Fear of Impending Car Price Collapse Grips Auto Industry

[Adeptus Astartes]

I need something with 3rd row seating for my kids.

 

[Ezekiel 25:17]

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

Most people ain't buying a car with cash. How many out there got $25000 minimum sitting in the bank? Discounts will be for everybody

 

[LezJepzin]

Giuliaaaaaaaaaaa

 

[BigMoneyGrip]

The summer coming up, I'm trying to buy a Scat Pack with 6 speed

I just copped a 19 Charger scatpack RT 392 in destroyer grey

 

[2stainz]

I mean in order for this to occur, something else in the economy has to give am I right?

expect to see wages decrease and massive job cuts

when things go downhill like this, they rarely occur in a vaccum

 

[Koli_Kat]

This corona shyt is actually restoring the balance

No more overpriced cars

Work from home

Greedy Landlords getting put in check


Strippers /bartenders bottle girls being humbled realizing their income can be stopped

 

[BonafideDefacto]

Yall are reaching.. . A few points.

• Loans are going to be harder to get so it will create balance a lil adjustment.
• New 2021/22 cars aren't going to see a huge decline if any at all since production has already halted. If anything...supply will be short due to production adjustments.
• Used cars will be the only decline but expect nothing beyond 10%. Again, what you guys are forgetting is that the industry isn't producing cars right now. Plants are shut down. Your looking at potentially 1/2 of the usual production of vehicles this year due to the shutdown of warehouses and loss of employment.

 

[Ezekiel 25:17]

I just copped a 19 Charger scatpack RT 392 in destroyer grey

I bet that bytch fast. I can't imagine going from my 300hp Lexus to a 6.4 Hemi

 

[Nature's Fury]

Just bought a car at the beginning of March

 

[BigMoneyGrip]

I bet that bytch fast. I can't imagine going from my 300hp Lexus to a 6.4 Hemi

shyt is night and day man.. Do it and gas prices going down too lmaoo

I will admit that bytch drink gas like a mofo.. Drove my shyt for the past 2 weeks and filled up 4 times already

I’m only pulling that bytch out on the weekends..

 

[Json]

Yall are reaching.. . A few points.

• Loans are going to be harder to get so it will create balance a lil adjustment.
• New 2021/22 cars aren't going to see a huge decline if any at all since production has already halted. If anything...supply will be short due to production adjustments.
• Used cars will be the only decline but expect nothing beyond 10%. Again, what you guys are forgetting is that the industry isn't producing cars right now. Plants are shut down. Your looking at potentially 1/2 of the usual production of vehicles this year due to the shutdown of warehouses and loss of employment.

Doesn’t that mean they will fire a bunch of workers since they won’t be making as many 2020 cars?


Or will they will jump to 2021 and 2020 cars will become rarer and more expensive?

 

[Family Lives Matter]

Was planning on getting a used BMW 2019 BMW a month before this happened cash.

I'm finna eat going to wait until around august now though

 

[Hiphoplives4eva]

this and this:

I own the 2018 G80 sport and it's amazing. Really tempted to trade in for the 2021 once its available

 

[BonafideDefacto]

Doesn’t that mean they will fire a bunch of workers since they won’t be making as many 2020 cars?


Or will they will jump to 2021 and 2020 cars will become rarer and more expensive?

Just look at it this way. American plants will have been shutdown for about 10 weeks when this is done. That's 10 weeks of productions...1/5. Now also factor in natural market cap loss these companies are dealing with which equals a cut in work force. Also factor in the fact that they're probably foreseeing this as well so they are naturally going to slow down production.
I'm telling yall 2021 models aren't going to be touched pricing wise. Too many people laid off so they wont be out car shopping to up demand.

 

[Saysumthinfunnymike]

u already know