Falling used-car prices could hurt new sales, analyst warns

[dealmaker]

Falling used-car prices could hurt new sales, analyst warns
Prices for used cars and trucks could fall 15 to 20 percent as dealerships become awash in off-lease vehicles, creating “a big problem for the new-vehicle segment,” auto analyst John Murphy said Tuesday. A big drop in used-vehicle prices will prompt some consumers to buy used instead of new, explained Murphy, of Bank of America Merrill Lynch. (Automotive News)

 

[Scataphagos]

My neighbor said she paid $23k for a low miles, fully loaded 1-yr old Nissan Murano which initially listed for $45K.

 

[beefcaketrade]

Low interest environment created a short term boom for the auto sector. They milked it for what it's worth. The new car market is now at capacity with total addressable market the lowest it's been for a while. Sign of a top for the auto stocks?

 

[dealmaker]

My neighbor said she paid $23k for a low miles, fully loaded 1-yr old Nissan Murano which initially listed for $45K.

Other reason is that it's a Nissan, very soft new sales compared to Toyota and Honda.

 

[Scataphagos]

Probably so. Should look at Saab. They always seem to be way back of book.

A few months ago Motor Week reported on their test of mid-sized crossovers(?), or whatever class the Murano is in. Out of the 5 tested, all listing from $41-$45k, they liked the Murano best.... CVT and all.

 

[dealmaker]

Probably so. Should look at Saab. They always seem to be way back of book.

SAAB like Subaru had a very loyal core base.

 

[viruscore1]

Probably so. Should look at Saab. They always seem to be way back of book.
A few months ago Motor Week reported on their test of mid-sized crossovers(?), or whatever class the Murano is in. Out of the 5 tested, all listing from $41-$45k, they liked the Murano best.... CVT and all.

A couple of friends had Saab's. Very lite weight vehicles, always waited for parts when in for repairs. The Nissan is much better, and so are many other brands.

 

[dealmaker]

A couple of friends had Saab's. Very lite weight vehicles, always waited for parts when in for repairs. The Nissan is much better, and so are many other brands.

SAAB was a specialty buy, they sold about 28k vehicles at their peak most of those sales in the Bay and Boston metro areas, people bought them for their safety, quirkiness and functionality. Their reliability, cost or parts availability does not compare to domestic, Japanese or Korean brands. They had the most educated customer profile of all brands.

 

[viruscore1]

SAAB was a specialty buy, they sold about 28k vehicles at their peak most of those sales in the Bay and Boston metro areas, people bought them for their safety, quirkiness and functionality. Their reliability, cost or parts availability does not compare to domestic, Japanese or Korean brands. They had the most educated customer profile of all brands.

Are all educated people car enthusiast? I don't know any who like Saab or Volvo. But I am sure they exist, lol. There are Lada enthusiast also. You forgot to mention German...
Q: What do you call a vehicle that's cries alot?
A: a Saab
http://www.jokes4us.com/miscellaneousjokes/corporatejokes/saabjokes.html
http://www.telegraph.co.uk/motoring/picturegalleries/9211301/Top-10-Lada-jokes.html