Stopped by Mercedes, ADMs are GONE!
12-16-22, 07:49 AM
#31
Lead Lap
The biggest problem dealers will have, is that even with below MSRP "deals" - they aren't even going to be able to get people back into the showrooms. People are so turned off to car buying now after what was done to them the last two years. Many people just bought out their final leases and own those cars outright now, and plan to keep them for several more years. The days of flipping a lease every 3 years are gone for a lot of people, and US unit sales for cars will likely never see the 17 million number level again for a long time.
12-16-22, 08:00 AM
#32
Lexus Fanatic
Thread Starter
Yeah I don't believe that either. People have short memories, and people need and want new cars. I have considered buying out my leases, but the only reason I would do that is if replacement cars were to be dramatically more expensive. If I can get new versions of similar cars to what I have now for 15-20% more than I am paying now, I will replace them with new cars.
12-16-22, 08:23 AM
#33
Pole Position
If anything people will avoid that dealer that tried to screw them over and give a different dealer a chance. Like Penn Toyota here in NY. They are asking 20% over MSRP on the Sienna and Sequioa. Will I buy from them in the future? Highly unlikely but I will give a different dealer a chance.
12-18-22, 07:41 AM
#41
Lexus Fanatic
2009 recession. Sales went to 10 million in the US. Down from 16 million the year before. Same this time In 2023. Gas cars the prices will drop. I think we will see some gas models with content stripped..more base models. Car repossessions are now on the rise as interest rates start to take affect.
Last edited by Toys4RJill; 12-18-22 at 08:06 AM.
12-18-22, 08:25 AM
#42
Lexus Test Driver
2009 recession. Sales went to 10 million in the US. Down from 16 million the year before. Same this time In 2023. Gas cars the prices will drop. I think we will see some gas models with content stripped..more base models. Car repossessions are now on the rise as interest rates start to take affect.
12-18-22, 09:05 AM
#43
Worst Deals on New Cars Right Now
12-18-22, 09:06 AM
#44
Lexus Fanatic
Thread Starter
2009 recession. Sales went to 10 million in the US. Down from 16 million the year before. Same this time In 2023. Gas cars the prices will drop. I think we will see some gas models with content stripped..more base models. Car repossessions are now on the rise as interest rates start to take affect.
Car repossessions are on the rise, but they are still a very small percentage of car loans overall, and they are largely subprime car loans which were very profitable in the short term.
12-18-22, 09:11 AM
#45
Lexus Fanatic
He might be in for an unpleasant surprise at the signing, because according to Consumer Reports the Ioniq 5 on average is still stickering for 17% over MSRP right now. In fact the entire over-MSRP list is currently dominated by Hyundai and Kia.
Worst Deals on New Cars Right Now
Worst Deals on New Cars Right Now
..
And 10 million people still bought cars. We aren't facing anything like the 2009 recession.
Car repossessions are on the rise, but they are still a very small percentage of car loans overall, and they are largely subprime car loans which were very profitable in the short term.
Car repossessions are on the rise, but they are still a very small percentage of car loans overall, and they are largely subprime car loans which were very profitable in the short term.