/biz/ - Business & Finance

>>50108165
consumer spending slowing due to inflation + increasing rates.

>>50108165
car dealers are worse than drug dealers, i hope they are left with nothing but unsellable inventory

>>50108165
Borrowing rates are going up + higher gas prices disuading people to drive + JPOW demanding a recession and people to lose their jobs + FAAG Megacorps being brazen about dropping employees and everyone else following along.

You don't need to be an insider to see current trends playing out.
>cash for clunkers program wipes out a large amount of good quality used vehicles
>global chip shortage impacts automakers so used market gets hit even harder
>prices of used vehicles go through roof, dealers still can't keep a stock
>gas prices suddenly explode upwards, people used to $3 gas suddenly paying $4.50-$5
>used car dealers are taking in all they stock they can to keep up with the demand
>suddenly all the people who would normally be interested in buying a used car don't want to get a vehicle anymore
You are here.
>used car dealers eventually lower prices to attract customers, might be able to get a working and street-legal vehicle for less than $2,000 again

>>50108165
interest rates go up, fewer loans taken out
all according to keikaku
is this your first recession?

>>50108281
>Clash for Clunkers Part II: Electric Boogaloo comes out
>your face when

>>50108165
Fake kike inflation is losing. Cheap prices are coming back. We're winning. Based

Idiot boomers upgrade their car every year.

>>50108223
Ford is adopting a similar model as Tesla by allowing customers to order directly off their website. Dealership franchises are absolutely SEETHING lmao.

>b-b-but how are you gonna move the cars no one wants to buy? That’s out job!

Fuck ‘em

>>50108165
>used inventory is swelling up
It's nothing compared to new vehicles. Numbers for Q1 + Q2 dropped yesterday : -40% in sales of new vehicles in France (oui i'm a frog).
We are like the 4th largest automaker in the world.
Meanwhile, 20+ yo literal garbage cans on wheel keep appreciating. You can't find anything below 2000€ nowaday.

What will the automakers/car dealers do with all this inventory? New cars are all costing north of 20K€, the vast majority of ppl can't afford them anymore..
Will they destroy it? Make a fire sale? Ask the gubment for gibs / bribe them to buy it all with public spending (giving them to cops, firefighters, postal services, government employees,..)??

Every day when i commute to work, i pass alongisde one of those giant parking from car manufacturers. It's chokeful of cars, and it's spilling from every corner, they are parking them in the fields who are close by, it stretches beyond the line of sight. I've never seen such thing before.
Super spoopy stuff frens... Hold me pls i'm scared.

>>50108397
>What will the automakers/car dealers do with all this inventory? New cars are all costing north of 20K€, the vast majority of ppl can't afford them anymore..
>Will they destroy it? Make a fire sale? Ask the gubment for gibs / bribe them to buy it all with public spending (giving them to cops, firefighters, postal services, government employees,..)??

Four words: Government Subsidies

>>50108397
Will the Frog government save Peugeot like the burgers did with GM?

I have a 2002 Dodge Dakota that is probably going to die this year (got it for free a couple years ago)
>tfw the car I want is like 30k minimum and has an insane back order