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[RoidRage]

well inflation and shortages of cars will most likely get worse now the Fed is printing another 300bil to pay off student loans. What will those population possibly go buy with money they got? cars.

Give it a few months, once repos hit critical mass $10K off your student loans for those making under $124K wont really drive up demand vs. supply.

Repos + interest rate burden will outpace any student loans debt relief, esp with how much rent has increased in the last 6 months.

We just need greedy landlords to keep rocketing up their ask and demand will slowly crumble.

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[Tickle]

Very Interesting because just yesterday the executive vice president of Business and Sales for American Honda is literally on record saying "We're hopeful that the worst is behind us" which paints a completely different narrative lol. Maybe he didn't get the memo

Acura Says "The Worst Is Behind Us" and Preps for All-Electric Future

This is the same old song.

Honda told the dealer body in the US that it will open up in the fall. Obviously we all saw the Shanghai lockdown. They simply need to look elsewhere or at least diversify where they source raw material.

 

[Boostlag]

Give it a few months, once repos hit critical mass $10K off your student loans for those making under $124K wont really drive up demand vs. supply.

Repos + interest rate burden will outpace any student loans debt relief, esp with how much rent has increased in the last 6 months.

We just need greedy landlords to keep rocketing up their ask and demand will slowly crumble.

nah, gov will just give car loan forgiveness.

 

[RoidRage]

nah, gov will just give car loan forgiveness.

LMAO, wouldn't that be a sight to behold.

 

[Z3N]

Yeah I don't think he got the memo lol. Article also doesn't elaborate on that quote, so it really just sounds like a "hope" more than anything.

Exactly right. Less supply means a rougher road ahead folks.
Wishing each of you the best of luck

 

[RoidRage]

Good watch if you want a pulse on Repos/Banks/Dealerships in this economic climate.

 

[tuhroo]

nah, gov will just give car loan forgiveness.

i'm down with this

 

[mbaapk]

Good watch if you want a pulse on Repos/Banks/Dealerships in this economic climate.

Caught her off guard at 53:20 lol

 

[Z3N]

Good watch if you want a pulse on Repos/Banks/Dealerships in this economic climate.

Interesting...great watch; glad this is getting exposed more.

When we live in a time where you walk into a dealership and show interest in a car, proceed to explain you'd like to wisely pay cash or finance a smaller portion of the car, then receive less interest from that dealer to sell to you because so...it's time to stop and rethink the purchase decision and the relationship between the dealer and the consumer. Support your local dealers and those with reasonable pricing and let the dealer with the 10-20k markup "take it in the ass" once the market comes back down.

Dealerships have way less skin in this than buyers folks - those "high value" cars cost them nothing when they sit on them and sell them to you at high markups through a used market that they manipulate and inflate with their no-risk money they get from the banks. At the end of the day, all that risk gets transferred to you. They've already closed the sale, pocketed the earnings, and moved on to the next auction and resale at stupid high prices. I like what he says, "you can always replace the car, but you can't replace the consumer." This is the right way to do it; good for us, good for them.

That said, his part about chip shortage is misleading - there is a real chip shortage and it is indeed affecting manufacturing output. The Corvette PCM module example he gives is only one example that is a modern chip; there are many other chips as well as capacitors, power regulators, circuitry, etc. that go into a car; they were hit hard from COVID and Ukraine. These parts are needed to make the powered windows, dash button electronics, powered seats, etc. for the car. Many of the factories that make these, not the big semiconductor manufacturers like TMC in Taiwan he mentions, don't make these; the smaller factories do and they have either closed down or running at record-low capacity.

Best of luck and wise car buying to us all!

 

[Z3N]

Caught her off guard at 53:20 lol

I wish the camera didn't pan away from her after he said it..would have loved to see more of her reaction

 

[Tickle]

Interesting...great watch; glad this is getting exposed more.

When we live in a time where you walk into a dealership and show interest in a car, proceed to explain you'd like to wisely pay cash or finance a smaller portion of the car, then receive less interest from that dealer to sell to you because so...it's time to stop and rethink the purchase decision and the relationship between the dealer and the consumer. Support your local dealers and those with reasonable pricing and let the dealer with the 10-20k markup "take it in the ass" once the market comes back down.

Dealerships have way less skin in this than buyers folks - those "high value" cars cost them nothing when they sit on them and sell them to you at high markups through a used market that they manipulate and inflate with their no-risk money they get from the banks. At the end of the day, all that risk gets transferred to you. They've already closed the sale, pocketed the earnings, and moved on to the next auction and resale at stupid high prices. I like what he says, "you can always replace the car, but you can't replace the consumer." This is the right way to do it; good for us, good for them.

That said, his part about chip shortage is misleading - there is a real chip shortage and it is indeed affecting manufacturing output. The Corvette PCM module example he gives is only one example that is a modern chip; there are many other chips as well as capacitors, power regulators, circuitry, etc. that go into a car; they were hit hard from COVID and Ukraine. These parts are needed to make the powered windows, dash button electronics, powered seats, etc. for the car. Many of the factories that make these, not the big semiconductor manufacturers like TMC in Taiwan he mentions, don't make these; the smaller factories do and they have either closed down or running at record-low capacity.

Best of luck and wise car buying to us all!

Plenty of scum dealers out there. It sucks to reward them and I understand that.

The problem is that if the the market returns to a race to the bottom... It's the mega dealers that do this stuff that everyone looks to buy from. A customer over the Internet will drive 200 miles away to save $200 on the front end of a car deal. It's absolutely their right to do so...

Customers are often just as shitty as the dealers are.

 

[Tickle]

Very Interesting because just yesterday the executive vice president of Business and Sales for American Honda is literally on record saying "We're hopeful that the worst is behind us" which paints a completely different narrative lol. Maybe he didn't get the memo

Acura Says "The Worst Is Behind Us" and Preps for All-Electric Future

https://jp.reuters.com/article/hond...tent&utm_medium=trueAnthem&utm_source=twitter

 

[Z3N]

Sucks. Lower supply is not a good thing...for anyone :/

 

[encarnacionb]

Not sure if anyone seen black yet.

 

[Boostlag]

Black looks great for like 24 hours… they look amazing washed and waxed but unless you wash every week and garage it, it looks like shit more than not.

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