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re: Drove by a concentration of new car dealerships today
Posted on 3/15/09 at 12:54 pm to mouton
Posted on 3/15/09 at 12:54 pm to mouton
quote:
you think its to much.....dont buy it.
And that is precisely what I'm doing.
The problem is that car prices are not following the laws of supply and demand. I'm sure you read the thread about new cars being warehoused in Calif. That's an attempt to keep them off the market. Those cars are not going to suddenly be valuable compared to the cost of manufacturing when they are taken out two years from now. The only alternative would be to destroy them. That's not going to recoup cost of manufacturing either.
0
Posted on 3/15/09 at 12:59 pm to basiletiger
quote:
For you "know it all's" who say the deals aren't good right now you obviously don't know the market.
I know what the prices have been in NW La. and there are no significant cuts in price over the last 12 months. I've also talked to 20 other people in the last year who are in the market for a new car and 19 have chosen not to buy because of no price decreases.
The one who did, my neighbor, did not buy from a dealer. He bought direct from the manufacturer and had one of those big arse car carrying trucks take it to his house. I had to get out and help the truck driver back that sucker out of our narrow residential street.
Edit: I've been on 8 lots in the last 6 months. Each time I was the only customer on the lot.
This post was edited on 3/15/09 at 1:01 pm
Posted on 3/15/09 at 1:30 pm to Zach
What are you talking about?? In the past few months chevy, ford, and dodge have offered rebates around ten grand on their trucks...
Posted on 3/15/09 at 1:56 pm to mouton
quote:
What are you talking about?? In the past few months chevy, ford, and dodge have offered rebates around ten grand on their trucks...
Was this complimented with a jack up in MSRP? Serious question.
This post was edited on 3/15/09 at 1:57 pm
Posted on 3/15/09 at 2:03 pm to LSUtoOmaha
no
Posted on 3/15/09 at 2:31 pm to mouton
quote:
In the past few months chevy, ford, and dodge have offered rebates around ten grand on their trucks...
I'm not interested in a truck. Haven't looked at any of their prices.
Posted on 3/15/09 at 2:33 pm to Zach
ive seen a lot of big rebates on cars also....Are you referring to a lack of manufacturer rebates or to a lack of dealer discounts??
Posted on 3/15/09 at 2:41 pm to mouton
I'm referring to what the sales manager says I have to pay to drive it off the lot.
Posted on 3/15/09 at 3:27 pm to Zach
What if what said sales manager told you was a hundred bucks over cost??? Should he have went lower?
Posted on 3/15/09 at 3:29 pm to mouton
Yes. If the alternative is destroying the vehicle which is what will happen if every car built in 08 has to be sold above cost. Cause that won't happen.
Posted on 3/15/09 at 3:32 pm to Zach
That has nothing to do with a local dealership losing money on a car. Now i can see your beef with the manufacturers not offer a larger rebate but with the sales manager at a local dealership not so much.
Posted on 3/15/09 at 3:52 pm to mouton
Correct. My beef is with the manufacturers. I really think they are expecting bailouts to save their asses.
Serious question. If there was no bailout and the recession continues would manufacturers reduce the prices of the cars built in 08 (09 models) to below cost of production? If not, do you really think all of those cars are going to sell before 2010 models come out? If not, what do they do with the cars?
They sure can't sell them to rental companies because they're asking for bailouts, too.
BTW, have enjoyed our discussion here.
Serious question. If there was no bailout and the recession continues would manufacturers reduce the prices of the cars built in 08 (09 models) to below cost of production? If not, do you really think all of those cars are going to sell before 2010 models come out? If not, what do they do with the cars?
They sure can't sell them to rental companies because they're asking for bailouts, too.
BTW, have enjoyed our discussion here.
Posted on 3/15/09 at 4:01 pm to Zach
Im sure they would write them off as a loss....
Posted on 3/15/09 at 4:17 pm to mouton
What does that mean in terms of what happens to the actual cars?
Posted on 3/15/09 at 4:19 pm to mouton
I know very little about inventory is managed in the car business, but it would appear to me that the car companies could raise tons of cash if they were willing to liquidate their inventory like other business do. I'm talking 50%+ off.
Posted on 3/15/09 at 4:23 pm to ForeLSU
And you would imagine that the costs of keeping unsold inventory would be sky-high for cal dealerships.
Posted on 3/15/09 at 4:25 pm to Cold Cous Cous
im sure they are dancing a fine line.. do something like a liquidation and everybody buys.. then the new models come in and no one wants to pay those prices again.. people just decide to wait for another big sale..
Posted on 3/15/09 at 4:26 pm to ForeLSU
sounds to me like they need to just forego 09 / 2010 model years altogether and sell off their existing inventory over the next few years...see how the UAW likes that
Posted on 3/15/09 at 4:26 pm to Xenophon
Good point. Plus liquidation prices is a good way to piss off customers who just paid $30K for a vehicle 3 months ago; now his neighbor pays $20K.
Posted on 3/15/09 at 4:28 pm to Xenophon
What i mean the manufacturers would have offered larger than normal rebates to sell aged new inventories to the point that they were being sold at a lost which they would write off.
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