[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 6 KB, 250x250, 1674680392792038s.jpg [View same] [iqdb] [saucenao] [google]
54728171 No.54728171 [Reply] [Original]

Dealerships are underwater on their lots. It's only going to get worse. They are all going to feel the wrath when auto loan delinquencies go through the roof and more and more cars hit the market. They will be forced to lower their prices when they get margin called by their lenders.

The dip will be glorious. After all this, I will finally be able to get a 2022 Corolla Hybrid cheapie.

>> No.54728188
File: 631 KB, 2275x1706, Marshall-Rabbit-Holes-Corolla-1999.jpg [View same] [iqdb] [saucenao] [google]
54728188

You posted this yesterday and I told you why used car prices are never going down.

>> No.54728190

>>54728188
god i hate schizos so much its unreal

>> No.54728277

>>54728190
>explain why new vehicles will become unappealing to consumers
>have no rebuttal argument
>"I know, I'll call him a schizo!"

All fields.

>> No.54728516
File: 53 KB, 730x730, 1679438519943302.jpg [View same] [iqdb] [saucenao] [google]
54728516

>>54728171
it already happening

https://www.axios.com/2023/03/01/low-income-households-are-falling-behind-on-car-bills

>> No.54728544

>>54728171

Corollas and Civics will never be cheap again. All going for markups here with no end in sight.

The only hope we have is for massive unemployment. That's the inly thing that will stop the NPC's from consooming.

>> No.54728554
File: 39 KB, 656x679, good.jpg [View same] [iqdb] [saucenao] [google]
54728554

>>54728171
They deserve it. Ridiculous markup and then "oh you drove it off the lot" excuse to drop the price. I drove 0.02 miles and it loses half its value!? Yet it got test driven for 100 miles and it didnt lose much if anything!

>> No.54728571

>>54728544

With the layoffs continuing I think unemployment will skyrocket. This won't happen overnight but gradually over the next coming months and then years. Great depression 2.0 is here folks.

>> No.54729285

the only cheap cars you will be able to buy are diesels, at least in europe. My 1l fiesta aprreciated by +3k in 3 years. Because of all the taxes on big engines and diesels. Demand is insane actually.