- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Car Sales Are Slipping Into Recession-Level Decline
Posted on 6/13/19 at 2:41 pm
Posted on 6/13/19 at 2:41 pm
quote:
May was another bad month for automakers as demand in the U.S. and China—the world’s two biggest car markets—continued to slip. One analysis claimed the sustained decline in the auto industry is reaching a level that hasn’t been seen since the recession, which are not good words for anybody except all of you still hoarding Geo Metros.
quote:
Global light vehicle sales fell 7% in May, dragged down by a 16% decline in the Chinese market and stagnation in the U.S. and Europe, research firm LMC Automotive said in a report. “The global automotive industry is enduring a sustained downturn not seen since the Great Recession,” the report said.?
LINK
Maybe they should stop making every vehicle cost 40k or more?
48
Posted on 6/13/19 at 2:42 pm to CarolinaGamecock99
quote:
Maybe they should stop making every vehicle cost 40k or more?
That is exactly what will happen. Prices will drop.
Posted on 6/13/19 at 2:42 pm to CarolinaGamecock99
quote:
Maybe they should stop making every vehicle cost 40k or more
Aint much on a 96 month note @ 7.4%.
Posted on 6/13/19 at 2:45 pm to TDsngumbo
Are there really people taking 96 month loans? 
Posted on 6/13/19 at 2:46 pm to CarolinaGamecock99
It ain't helping them that cars last 4-5 times longer than they did 30 years ago. People are willing to commit to longer loans when they can keep a car longer and buying new cars every couple of years is seen as someone with poor financial sense by many more people now.
Posted on 6/13/19 at 2:47 pm to CarolinaGamecock99
quote:
Are there really people taking 96 month loans?
I saw a 240 month note on a boat
Posted on 6/13/19 at 2:47 pm to CarolinaGamecock99
quote:
Car Sales Are Slipping Into Recession-Level Decline
They semi screwed up by making cars much better than say the 80s and 90s. With the rising costs of vehicles and their guaranteed fast depreciation, people are hanging onto perfectly functioning cars for 10+ years.
Posted on 6/13/19 at 2:47 pm to CarolinaGamecock99
quote:
Are there really people taking 96 month loans?
You gotta go 96 months out just to make the note affordable on a $40,000 car.
Posted on 6/13/19 at 2:50 pm to Obtuse1
quote:
It ain't helping them that cars last 4-5 times longer than they did 30 years ago.
I think you mean the loans, instead of the cars. Everyone
likes a new car, especially when you finsih paying off one. I think a lot of folks just don't feel right, unless they have a car payment. But when you now stretch out these car loans to 5, 6, 7 years, instead of the old standard 4 year car loans, you get what you get now.
Further, when more features have been required, like back up cameras, etc. the base costs will climb as well.
Posted on 6/13/19 at 2:50 pm to GumboPot
quote:
That is exactly what will happen. Prices will drop.
And that's how it's supposed to work.
And the whole "slipping into recession-level decline" can be misleading. They are still making money, just not as much.. But with the cost of vehicles rising like they have, they should have known those numbers were not sustainable.
Posted on 6/13/19 at 2:50 pm to CarolinaGamecock99
2008 Silverado. shite yeah
Posted on 6/13/19 at 2:50 pm to CarolinaGamecock99
quote:
Are there really people taking 96 month loans?
Longer term loans are pretty common now. 6 year loans are probably what most people do these days.
Posted on 6/13/19 at 2:52 pm to CarolinaGamecock99
Avg car note people pay in the states is like 550/month I think.
Posted on 6/13/19 at 2:52 pm to CarolinaGamecock99
I'm about to drop 30 grand in cash on a car at the end of this year... I've been waiting for the 19 models to phase out so I can get a sweet deal
but
This is what I'm noticing too... also, the Chevy 1500s ltz hd or whatever the shite it's called... 55k??
I blame the people before me paying those kind of prices causing the overpriced cars.
2019 subuaro outback sport.. 4 cylnder 175 hp for 31k?
but
quote:
Maybe they should stop making every vehicle cost 40k or more?
This is what I'm noticing too... also, the Chevy 1500s ltz hd or whatever the shite it's called... 55k??
I blame the people before me paying those kind of prices causing the overpriced cars.
2019 subuaro outback sport.. 4 cylnder 175 hp for 31k?
Posted on 6/13/19 at 2:53 pm to GetCocky11
Cars are absurdly expensive, last longer than ever, and the market place is as competitive as ever.
Firms like Subaru, Kia and Hyundai are rapidly taking market share and those cars last a long time with long warranties (subaru warranty is average though).
Firms like Subaru, Kia and Hyundai are rapidly taking market share and those cars last a long time with long warranties (subaru warranty is average though).
Posted on 6/13/19 at 2:54 pm to Codythetiger
quote:
This is what I'm noticing too... also, the Chevy 1500s ltz hd or whatever the shite it's called... 55k??
They don't start at $55k, and that's just the sticker. (Basically) No one pays sticker on domestic full size trucks.
Posted on 6/13/19 at 2:54 pm to Codythetiger
quote:
2019 subuaro outback sport.. 4 cylnder 175 hp for 31k?
Will last 15+ years if you just do simple maintenance.
Posted on 6/13/19 at 2:54 pm to CarolinaGamecock99
Auto market is like 20 yrs over due for a correction.
shite is retarded.
shite is retarded.
Posted on 6/13/19 at 2:55 pm to Areddishfish
quote:
With the rising costs of vehicles and their guaranteed fast depreciation, people are hanging onto perfectly functioning cars for 10+ years.
This is us. I own two vehicles. One is nearly 20 years old and the other is over ten years old. Nothing wrong with either. Until repair cost and reliability become an issue I am not getting a new vehicle.
Posted on 6/13/19 at 2:55 pm to 19
Ford has gotten stupid with their truck prices.
Page 1 of 11
Popular
Back to top
Follow TigerDroppings for LSU Football News