The Retail Automotive MELTDOWN has begun...Updated with links

Thank you, OP!
Great info.
We will be in the market for a new or slightly used car - not EV - soon and can really use your info.

A crashing automotive sector is one of the big factors that finally kicked the 2008 recession off. Automotive impacts countless other industries if it's not performing well.

evs are sitting on the lot, rotting.

Project Ginger or Project I.T.?

No, it is, The Thing and that's Michael Jackson's IT.

And yet they want to build battery pants all over US. WTAF.

HOGWASH

DENIAL

How so?

It’s a short term forecast anyway, we shall see sooooon…..

Says the autodealer reptilian salesperson. The only phylum of reptilian asswipes worse are realtors

"NdA" on internet forums my a$$.

:bs:

I've been waiting for this.

Leather seats and sunroof here I come.

IDK. The best deals in the market for both houses and autos is January and February.

pants?

An EV truck is strictly a rich mans toy, a third or forth vehicle for blue collar wealth that can absorb the loss via write offs and exspenses, a Rancher or well to do Farmer. Over all they are the second scam of the century, covid being the first scam.

I have no idea why anyone would go all electric when you can buy a hybrid.

PPI just dropped the most since COVID when everything shut down so let that sink in. A leading indicator of the economy is fuel consumption which has also dropped 24% yoy so let that sink in. The corrupt media can say whatever they want about the fake economy being great but the fact is the organic American economy is fucked.

We're going into a recession and you can thank the Bidenomic lies for that.

woowhoo! I'll be able to get an overpriced POS truck for 75k instead of 100K!

when you charge 100k for a 30k vehicle shit happens duh

It certainly is. I’ve been waiting for this to buy a new car.

we already know the official response to an
automotive crash...

Cash For Clunkers!

FedGov will hand out money like candy and retire
all vehicles over 15 years old.

.

In 2007, I got a 45K VW Touareg, for 38K and 0% interest on a 6yr loan (although I only financed 15K) but I got it because the lot was overflowing and they did not have the color I wanted with the features I wanted. They agreed to reduce the price to 42K, thinking I was gonna accept a not blue one and I changed my mind at the very last minute and so they said there was no blue ones anything. The next day, I found 2 in my state, one less than 20min from that dealership. I had told them I was going to have the original dealership get it from them and they offered to give it to me 40K. Told them I would be there the following day. The next morning, I got a call from original dealership and they said they had located one but it was going to be 44K, lowest possible. They said it was coming from a nearby state. So, I knew the one I had found for 40K night not be there the next weekend so I told them to get the one they found.

Then I got a conscious and called the dealership of the one I had found and told them that the original dealer had one on the way and I really did not want to do that to them since they were the ones who had spent so much time trying to help me. They then said we can let it go for 39.5K lowest possible. THEN I did a really unintentional smart thing with no forethought, I called the original dealer when the vehicle told them not to go get the one in the other state but they said "too late, it will be here in 15min". I told them I felt bad but the other dealership had offered 39.5K, a full 5.5K lower, and I sent that offer to them in writing. They were stuck and I had proof of the offer and they just wanted to get rid of me and get the car off their lot and offered it to me for 38.5K and 0% interest. Sooo, I told them if they were willing to do that my husband would be the VW he had been eyeballing and my son bought the one he had looked at if they would give both of them 0% interest and they did..but only a few grand knocked off the price of those vehicles. But still, felt like we got a great deal.

Not bad for a ditzy red-head...not great for either dealership but I got to see how it works. I played the game without knowing I was playing the game and that is why it worked to my advantage. Not sure I would do that with intent, lol! But maybe I will try in Feb cause I need a new car. thanks for the info OP.

Wonder what interest will be like now...seems that the house and car prices will fall but interest rates will make up the difference so rather than the company getting the money, the banks will?

Schweeeeet.....I'm in the market for a new SUV for next year .....Got cash, what's your best price?....

I'll wait a long time!

I am literally having my coffee break Inside a major manufacturing plant in Canada. Would prefer not to give the name but we build automated robotic cells for tier one automotive companies. Not ten feet away is the cell that makes the battery tray for a very well known truck. Last week my crew and I started building this cell. Today we are taking it apart. The company we are building it for has put it on hold for a year. That usually suggests it will be canceled. EV are not working in Canada. Especially with our cold weather. Our customer used US taxpayer money to build this cell. Easily $100 grand already spent on just the bases, a couple of material handlers and some assorted parts.
EV will most certainly not be the answer.
Ok break is over and I will be continued to start tearing this cell back down. Crazy times.

And that includes all the added features that you really do not need but get charged for as it is in the "standard package" price. Lets get real and start making diesel trucks that do not need to add processed piss to run. Watched a vid of a heavy wrecker getting a fill up and it hit him for > $500.

"used cars will plummet even further...." Are you retarded or something?

Used vehicles right now are expensive as F. Basically so much so you might as well buy new if you can.

They have techno'ed up and qualitied down new vehicles to the point that they are rolling piles of disposable plastic junk that is cheaper to replace than to repair. And they are far from cheap to replace. 50K for a Tacoma? I will just keep my old 2003 Superduty until the engine conks out. Then I will replace the engine.

I saw what looked like a brand new GMC Pick up out in front of a dealership with big block letter on the side

$16,000.00 off. or maybe it was $26,000.00

Good. Been trying to buy a car for a year now and there's no way I am going to spend that much on used junk. They're selling garbage cars (200,000+ miles, 10+ years old) for prices that shock the mind. A new truck is only for millionaires.

VW JETTA / NISSAN SENTRA ~$17,000 BRAND NEW IN 2021

NOW THEY WANT ~$24,000+ IN 2023

THAT'S 40% INFLATION RIGHT THERE!