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Started By
Message
re: Car dealers have so much backlog, some 2022s are "new"
Posted on 12/2/23 at 6:18 pm to SlowFlowPro
Posted on 12/2/23 at 6:18 pm to SlowFlowPro
$60k for a Jeep?
This post was edited on 12/2/23 at 6:24 pm
0
Posted on 12/2/23 at 6:22 pm to SlowFlowPro
quote:
The typical American consumer is way overextended and underwater in debt.
What’s a typical American?
Posted on 12/2/23 at 6:59 pm to SlowFlowPro
quote:That's not a very fulsome question. Without low rates and QE from 2010 - 2015ish, we might have had a deflationary non-recovery which could have been pretty nasty.
Without low interest and QE would prices be higher or lower?
Post 2020? Yes, prices would be lower.
Although I should still point out that REAL, median household net worth is up 37% since 2019. IOW, maybe no reason to be super concerned about "prices".
Posted on 12/2/23 at 7:16 pm to el Gaucho
quote:
Really sad how many people around here would rather support the Chinese and drive a soyota over a real American Chevy or Jeep
Never buy a Detroit vehicle ever again. Korean, Japanese, or German for the win.
Posted on 12/2/23 at 7:33 pm to SlowFlowPro
quote:
Car dealers have so much backlog, some 2022s are "new"
I thought it was just electric vehicles that were having trouble selling.
Missed the memo.
Posted on 12/2/23 at 7:35 pm to SlowFlowPro
$57,000 for a two year old Silverado. 
These manufacturers can get fricked with these prices.
These manufacturers can get fricked with these prices.
Posted on 12/2/23 at 7:44 pm to el Gaucho
Posted on 12/2/23 at 7:46 pm to Big Scrub TX
quote:
Without low rates and QE from 2010 - 2015ish, we might have had a deflationary
So you agree we relied on inflation, since this necessary deflation did not occur.
quote:
I should still point out that REAL, median household net worth is up 37% since 2019.
Fueled by stock and housing bubbles due to Covid policies.
Posted on 12/2/23 at 8:07 pm to SlowFlowPro
Go to cargurus and search for trucks, especially ram and ford. Prices are being slashed bigtime right now. Things are correcting.
Posted on 12/2/23 at 8:29 pm to SlowFlowPro
quote:I would call it disinflation.
So you agree we relied on inflation, since this necessary deflation did not occur.
quote:In part. In particular, I'm much less sure on the stock side of things than I was six months ago. I mean, for sure stocks are not in a "bubble".
Fueled by stock and housing bubbles due to Covid policies.
Posted on 12/2/23 at 8:43 pm to SlowFlowPro
It’s not a matter of if, but when the failure companies like GM go bankrupt again. Dipshits keep buying their overpriced crap and bragging about getting raped.
Posted on 12/2/23 at 9:40 pm to SlowFlowPro
quote:
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
I recently got an email from the refi lending company I have used twice in the past that had the subject line of “why it makes sense to refi a 3% mortgage to a 8%”
It was all about consolidating $60K 18-20% credit card debt into the note and paying on it for 30 years.
Made me thankful my 3% mortgage is our only debt.
Posted on 12/2/23 at 9:59 pm to Hookah
They aren't.
He's wrong.
ETA: even his OP is wrong, he picked some outliers to try yo make a flawed point.
That said, supply is catching with demand, albeit slowly.
He's wrong.
ETA: even his OP is wrong, he picked some outliers to try yo make a flawed point.
That said, supply is catching with demand, albeit slowly.
This post was edited on 12/2/23 at 10:03 pm
Posted on 12/2/23 at 10:22 pm to N2cars
quote:
ETA: even his OP is wrong, he picked some outliers to try yo make a flawed point.
Outliers? I named what I was looking for specifically.
Give me any zip code and I'll find similar models.
quote:
They aren't.
Look up the exploding consumer debt and issues with paying for essentials like homes and cars.
The only people who try to argue against this typically are involved in an industry named (auto/RE industries primarily).
Posted on 12/2/23 at 11:13 pm to SlowFlowPro
quote:
Look up the exploding consumer debt and issues with paying for essentials like homes and cars. The only people who try to argue against this typically are involved in an industry named (auto/RE industries primarily).
That family with regards to that specific scenario is not your typical American..
Posted on 12/2/23 at 11:19 pm to SlowFlowPro
quote:
Fueled by stock and housing
Historically the main sources of net worth
Posted on 12/2/23 at 11:22 pm to Hookah
quote:
Historically the main sources of net worth
Bubbles?
You left out a key word
Posted on 12/3/23 at 4:33 am to SlowFlowPro
quote:
Outliers? I named what I was looking for specifically.
My apologies. Those you're looking for do have tons of inventory.
Popular models are still a bit tight, for the most part.
Posted on 12/3/23 at 4:55 am to lsu xman
quote:
All while stock market is at an all time high. Fueled by govnt spending and driving up the national debt
Echo of the past.
Posted on 12/3/23 at 5:03 am to SlowFlowPro
quote:
This reminds me of 2007-2008 where the math just doesn't make sense anymore.
But Biden assured me that the economy has never been better! I believe his dementia’d arse
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