You think itâs a buyerâs market for new cars? You ainât seen nothinâ yet.
- Thread starter ByLoSellHi
- Start date
Print your way out of deflation
ByloSellhi
Guys, just wait and be patient if you want a new car, house or boat.
Trust me; these things will only get cheaper.
Much cheaper.
We are all living in a period of time that will be studied in economic textbooks at the graduate school level for generations to come.
........................................................................
Actually when one studies the actual sources of funds that were available in differing time periods.....asset prices have to respond
to what is available.....
Something is worth what can be paid for it....
When the total available to price goods and services declines by 50%....then the prices of the goods and services have to decline accordingly....if they are to be sold....
Thus the errors in government policies that try to maintain prices at unsustainable levels.....
Government policies should support capitalistic growth businesses....not failed businesses....the government has to choose....prices due to capitalism....or prices due to socialism....
And the next time around have better regulations in place....
Guys, just wait and be patient if you want a new car, house or boat.
Trust me; these things will only get cheaper.
Much cheaper.
We are all living in a period of time that will be studied in economic textbooks at the graduate school level for generations to come.
........................................................................
Actually when one studies the actual sources of funds that were available in differing time periods.....asset prices have to respond
to what is available.....
Something is worth what can be paid for it....
When the total available to price goods and services declines by 50%....then the prices of the goods and services have to decline accordingly....if they are to be sold....
Thus the errors in government policies that try to maintain prices at unsustainable levels.....
Government policies should support capitalistic growth businesses....not failed businesses....the government has to choose....prices due to capitalism....or prices due to socialism....
And the next time around have better regulations in place....
ByLo,
You have provided some insightful analysis over the years, but I feel you are getting too bearish for your own good.
Fine there is overcapacity in everything, and in cars its just normal when the buying machine stops without notice there is going to be excess inventory, there are no two ways about it.
The point is that if the cars are not moving, why would they not idle their factories till supply meets demand. In EU and Japan I am sure they will. Big three, lets not talk about them.
You have provided some insightful analysis over the years, but I feel you are getting too bearish for your own good.
Fine there is overcapacity in everything, and in cars its just normal when the buying machine stops without notice there is going to be excess inventory, there are no two ways about it.
The point is that if the cars are not moving, why would they not idle their factories till supply meets demand. In EU and Japan I am sure they will. Big three, lets not talk about them.
I agree, I think they are over priced for what they are. I drive a Yukon which is actually a little more expensive then the Tahoe's but I bought it a couple of years old and 26,000 miles on it and saved quite a bit.
If I had plenty of money I might buy a new one. My wife just bought a new G35 about six months ago and it we paid 33K after negotiations. Thats close to my limit on a new car. I wish she had waited till today we might have gotten a better deal.
Paul
High end imports can be picked up super cheap now.
The repo men will only get busier over the next few months.
There's a growing number of new and used cars piling up, and a shrinking number of cash or credit approved buyers.
The repo men will only get busier over the next few months.
There's a growing number of new and used cars piling up, and a shrinking number of cash or credit approved buyers.