Fear of Impending Car Price Collapse Grips Auto Industry

[AAKing23]

Fear of impending car price collapse grips auto industry

“Six months from now, there will be huge, if not unprecedented, levels of wholesale supply in the market,” Dale Pollak, an executive vice president of Cox Automotive, which owns North America’s largest auto-auction company, wrote in an open letter to auto dealers last week. “Cars are coming in, but they aren’t selling. Today’s huge supply of wholesale inventory suggests supplies will be even larger in the months ahead.”

For brehs looking to cop a new whip on the cheap

 

[Womb Raider]

Music to my damn ears

Me and my girl both tryna get a car around the end of the year

 

[Kane1]

Buckle up.....car market Is going to be a hot mess

 

[TEH]

Honestly they are overpriced for most consumers. This is a reckoning.

 

[...o3]

...what about electric cars? i don't want to to spend +50k, so what kind of price cut are we talking?

 

[Big Boda]

Finna pull up to work wit my $500 Corvette 2020

 

[MR. SNIFLES]

Honestly they are overpriced for most consumers. This is a reckoning.

BLAME TECHNOLOGY. TECHNOLOGY IS ADVANCING TOO FAST.

 

[No..Money..Mo..Problems]

Finna pull up to work wit my $500 Corvette 2020

They stopped production you can get one for 25k over MSRP on the web though.

 

[Concerned Citizen]

If you have cash you’re good. If you need a loan then

 

[JT-Money]

Punk ass car salesman at the Dealer wouldn't give me a steaper discount last December. But we gone talk once the economy opens back up.

 

[YakSpiller]

Supra time.

 

[Malik1time]

I expect a to see 20 bmws on every block in Brooklyn
And I thought bmws were affordable but sheesh it’s boutta get worst

 

[QuintessentialMan]

and so it begins

Capitalism baby. It is what it is. Prices have to go down heavily if this is ever going to work.

Not just cars neither.

$20 dollar dinners at Ruth Chris brehs
50% off all sporting event tickets and major concerts

Dont even get me started on clothes. Lemme see how Nordstroms gonna charge $80 for china made jeans now. Hugo Boss suits for $50.


before the shutdown air travel prices already were low af aint no saving the airline industry though ..........$20 flights to vegas?


i mean yall want the money or not?

 

[AAKing23]

I need the price of that Lexus coupe to come on down a bit

 

[Ya' Cousin Cleon]

I'm just picturing my pops right now

but he more concerned about that housing market.

and so it begins

Capitalism baby. It is what it is. Prices have to go down heavily if this is ever going to work.

Not just cars neither.

$20 dollar dinners at Ruth Chris brehs
50% off all sporting event tickets and major concerts

Dont even get me started on clothes. Lemme see how Nordstroms gonna charge $80 for china made jeans now. Hugo Boss suits for $50.


before the shutdown air travel prices already were low af aint no saving the airline industry though ..........$20 flights to vegas?


i mean yall want the money or not?