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re: I can’t help but think a lot of people driving newer cars with upside down loans

Posted on 5/8/24 at 6:06 pm to
Posted by fallguy_1978
Best States #50
Member since Feb 2018
50182 posts
Posted on 5/8/24 at 6:06 pm to
I can't believe that sales haven't fallen off of a cliff.
Posted by beerJeep
Louisiana
Member since Nov 2016
35745 posts
Posted on 5/8/24 at 6:36 pm to
quote:

I can't believe that sales haven't fallen off of a cliff.


Put it on credik.
Posted by jcaz
Laffy
Member since Aug 2014
16567 posts
Posted on 5/8/24 at 7:11 pm to
quote:

I can't believe that sales haven't fallen off of a cliff.

Toyota sales probably won’t ever have this problem. You want a Jeep or Nissan? They got plenty
Posted by TopWaterTiger
Lake Charles, LA
Member since May 2006
10469 posts
Posted on 5/8/24 at 7:13 pm to
quote:

can't believe that sales haven't fallen off of a cliff.


I agree. $80-100k for a new Ford Truck is absolutely insane.
Posted by DesScorp
Alabama
Member since Sep 2017
7224 posts
Posted on 5/8/24 at 7:38 pm to
quote:


I can't believe that sales haven't fallen off of a cliff.


If we could buy cheaper cars that aren't laden with a bunch government-mandated crap, there would be more competition and more affordable cars.
Posted by rltiger
Metairie
Member since Oct 2004
1023 posts
Posted on 5/9/24 at 6:33 am to
quote:

I can't believe that sales haven't fallen off of a cliff.


For the most part cars aren’t impulse buys, they are a necessity.

Cars today don't last as long so new cars are replacing the ones going out of service. More drivers are added every year, which lead to more wrecks, higher repair costs lead to more cars being totaled, Government loans are re- directed to new car sales. They will always be a thriving new car market.

Thats why car dealership owners are very wealthy.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
8817 posts
Posted on 5/9/24 at 6:40 am to
quote:


I can't believe that sales haven't fallen off of a cliff.


Me neither but apparently just the opposite is true...I heard this morning that Nissan sales were up 90% over last year which was the best year they had ever had. I know a man who has had a F250 on order for about a month and was told it would be 5-6 months. It is crazy.

I think it has a LOT to do with people feeling like the economy is in the dumper. They have bought or they trying to buy way more vehicle than they can afford and when it hits their personal pocketbook they cast about for something other than their own poor decision making. It applies to homes also...and even little items like that morning coffee or lunch. Living withing one's means is a big part of being happy but most people find doing so unpleasant......
Posted by jizzle6609
Houston
Member since Jul 2009
6233 posts
Posted on 5/9/24 at 6:45 am to
quote:

I can't believe that sales haven't fallen off of a cliff.


People care far too much about what they drive.

Most sacrifice a nicer home for a nice depreciable car with high maintenance costs.

Such sound finance practices they display.
Posted by Tempratt
Member since Oct 2013
13966 posts
Posted on 5/9/24 at 9:13 am to
I can't believe we're still allowed to own private automobiles.

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