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New Car Inventory
Posted on 8/27/22 at 10:32 pm
Posted on 8/27/22 at 10:32 pm
Anyone else notice a slight increase in new cars on dealership lots? Seems like the local dealerships are actually able to offer at least a small selection lately.
9
Posted on 8/27/22 at 10:35 pm to Blink_Jared
Recession coming quick
Posted on 8/27/22 at 10:42 pm to Blink_Jared
I actually noticed this today. Really small Ford dealer that would have 3-5 cars on the lot had about 15. Wasn't all new cars but still better to see something on that lot.
This post was edited on 8/27/22 at 10:43 pm
Posted on 8/27/22 at 10:44 pm to Blink_Jared
Definitely. I was calling around for a new vehicle for the past 9 months but refused to pay over msrp
Now they’re asking if I’m still interested
Now they’re asking if I’m still interested
Posted on 8/27/22 at 10:44 pm to Blink_Jared
Interest rates going up. Less buying= inventory building up.
Posted on 8/27/22 at 10:46 pm to Blink_Jared
Some dealerships are already back to discounting, I am sure there is a catch though.
Posted on 8/27/22 at 10:55 pm to Langland
quote:
Interest rates going up. Less buying= inventory building up.
Great point.
Posted on 8/27/22 at 10:56 pm to Blink_Jared
Yep, especially Hyundai’s and Kia
Posted on 8/27/22 at 11:13 pm to Blink_Jared
Ummm have you seen interest rates? Do you think that may have an impact?
Posted on 8/27/22 at 11:19 pm to Blink_Jared
quote:
Anyone else notice a slight increase in new cars on dealership lots?
Don’t worry, they’ll be full in due time and will have to slash prices to make room for new year inventory.
Posted on 8/27/22 at 11:19 pm to Chad504boy
I feel like I see you as the first reply to so many posts. Is this intentional? Like you sit there and constantly refresh for a new post and then respond something really fast just to be the first?
Posted on 8/27/22 at 11:21 pm to Langland
quote:In theory this will cause prices to come down over time.
Less buying= inventory building up.
Posted on 9/28/22 at 6:58 am to Horsemeat
A month later, and I'm seeing more and more on the lots. New car lots are looking less like used car lots, too. At these interest rates and climbing, it won't be long now before they're back to full inventory and discounting.
Posted on 9/28/22 at 7:14 am to Blink_Jared
The subprime lending market in the auto industry is about to implode. Repossessions are already increasing.
It always starts with subprime and eventually even prime lending is affected. Cars, just like housing, has far outpaced wage growth. There needs to be a correction and will be.
84 month loans are the path to financial ruin. Many are going to have no choice but to default since they won't be able to sell.
It always starts with subprime and eventually even prime lending is affected. Cars, just like housing, has far outpaced wage growth. There needs to be a correction and will be.
84 month loans are the path to financial ruin. Many are going to have no choice but to default since they won't be able to sell.
Posted on 9/28/22 at 7:21 am to stout
quote:
Cars, just like housing, has far outpaced wage growth. There needs to be a correction and will be.
I hope that the dealership model is a casualty of this correction. Allowing them to charge over MSRP just because they could was a mistake.
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