I think we have a buyer for the Corvette I mentioned earlier.
Any thoughts on the market for my ancient G37?
I can go get offers from Carvana and look at comps on the usual sites, but I haven’t checked what it’s worth in a very long time, so I’d have no way of knowing if there is a temporary value spike or not.
Instinct tells me that the market will be no more excited for this vehicle now than it was six months ago.
From article - “For Bilto, who was laid off in March, and his fiancé Sabrina Moller, 28, a private chef, a car (Jeep Gladiator that cost $48k) seemed a safer option to travel around during the virus outbreak. Most importantly the truck’s purchase is a business expense for the couple to support their new boutique mobile catering venture, platedate.”
There is just so much wrong with this paragraph.
FCA loaned a couple starting a new business $40k+ for seven years at 0% APR (this fact is stated in article). Seems like FCA is staying afloat by writing enormously risky loans. Also, starting a new catering business is expensive, can’t imagine the couple will need extra business expenses in the next few years. Finally, what they are doing seems to be of questionable legality since it seems like they also intend to use vehicle for personal use.
A brand new Gladiator for a catering business? SMH
Could have gotten a new Transit Connect or similar for half that… or even less if used.
Just to top it off, have you ever seen an urban catering business using a pick up truck? No because an open bed is a terrible way to transport food/equipment. You want the big flexible covered space a transit connect or similar van provides. Alas, cheap money and bad decisions.
Or a brand new Model X for $80K. 
But now many dealerships are running low on inventory as auto makers ramp up output after several weeks of factory downtime. Deals are drying up as car companies spend less on cash-back offers and pull back on attractive seven-year financing deals that brought customers to dealer lots during the pandemic.
…
Since hitting record highs in early May, company-sponsored discounts have fallen nearly 13%, according to J.D. Power.
Sec. 179? Food service with a truck open bed is basically suicide, take it from someone who’s sent a cake off in the back of an Escalade and a f150 while dying inside as they don’t tie it down.
We’re actually looking into 168 or 179 for the MX.
I know 179 works for sure, best of luck though, long range raven I presume? Or are you full sending with a raven perf?
From yahoo finance this morning. Nissan, BMW and Infiniti… Ouch
Mazda and Honda did well by comparison
"Sales of Japan-based auto bigwigs Toyota TM, Honda HMC and Nissan NSANY recorded a year-over-year plunge of 34.6%, 15.5% and 49.5%, respectively. Overall, Nissan and Infiniti’s car sales dropped 61% year over year, and truck sales were down 41% from the second quarter of 2019. Sales of Nissan’s electric Leaf and Versa models took a severe beating, both declining 68% year over year. Honda fared better than closest peers.
Other Japan-based carmakers including Mazda Corp, Subaru and Mitsubishi witnessed year-over-year sales decline of 9.6%, 25% and 58%, respectively.
German auto giant Volkswagen VWAGY reported a 29% decline in sales volumes. Volkswagen’s Porsche reported second-quarter sales of 12,192 vehicles, down 19.9% year over year.
Overall sales of BMW AG BAMXF fell around 40% year over year in the second quarter. While BMW’s 2-series, 8-series and X1 models witnessed huge sales gains year over year, they could not prevent the overall bleeding."
GM -34& and FCA -39%
Meanwhile:
“Tesla’s deliveries fell by just 4.8% from the same quarter last year even as auto sales the world over, and especially in the U.S., slumped during the quarter after Covid-19 outbreaks led to health restrictions on households, travel and businesses, mass layoffs and wage cuts.”
Regarding BMW, I had not noticed.
More importantly, the dealers also seem not to have noticed and are claiming “tight inventory”
I can assure you it’s not a conspiracy.
The Covid-19 pandemic has dinged the auto sector, but one part of the industry is faring better than it was before the crisis: used cars.
Sales of used vehicles in the U.S. have roared back after dropping 38% in April, when states were shut down and some dealerships were forced to close. In June, used-vehicle sales rose 17% above the pre-pandemic forecasts, according to research firm J.D. Power.
A confluence of factors is drawing buyers to the used-car lot. Some have used federal stimulus checks on their purchases, dealers and analysts say. Interest rates have fallen during the pandemic, to about 4.73% on average for a 36-month used-car loan, from about 5% in early March, according to Bankrate.com
You should have enclosed this in quotes. And it is too smart to be coming from you, anyway
The used car squeeze feels short lived due to stimulus checks, $600 wk/ unemployment and lack of trade-ins durng March-May.
Those that need a high quality car to commute vs. taking mass transportation will be a short term blip. Likely offset by those that won’t need 2-3+ family cars since they will be working from home for an extended period.
Im in los angeles. Is anyone else finding that dealerships are completely unmotivated to sell or lease cars these days? My lease ends this month and Mercedes, BMW, and Volvo are giving me down right stupid numbers on the cars I’m looking at - almost like they want me to walk away. I thought that after the shut down came to an end and these dealerships started to open up they would be desperate to move cars off their lots. But that’s not what I am finding out. Any feedback?
Cars im looking at are (36 mos. 10k miles):
2020 Mercedes GLE with amg package
2020 Volvo S60 T6 R-DESIGN
2020 BMW 540 M-packge
Thanks!