted on 12/2/23 at 8:31 am to el Gaucho
quote:
support the Chinese and drive a soyota
Posted on 12/2/23 at 8:31 am to CaptainsWafer
quote:
This is where everyone who is poor on the OT fronts and talks about how their cars are paid off and they’ll drive their 2015 into the ground before buying new
We aren't rich by any means, but my wife and I are in the top 20% of household income in the US. I'd never pay 50k+ for a vehicle much less 65k for a damn Jeep Cherokee
Posted on 12/2/23 at 8:32 am to CaptainsWafer
quote:
This is where everyone who is poor on the OT fronts and talks about how their cars are paid off and they’ll drive their 2015 into the ground before buying new.
Not poor. Will drive my 2013 Silverado into the ground. I just don’t like any of the new trucks enough to buy one at the current prices.
Posted on 12/2/23 at 8:32 am to ninthward
quote:
Should we give more money to Ukraine?
Sadly, that’s our government’s answer to any problem.
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