Unsold Cars Around the World

[Cutten]

Quote from marketsurfer:

why aren't prices coming down then?

In fact, 2010 range rovers are the most expensive ever.

I would like to see prices of luxury cars drop.

however, they are not dropping at all.

wonder why??

Here's a test for you. Go into a showroom and buy a new BMW 5 series. Then call back the next day and say you have a 1 day old 5 series with 10 miles on the clock that you want a bid on. See how much you can sell it for.

Then come back on here and post the 1-day % loss. That will tell us the true market price of luxury cars.

 

[Cutten]

Quote from texrex2002:

Me too. bought my car brand new in 2006 for ~28k. Same make and model (just a 2009) costs $44k today.

Must be the deflation the "experts" are all so worried about.

I like this. Car salesmen, auto industry managers and CEOs, and industry experts are all saying it is a year of horror. Supply of unsold cars soars to unprecedented levels, maxxing out normal storage facilities. The US big 3 are on their knees and begging the government for an unprecedented multi billion handout. And yet you think one piece of your own anecdotal evidence matters more than all that?

 

[stoshski]

Quote from Debaser82:

Some nice pictures here.

http://www.ritholtz.com/blog/2009/02/unsold-cars-around-the-world/

They should arrange the cars to say "we're fucked"

 

[JB3]

I was all set to buy a new Lexus at the end of last year, but I figured there was no rush in this kind of market. Now, I'm having second thoughts of even buying a new car because I have my eyes set squarely on upgrading my residence instead.

With the unemployment % as high as it is, and unemployment benefits can only last so long, there is going to be a lot of houses on the market soon...especially houses in affluent areas and previously unattainable neighborhoods.

I'll probably be still driving a beater, but pulling into a much nicer driveway.

 

[AMT4SWA]

Repo man news......... http://www.infowars.com/violence-between-repo-men-car-owners-on-the-rise/

:eek:

 

[gastropod]

Quote from marketsurfer:

why aren't prices coming down then?

In fact, 2010 range rovers are the most expensive ever.

I would like to see prices of luxury cars drop.

however, they are not dropping at all.

wonder why??

OK, I'll answer - because f'ing jackass liberal policies give the dealers "hope" - "hope" that they can maintain their prices. Liberal in that there is NOTHING in the Constitution that allows for the gov't to prop up an industry or companies, yet the jackasses that we have in Washington read this bullshit into the Constitution...so, they can keep living their higher than us lifestyles. This can be found on both sides of the isle - Democrats and Republicans. Anybody with a truly conservative reading of the Constitution would not do this.

This is the same thing going on in housing - prices should be dropping MUCH quicker than they are dropping. The banks are not giving up for sale their REO and foreclosures - why - because they have "hope" that the f'ing gov't will bail them out!

May all companies who rely on the gov't to bail them out fail!

-gastropod

 

[riskaddict]

Quote from JB3:

I was all set to buy a new Lexus at the end of last year, but I figured there was no rush in this kind of market. Now, I'm having second thoughts of even buying a new car because I have my eyes set squarely on upgrading my residence instead.

With the unemployment % as high as it is, and unemployment benefits can only last so long, there is going to be a lot of houses on the market soon...especially houses in affluent areas and previously unattainable neighborhoods.

I'll probably be still driving a beater, but pulling into a much nicer driveway.

Im in the same boat, trying to not let myself buy a 08' G35x instead just listed current house this week 20K below what a similar house is listed at. In fact my yard is way nicer I can't wait for more BofA lay offs to come since they are the 3rd largest employer in DE there should be some sweet deals in some nice neighborhoods. As traders it should be easy for us to sell stuff way less then what it was selling for a year ago. I just love observing those who aren't conditioned to taking a loss even if it's only in their mind. People that bought homes in lates 90's and early 2000's are still sitting on a gain at least in this area. Homes are for living in aren't they?

By the way if they car co's want to sell more cars just make them shittier. My 03' Maxima has 150000 miles on it and it runs like its freaking new. I'm trying to beat it into the ground just so I'll have an excuse to buy the infiniti

 

[Mup]

Another problem is, would you want to buy a so called "new car" thats been sat for so long with the engine fluids settling out and no cycles being put through the electrics..

Your just asking for ownership problems down the line & that has to be factored into the price of the stock.

 

[Trendytrader]

Yip those 2009 models are probably already 12 months old.

 

[gastropod]

Quote from riskaddict:
I just love observing those who aren't conditioned to taking a loss even if it's only in their mind.

That is just it!!! They are soo self centered, thinking "they" can't take a loss that they will bend the Constitution to have the gov't bail them out! "They" are "that" important - that everybody should have money taken from them at gunpoint (IRS) to give to these dingleberries!

-gastropod