tag:blogger.com,1999:blog-2992740250270600844.post457229783203744428..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: Auto Price War Ahead, Lower Prices Coming Soon!Bruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2992740250270600844.post-85483059473304677682016-04-10T07:44:59.782-07:002016-04-10T07:44:59.782-07:00Sales to dealers for inventory is counted as a &qu...Sales to dealers for inventory is counted as a "wholesale" sale, not a "retail / fleet" sale that is traditionally reported in the industry sales figures. Some manufacturers "punch" sales to inflate their retail numbers (BMW, I'm looking at you), but they are an exception, not the rule. El Katzhttps://www.blogger.com/profile/01668973025455657223noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-38781083478786583852016-02-26T09:45:06.806-08:002016-02-26T09:45:06.806-08:00Thanks for the article, it's corroborated with...Thanks for the article, it's corroborated with lots of facts. <br /><br />There are many places where NEW but unsold cars are being parked. I used to pass such a car park filled with Mercedes years ago. Others reported Citroens and Peugeots standing on an unused air field...<br /><br />ATM, Mercedes is offering 0% financing. they must be running scared. That's a huge change in Germany for this brand. Previously, only foreign low end brands made such offers...Kf6vcihttps://www.blogger.com/profile/00237723712133505775noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-57094449036527674672015-11-18T06:46:02.457-08:002015-11-18T06:46:02.457-08:00Chazz - You're right it could go at anytime!!!...Chazz - You're right it could go at anytime!!!<br /><br />BW - Maybe we are. It could blow up today as I really have no pulse on the backside of things just what I see going on at the dealership I work for. Talking to the salesmen only nets me their constant upbeat "it will go on forever" opinion. Understandable since their livelihood depends on it.<br /><br />One thing though I will point out is that the trade in value of a used car is subjective. They don't admit it but they really only give you what they need to and that is worked into the car you are buying more than anything else. New buyers go in armed with blue book value and then think they are getting a deal but in fact would have probably gotten the same same deal without a trade in if they were paying cash or able to get their own loan unassisted by the dealership. At least half of the actual trade in cars usually get sold as is, moved to auction or scraped. Most of the used cars I see anyway and transport are actually rental cars the big companies are getting rid of.<br />PioneerPreppyhttps://www.blogger.com/profile/09269878017447335944noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-18029154203169928642015-11-17T21:03:33.505-08:002015-11-17T21:03:33.505-08:00Its all a matter of when, not if. We all agree on ... Its all a matter of when, not if. We all agree on that, but timing is notoriously tricky. The bogosity of this economy is there for anyone to see who really is interested in looking. I can't help but see it, and it is deeply disturbing, but I have to remember that opportunity lurks. Cheaper stocks, cheaper cars ect. We all have to try to dodge or deal with the downside of this drunken orgy as best we can. Good luck to everyone.chazzhttps://www.blogger.com/profile/11039483494805931221noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-1381028050562875702015-11-17T19:43:22.589-08:002015-11-17T19:43:22.589-08:00You make some valid points, but I think we are far...You make some valid points, but I think we are farther down the curve than you realize. Time will tell. Bruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-76436833925463094252015-11-17T16:15:05.699-08:002015-11-17T16:15:05.699-08:00I can attest that anyone can get a zero down auto ...I can attest that anyone can get a zero down auto loan these days. I have seen who has been buying the cars. I doubt the glut of used vehicles coming into the market will have as much impact as you think just yet though. The used v. new customers are almost in two separate worlds to be honest and the ones who only buy new although getting older are still doing well.It's going to take a serious market hit that effects pension payouts before the new car market sinks much.<br /><br />As far as the used market goes well that's a racket in and of itself. Those auction places only sell to dealers and give some incredible deals to the larger dealers and any savings rarely make it down to the buyers.<br /><br />Ultimately this is going to go the way of the housing market before we see a bust in it. The dealers are selling third party loans which I am betting are being bundled just like the subprime home loans were and sold to investors. It won't be until enough of those loans go into default that it will have any effect on the market because the salesmen will always find a way to get the cars off the lot. It's going to have to take a hit so hard it shuts down the financiers before it will effect the dealerships. Right now the salesmen are selling candy to a diabetic and there is almost no limit on the deals they can make to move the product.<br /><br />Believe me I see it almost everyday and know the sales side of the industry pretty well.<br />PioneerPreppyhttps://www.blogger.com/profile/09269878017447335944noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-52369390457345724962015-11-17T08:24:56.691-08:002015-11-17T08:24:56.691-08:00I believe that the whole sales report is kind of m...I believe that the whole sales report is kind of messed up because I saw somewhere (hope I am correct) that when a car was transferred to the dealer, I suppose the dealer buys it from the factory, those transfers now are counted as sold. So all of those cars that are now crammed in every dealer's lot are actually counted as being a sold car. So if this is correct, the sales are pushed forward in time but in reality there is a huge lag as it may take a year for them to be unloaded or leased. It is like a dam being placed on the stream and all is well until they can't sell them, then the dam busts when the 2016s roll in on top of existing inventory. Nobody sees the huge lake of cars since they are officially sold. Sunnybrook Farmhttps://www.blogger.com/profile/18135224259672444423noreply@blogger.com