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re: New car lots as a a bellwether for the economy
Posted on 10/18/26 at 12:27 pm to Shimoda
Posted on 10/18/26 at 12:27 pm to Shimoda
quote:
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.
My wife and I just noticed this driving down Airline to go to Costco. One dealer lot had trucks and SUVs overflowing into their grassy areas.
Posted on 10/18/26 at 12:28 pm to SlowFlowPro
quote:
I don't support Democrats and I didn't support Trump's policies in 2020 that caused massive inflation and screwed up our economy,
Trump’s policies or did you conveniently forget the$2 Trillion required to rescue the Covid shut down economy?
February 2020 was Peak US economy in case you don’t remember. My guess is you purposely don’t remember.
This post was edited on 10/18/26 at 12:29 pm
Posted on 10/18/26 at 12:31 pm to cubsfan5150
quote:
U.S. new-vehicle sales in September 2026 reached 1,326,341 units (up 4.8% year-over-year), with a seasonally adjusted annual rate (SAAR) of 16.0 million units/year
And it's still projected to end the year 1.6% below last year. The light vehicle SAAR is about 3.6% below last year.
The last 2 months sucked slightly less than last year, but the year overall has been worse. Even if your trend sticks, it likely won't result in year-over-year increase.
Posted on 10/18/26 at 12:33 pm to Meauxjeaux
quote:
Trump’s policies or did you conveniently forget the$2 Trillion required to rescue the Covid shut down economy?
It can be both. Also, who was President during the initial COVID outbreak?
Posted on 10/18/26 at 12:34 pm to Meauxjeaux
quote:
February 2020 was Peak US economy
Economies trend upwards long-term. More at 6:00.
Posted on 10/18/26 at 12:35 pm to notiger1997
Ask around mfer. I have been boat shopping and trying to sell a house bitch. It’s not a secret dumb arse, read more, if you can.
Posted on 10/18/26 at 12:40 pm to Shimoda
New cars are much more expensive than they used to be, and, in general, not built as well.
Certainly, the inflationary economy has an effect, but consumers are also speaking with their wallets.
We are also seeing the results of the "EV bandwagon" many manufacturers jumped on several years ago resulting in EV's sitting on lots that many people don't want to buy.
Certainly, the inflationary economy has an effect, but consumers are also speaking with their wallets.
We are also seeing the results of the "EV bandwagon" many manufacturers jumped on several years ago resulting in EV's sitting on lots that many people don't want to buy.
Posted on 10/18/26 at 12:40 pm to Shimoda
quote:
And it's still projected to end the year 1.6% below last year.
Thanks. So people are buying new cars. At nearly the same rate as last year and surpassing all other post-pandemic years.
Posted on 10/18/26 at 12:49 pm to Shimoda
Legacy auto will be dead in 20 years. Can’t wait for companies like slate and REO to come in and offer simplistic vehicles that go from A to B for half the price of an f150. If Chinese automakers were allowed to sell here they’d already be dead
Posted on 10/18/26 at 12:53 pm to Ziippy
No one is suffering. Look around yourself. Everyone has it good. Can’t afford a brand new car, guess you will need to keep your two year old car with 30000 miles on it.
Posted on 10/18/26 at 12:58 pm to Meauxjeaux
quote:
Thanks, Biden. Trumps doing what he can…
Biden sucked and trump is being cucked.
Both are arse.
Posted on 10/18/26 at 1:01 pm to AndyJ
quote:
Windshields cost $800 on these vehicles (because of the safety sensors)
Funny you should mention that. Where does the camera alignment (safety sensors) requirement come from (half the cost of the replacement, which I did ten days ago?) Oh, daddy government. You can never be too safe, until it involves thousands of people in the Houston metro driving around with giant cracks in their field of vision, because they can't afford to replace the glass.
Posted on 10/18/26 at 1:04 pm to SlowFlowPro
quote:
The high rates should have caused prices to decrease more than they have
It's a push and pull; high rates cause people to not buy but also not sell, keeping the market from saturating.
Posted on 10/18/26 at 1:12 pm to TutHillTiger
quote:
TutHillTiger
Are you ok?
Posted on 10/18/26 at 1:19 pm to Ziippy
quote:
Sales are up.
For September. Your chart shows them down significantly in March, April, and August.
Posted on 10/18/26 at 1:50 pm to Shimoda
quote:
For September. Your chart shows them down significantly in March, April, and August.
So if a car lot is empty, that’s an indicator of a good economy? That’s an indicator of major supply and logistical issues to me.
If I walked into a grocery store and the shelves were 20% empty, that’s a problem. If I walk into them full, that’s a positive.
Posted on 10/18/26 at 2:05 pm to udtiger
quote:Accurate. But this reality doesn’t drive his agenda as well
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 affected 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 2:11 pm to Shimoda
What a retarded post.
Posted on 10/18/26 at 2:20 pm to AndyJ
quote:
dryer costs $600 minimum (more after installation) and will last maybe 4 years.
While I agree with the general message of your post, what the hell are you doing with your dryer? A dryer should last longer than 4 years. If you learn to do some maintenance and repair yourself they will last much longer. Especially the cheaper ones on the 600/below range. They are much simpler and easier to work on.
We all talk about how things don’t last like they used to. In part that is true. There is a difference in quality and things aren’t as heavy dity as they once were. But another factor is that people have stopped repairing their things, opting instead to replace them in many cases. Our parents and grandparents fixed things until they couldn’t be fixed anymore. That’s part of why things lasted longer. Yes, repairs are also more expensive but for the vast majority of home repairs, all you need is YouTube and basic tools and sometimes a helper to hold something in place. I’ve saved probably in the tens of thousands fixing things myself between reduced repair costs and not immediately replacing something that was repairable.
ETA: the above is related more to the home aspect of the post I was responding to. With modern cars, your ability to repair/replace items may be limited. Although I have had pretty good luck on some things. But they make it very difficult.
This post was edited on 10/18/26 at 2:23 pm
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