Article

2023-04-06 Economy

Oversupply of cars to trigger price war, says UBS

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Posted by Besoeker 2023-04-06 06:23|| || Front Page|| [11127 views ] Top

#1 Attention US Carmakers !!!
When you make a car in Mexico to avoid 70% of the Union labor costs, but you add them in anyhow.

Then price a vehicle at what is in many southern states equal to 50% to 75% of buying a family 3 bed /2 bath 1500 sq/ft home.

Plus, the Dealer's F&I guy skims 2 to 3 points on the Car Loan interest rates & etc... for his and the dealer's pocket. Then do all this is BEAR Economy to boot.

Any business thinking person would see you loaded a shotgun and shot both barrels into your own Feet.

But wait .....the lower prices will be off set by the new HIGHER Car Loan interest rates. So will your Hail Mary sales effort help?

Posted by NN2N1 2023-04-06 09:43|| 2023-04-06 09:43|| Front Page Top

#2 I buy used because the union premium died when the original owner drove it off the lot.

Yes, yes, I still have to buy auto parts that the UAW gets a skim from, but that's the price of doing business.

Lately, I go to Pick Your Part or order from them online.

Recommended, if you know what you are ordering.

Posted by M. Murcek 2023-04-06 09:51|| 2023-04-06 09:51|| Front Page Top

#3 I was at the Toyota dealer yesterday, and they are still partying like its 2021. Nothing on the lot to test drive. No used vehicles. 2-4 month wait for a new one.

Posted by Angstrom 2023-04-06 10:09|| 2023-04-06 10:09|| Front Page Top

#4 I gave a relative a lift to a Nissan garage. Stupidly expensive stuff in the lot. Probably actually a good value, but...

Posted by M. Murcek 2023-04-06 10:11|| 2023-04-06 10:11|| Front Page Top

#5 Just looked at Used 2-22 Ford F-150's in Reno area online. 4x4 Crewcabs with the XLT Package and 20-30k miles, priced in the low 70's to mid 80's. A King Ranch with 31k for $91,000. Nuts!

Posted by NoMoreBS 2023-04-06 11:43|| 2023-04-06 11:43|| Front Page Top

#6 Farm truck prices are out of this world. Will keep the mechanic shop busy for awhile working on my old stuff.

Posted by Bill Greans6336 2023-04-06 12:38|| 2023-04-06 12:38|| Front Page Top

#7 Farm truck prices are out of this world.
2xExpensive at 1/2 the price.
Will keep the Mexican mechanic busy

Posted by Skidmark 2023-04-06 15:50|| 2023-04-06 15:50|| Front Page Top

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