Good insight. Side note: this guy was a lot better when he stuck to industry content instead of trying to be funny running off topic.
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Always lurking - I’ve run dry on leases since I got in on the E-tron deals last year…BRING ME MY HELLCAT $600 LEASES BACK!!! I swear I’ll pay the $5 a gallon…
Cox automotive released a report a couple weeks back and it was excellent showing the months supply is lagging hardcore still compared to used car supply. We’re about 1/3 of where we should be currently and I don’t think manufacturers are ramping up anymore because they got fat off the profits of making such few cars with crazy trims and options…
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Dealers making bank not the manufacturer
Record profits for dealers
Manufacturers will strike back with heavy volume soon
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This. Invoice is still invoice and while there may have been some price hikes (often with more standard equipment in my experience) I’m actually surprised it wasn’t worse.
Manufacturers are also making record profits. They use give thousands of $ incentives. Now it’s basically zero
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Basically they are holding inventory back to keep up prices and profits per unit. They’ve been wanting to do go to the model where you order a car and pay msrp, and covid gave them an excuse. But sooner or later, one of the big 3 will start pumping out vehicles getting a bunch of market share, and everyone will jump on board. For example, right now Ram is advertising a pickup at 400 a month with no money down, that’ll make things interesting
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That’s not what I’ve been seeing with a cursory glance at inventory. They want to build and sell every copy to keep up marketshare, and they know us Americans like new shiny baubles every so often to keep us motivated. 
As for the Ram truck. If it’s a National ad, you’ll just have to get through the dealers 4 square smokescreen to cut through the BS.
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Except there is a middle man Called the dealer - those ADMs don’t go to the manufacturer lol
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You’re exactly right. I’m sure during the Covid car crisis there was a gentlemen’s agreement about this. Corporate greed is hard to curtail though. Some CEO will want a bigger bonus at the end of the year and will want more sales. He’ll break that agreement amongst the big automakers and then the flood gates will open as before. They will all eventually get rid of the middleman (dealers) as I’ve predicted in other posts but that will take a while. Don’t worry boys… very soon the market will be a lessee’s market again.
Not when rates are 7-10%
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Hate to say it but at our level of inflation they really need to be in the mid teens or better.
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Sounds optimistic
my guess is you won’t ever see them again, let alone 2 years from now. Inflation killed any chance of that happening, along with manufacturers realizing they don’t have to produce the same amount of cars for people to continue to buy them.
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Never happen. Then people wouldn’t invest in their casino of a stock market. Imagine putting a 2 mill nest egg into a 15% annual return. Would be amazing, can’t reward the savers.
All the revolving debt out there would also default at rates much higher then now, including the national debt.
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Maybe if you have terrible credit. The new car purchase loan for a 45k auto for 60 months is as low as 3.9 now. Best Car Loan Rates of September 2022
Lease rates are already into the 7s on some brands…tier 1. My comment was referring to this
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Add on price increases due to demand and inflation and it’s a really tough market. For example $45K used to get you a very well equipped JGC Limited pre-pandemic (pre-incentive too) and now that same vehicle is likely $55K. Add in the interest rate increases and you have some scary monthly payments for a mid-range car.
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18 posts were merged into an existing topic: Off Topic Landfill 5
Fudge… and my $125 is only 18 months… May be I get to extend upto 6. But I don’t want to go back into the market with these stats…
Tesla auto pilot on a straight freeway is very confident