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

No Easy car loans and no income

appearantly if you go to Mehico you can buy a new Toyota truck for $10,000

That 6.0l, for some, once you fix a couple issues, fuel pump, rail, etc. is a great engine.

I still have a 97 Crew Cab 4x4 LB 7.3l. It is a damn tank. I inherited it with only 58k miles on it last year.

It rides like shit, noisy as hell, but it is a solid truck

Mine was the last of the 7.3l. People offer to buy it for cash routinely. Not for sale!

Might be worth looking into! I live about 4 hours from the border.

Toyota was right all along on this one. They limit their EV push to primarily Lexus (Luxury EXport to US).

I've seen a LOT of youtube trader vids saying exactly this.

They're also reporting that even luxury brands like Porsche are once again dropping £20k+ off new cars because people just aren't buying.

This is what happens when you spook people SO MUCH about a major societal crash that they just bunker down.

They did this to themselves. This is developing into a negative acceleration cycle.

If they don't stop pushing these agendas on people so hard they're going to find the apparatus of their technocratic empire collapses before they get a chance to implement it.

I've said it before when the crash comes even Blackrok won't have enough money to bail all these companies out.

You can still get car loans without too much trouble, though the interest rates are higher. Key driver is that people have less money due to overall inflation, meaning they try to keep their cars longer.

if sales are falling, the dealerships will have
to jack prices even higher to compensate.

It's not about being spooked. Apart from doomers on GLP, most people go about their lives with normalcy bias. It's just that inflation has been eating into their income big time.

buy now or pay $30k in 2024.

Just came back from Longo Toyota/Lexus in greater Los Angeles area. They are quite possibly the largest Toyota dealer in the country.

They are awash with cars. You can get $10k off a new NX Plug in Hybrid without even asking.

Last year, you had to beg to be on the waiting list.

A $65k brand new Lexus is now $55k and soon to be $50k by early next year. Don't believe me? Just check their website and you will see 1200 new Lexus for sale...

Which only works a short amount of time when all the retards buy the overpriced cars. Problem is that all the retards have already bought their overpriced cars.

The only solution to survive is to lower the prices, a lot.

You're probably right

They will just jack service prices instead which would also kill them.

I've been both. I used to love to work with clowns like you. Wiped the floor with them. Would go in the back office and high five everyone on how much money we made off your types.

70% of Americans still don't understand inflation.

but you will.

.

I had battery pants once.
Nice & warm in winter

Used 4 'D' cells ... placed in an obscene location.

What part of the US are you in?

Incentives are regionally based and higher where sales are slower.

How is the coming winter weather going to affect EV battery capacity when its sitting in the cold? The pendulum is reversing.

I've been following Small SUV prices in my area in Ohio for the last six months. There hasn't been any decline here.

Admittedly...Ohio is known as a strange state that is less prone to price swings. house prices probably rose less than half here than they have in other parts of the country.

i'm wondering if there is geographic data tied to car prices?

I still don't understand how this is going to work in Europe. About 60% of the population live in apartments - are they gonna have cables hanging out over every balcony dropping down to the street, running 500 yards down the road to the first parking space they could find..

It's ridiculously impractical unless you have a nice personal garage and a driveway.

This is indeed starting to happen. I bought a brand new Audi A6 for $14k under sticker in a major city where the market shouldn’t be so quickly impacted. That was two months ago.

Most of the cobalt needed to manufacture EV batteries is mined by child labor in the congo (DRC). Child labor is being utilized in cobalt mines in the Democratic Republic of the Congo to meet the demand for EV vehicles.

This young children will be LOSING THEIR JOBS! How will these children survive if auto manufacturers slow EV production? How will these children support their families? What else can 8, 9 and 10 year olds do for work?

Biden must do something, or these kids will be unemployed and not able to work 80 hours a week! Biden should mandate that every American turn in their gas cars and purchase EV vehicles now so these children will not lose thier jobs.

Yep, inflation in things to keep your car running. Such as tires, maintenance, car insurance, wear and tear, and other unexpected shit.

Those costs add up especially when inflation is running hot, which PREVENTS people from buying new cars because those costs, especially INSURANCE, run much much higher than an old car.

Therefore, because of insurance, people cannot afford to buy new cars.

I guess you will get it too!

Looking at smaller SUVs like Jeeps Compass/Renegade.

Let's say a MSRP of a 2022 Jeep was 26-28K. Used with miles on them they are still asking 22-24K. Before Biden, a two year old used car with 30K on it would be down over 30% in two years.

Thanks for the heads up OP

When I left the business, a base Jetta S in 2019 was $18,545. This was the redesigned model, so the old 2.0 base was no longer available. Of course, that new price tag was nearly impossible to find, as it was also a stick with zero factory or port options. You can get the same Unicorn today for $22,500.

but only for a month longer