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New car lots as a a bellwether for the economy
Posted on 10/18/26 at 9:09 am
Posted on 10/18/26 at 9:09 am
For the last 6 years, car lots have been half-empty as dealers couldn't get inventory from the manufacturers. Go drive around today and most of the lots are absolutely overflowing with new vehicles. People are absolutely not buying new cars.
When you couple this with houses sitting on the market for longer, the economy is in way worse shape that we realize. Inflation is keeping spending high, but it is only being spent on necessities.
When you couple this with houses sitting on the market for longer, the economy is in way worse shape that we realize. Inflation is keeping spending high, but it is only being spent on necessities.
This post was edited on 10/18/26 at 9:10 am
Posted on 10/18/26 at 9:11 am to Shimoda
quote:
New car prices as a a bellwether for the economy
Posted on 10/18/26 at 9:14 am to shutterspeed
People not paying inflated prices is the reason, regardless the economy.
Posted on 10/18/26 at 9:19 am to Shimoda
quote:
the economy is in way worse shape that we realize.
Car dealers are charging retarded prices for new cars, many of which have serious issues (GM 6.2L truck engines, Toyota truck engines, Ford...everything). There's a reason used car markets are on fire.
Housing is being effected by rates, not necessaily prices - both in the buying and sales end. I have a 2.375% with under 10 years left. Only way I will move is if I can sell for high enough I can pay cash for the next house.
Posted on 10/18/26 at 9:21 am to Shimoda
New car lots are far from economic bellwethers. Some more unique (and accurate) bellwethers to review are cosmetic sales, underwear for men, and snack purchases.
Posted on 10/18/26 at 9:22 am to Shimoda
The average new car price is $50,000
Imaging spending that much of your hard earned money to ride around in a Toyota
Imaging spending that much of your hard earned money to ride around in a Toyota
Posted on 10/18/26 at 9:31 am to Shimoda
quote:
For the last 6 years, car lots have been half-empty as dealers couldn't get inventory from the manufacturers.
I’m assuming you weren’t around during this thing called covid? And no one considers the Biden era a strong economy.
Posted on 10/18/26 at 9:36 am to Shimoda
People always talk about being able to afford houses or even car prices. But even if you hit the threshold to buy these, maintaining them is unbelievably expensive
Windshields cost $800 on these vehicles (because of the safety sensors), new acs and installation cost $7500, dryer costs $600 minimum (more after installation) and will last maybe 4 years.
Even if housing prices come down, I do not think most people can afford to be homeowners
We are all going to rent our appliances (this has been floated before). $20/ month for your fridge. At least when it breaks you do not have to buy a new one… granted all your food is now bad. But you will never own a thing
Windshields cost $800 on these vehicles (because of the safety sensors), new acs and installation cost $7500, dryer costs $600 minimum (more after installation) and will last maybe 4 years.
Even if housing prices come down, I do not think most people can afford to be homeowners
We are all going to rent our appliances (this has been floated before). $20/ month for your fridge. At least when it breaks you do not have to buy a new one… granted all your food is now bad. But you will never own a thing
Posted on 10/18/26 at 9:45 am to Shimoda
Just came here to say that I like the word "bellwether".. it's right up there with "harbinger".. Solid words, that dont get used often enough .
And I like the cut of your jib .
And I like the cut of your jib .
Posted on 10/18/26 at 9:46 am to shutterspeed
quote:
New car prices
Are not independent of the rest of the economy
Posted on 10/18/26 at 9:47 am to Shimoda
quote:
People are absolutely not buying new cars.
As they shouldn’t. People need to wise up and force these unrealistic prices down.
Posted on 10/18/26 at 9:47 am to Shimoda
Thanks, Biden.
Trumps doing what he can…
Trumps doing what he can…
This post was edited on 10/18/26 at 9:48 am
Posted on 10/18/26 at 9:49 am to BugAC
quote:
I’m assuming you weren’t around during this thing called covid? And no one considers the Biden era a strong economy
What's your point? COVID absolutely caused the major supply chain disruptions that have been playing out.
That said, car lots were still sparsely populated this time last year. I couldn't find a single F150 Powerboost in the Baton Rouge metro area, and now suddenly they're running out of lot space
Posted on 10/18/26 at 9:50 am to Meauxjeaux
quote:
Thanks, Biden.
Trumps doing what he can…
"Cuck me harder, daddy"
Posted on 10/18/26 at 9:53 am to Shimoda
All I see in the school drop off lines are new sequoias, Tahoe, and expeditions
Posted on 10/18/26 at 10:24 am to Shimoda
quote:
Are not independent of the rest of the economy
But also not exclusive to it.
Posted on 10/18/26 at 10:26 am to udtiger
quote:
Housing is being effected by rates, not necessaily prices
It's both. The high rates should have caused prices to decrease more than they have, like with all other inflated goods.
Posted on 10/18/26 at 10:28 am to Meauxjeaux
quote:
Thanks, Biden.
Trumps doing what he can…
Posted on 10/18/26 at 10:39 am to Shimoda
quote:
People are absolutely not buying new cars.
We will be celebrating my dad’s birthday later today. There will be at least 8 vehicles there less than 6 months old.
The model year overlap has a lot to do with what you’re seeing.
New car sales are up 3.1% year over a year for Q3. Pretty sure you don’t know what you’re talking about.
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