Only if you work in an industry that is potentially in jeopardy from this.

 

I think Genesis is doing the right thing, as I assume alot of other lenders will be following suit.

In regards to car buying
Well from what my naive ears hear and read: huge incentives will come to the dealer, not sure if they`ll be straight away available to the end customer.

Worst out are used car lots who have "floorplan" their inventories.
Best out are new/used car lots who outright own their inventories
In the middle are new car lots who floorplan their inventories.

For a customer in the new market the crazy deals are the middle guys and the used floorplan.

Alot of auto groups are emailing out their precautionary measures and of course doing the "pickup and delivery" options

 

Hyundai did the same thing in 2008. I don't recall many other brands following suit.

 

They didnt advertise it, but again if you call any lender you have if you are impacted by this sort of thing, they will defer payments, etc.

 

Well, to a large extent, that's my point. 7 days from now, someone else will be saying the same thing about the last seven days...and the next seven days. There always seems to be a reason why "now" is always the best time.

 

Yup. You can just ignore the manufactured urgency. Just keep an eye on business and economic conditions, look at automotive news articles and you can get a sense for how motivated dealers and manufacturers might be to generate business and get your business.

 

Remember, new car sales are always from discretionary income. Just wait till the incentive to purchase hits a significant figure, and then pull the trigger.

 

Depends on whether the company ups the incentives packages now or after the end of Q1 for April

 

This is not the same as some "President's Day Sale" lol. There is a global pandemic...unprecedented in this country. People arent out buying cars...what are you going to do wait until the next global pandemic?

I understand what you are saying, but it just doesnt make any sense in this particular instance. You're equating this pandemic and this lockdown with a long weekend sale which just isnt the same/ This is not a manufactured opportunity...

 

They are shutting down liquor stores (ack! my neighbor said there was a 2-hour line) in the most impacted counties here in PA (after closing gyms, entertainment venues and community centers, and "recommending" non-essential retail establishments close). Car dealers won't be open much longer, so even for those not worried about buying a car--they won't be able to for a couple of weeks.

 

Dont go manufacturing urgency now! Haha

 

you're right that car dealers always have a fake "now is the time to buy" slogan / campaign, but this situation is different because it's not about the dealer's slogans/campaigns although those will continue with ever greater urgency. the situation now and going forward for at least a few months is sales will drop off like a rock because more people are out of work, or have less work, and had to run up the credit cards during this crisis (and make no mistake, we're now in an economic crisis). it's similar to 2008 and 2001. so dealers will simply not have many customers looking for cars. and because of that, despite whatever slick packaging and face they put on it, they'll be willing to deal. it's too bad my lease isn't up until next March.

 

Well, you seem to be enjoying your G90 enough that I can't imagine you wanting to trade it off before March, anyway.

I also don't like some of what I have seen in the interiors and hardware of some of the very latest models from Kia and Hyundai, introduced with the last few months or so, compared to the superb solidness in hardware they have shown for a number of years. I know that some here disagree with me on that (and I'm not going to debate it here in this thread)...but I definitely notice. I'm keeping my fingers crossed that I don't see the same thing with the next-generation Genesis products....past ones have also been superb.


As for job-protection-deals for auto-shoppers, this not the first time we've seen them. I remember them from some years back, though, to be honest, I don't remember from which manufacturer.

I agree, BTW, that we are in a crisis, but not because of the economy itself, which is excellent. What is happening is that we have a public-health crisis, which is causing the economy to tumble. The economy is still there.....people are just afraid to go out and take part in it any more, and institutions are afraid to stay open because of the possibility of having infected people come. My county, for example, just shut down all the recreation-centers and libraries for two weeks...so there goes my regular indoor-pool swims (my knees are too weak for running or walking long distances on a treadmill...and swimming fits me perfectly.

The (potential) good news, though, is that things are starting to ease up in China....where this whole Coronavirus mess started. Hopefully, in a few weeks, we will also start to see some good signs here.

 

Genesis in a gesture to assure customers that health and safety are #1, as they sell through this pandemic, should issue N95 masks to both sales staff and clients. Last time I was in a Genesis dealer the salespeople were only wearing surgical masks and many of them were not on tightly anyway.

 

off topic posts about dr fauci and coronavirus deleted. post anything about that in the main coronavirus thead. https://www.clublexus.com/forums/the...e-serious.html