Next Auto Industry Collapse On The Way?

[R3L3NTL3SS]

I think a few manufacturers are about to be in for a very tough time financially. Stellantis is talking about possibly halting production of some models and they'd still have 6-12+ months of supply. They're offering $15+k off some models and still can't move them. I've seen a lot of GM/Chevy dealers also doing $10k+ off and not moving anything. Between the insane prices of new vehicles, ridiculous interest rates, and general low confidence in quality with all the various issues across all manufacturers, I think these mf's are about to be hurting without some drastic changes.

[Retoaded]

I've been sort of monitoring a couple full size truck models and yeah they all went from 10k over MSRP to 10-12k under MSRP pretty dang fast. Going to keep watching because some dealers are going even lower than that right now.

[EDcellent]

I was about to make a similar thread. I'm in Texas, and dealers at the big cities have up to $17k off msrp for trucks. We're talking 20-30% off.

I intended to keep my S8 since I have an older truck to restore, but man it's tempting to trade the S8 in and have one of these trucks for the next 10+ years and probably have only a minor depreciation compared to full msrp.

[HMFIC_BROWSIN]

If we just open the immigrant floodgates a little wider, demand for everything will go back up.... Yes, even new cars.

[Murph0408]

rates are still brutal. even with great credit you're going to be paying like 7+% APR. that's completely stupid for a vehicle (or anything for that matter). that can't be helping the business.

[R3L3NTL3SS]

rates are still brutal. even with great credit you're going to be paying like 7+% APR. that's completely stupid for a vehicle (or anything for that matter). that can't be helping the business.

Between rates and just the flat out insanity of new vehicle prices...it's kind of insane people have kept buying at all the last two years. I mean some of the new Tacoma models are over $60K MSRP. Just stop for a minute and think about someone actually making a loan at 7-12% interest for $60,000 for a fking TACOMA.

[ClivesTriceps]

A lot of manufacturers are also realizing that EVs are a bust and pulling out of it with a loss in the billions. I believe Volkswagen is the most recent auto maker to give up.

[R3L3NTL3SS]

A lot of manufacturers are also realizing that EVs are a bust and pulling out of it with a loss in the billions. I believe Volkswagen is the most recent auto maker to give up.

I mean doesn’t Tesla even have thousands and thousands of surplus cars they’re not selling?
No way in fuking hell I’d buy one. Even IF I was dumb enough to buy an EV, it wouldn’t be a Tesla. I don’t think I’ve seen anything else lose remotely close to as much value in 2-3 years as a Tesla.

[Retoaded]

A lot of manufacturers are also realizing that EVs are a bust and pulling out of it with a loss in the billions. I believe Volkswagen is the most recent auto maker to give up.

VW is building a 2 billion dollar EV plant in South Carolina right now.

[JUSA]

If we just open the immigrant floodgates a little wider, demand for everything will go back up.... Yes, even new cars.

Can't afford auto insurance, will buy 90K Ford F150 logic right there.

Someone on top of this, when is a good time to buy a new car?

VW is building a 2 billion dollar EV plant in South Carolina right now.

Wonder how much of that is the inertia of making big plays ahead of time and being too locked in to pivot, in a moment like this? (assuming Clives is right)

[R3L3NTL3SS]

Someone on top of this, when is a good time to buy a new car?

If you could get a decent rate, now wouldn’t be bad. For a truck at least. The only big discounts I’m really seeing are on trucks, but TBH I haven’t looked at cars or anything else to know.
The way it’s looking, the discounts are probably going to keep getting better. Could have swore I saw something last week about them talking about raising rates again.
Supposedly the point of all this is to curve inflation, but it’s not slowing. I think the general public is seriously hurting right now with day-to day bills, groceries, etc. It will take more than rates to drop for vehicle sales to take off again IMO.



But I’m just a nobody middle class poor. I could be way off on all my assumptions.

[Krackerjacked]

The local dodge dealer here (outside of SA TX) is offering 13k off rams and challengers which is a first. I think their highest during covid was 18k off. Back then they were combining that with 0% too

[Retoaded]

Can't afford auto insurance, will buy 90K Ford F150 logic right there.

Someone on top of this, when is a good time to buy a new car?

Wonder how much of that is the inertia of making big plays ahead of time and being too locked in to pivot, in a moment like this? (assuming Clives is right)

The construction on the plant just started so I think if VW had any hesitation they wouldn't be doing it.

VW has also just committed to taking the Macan, Boxster, and Cayman to EV in the next couple years.

[TBO1313]

In 2019 I could get a brand new loaded TRD Tundra for $45k. That same truck is over $70k now. They need to drop the MSRP on these vehicles back down to a reasonable level.

[Krackerjacked]

In 2019 I could get a brand new loaded TRD Tundra for $45k. That same truck is over $70k now. They need to drop the MSRP on these vehicles back down to a reasonable level.

Absolutely agree. $45k is tiny truck money now. It’s such bs.

[R3L3NTL3SS]

Absolutely agree. $45k is tiny truck money now. It’s such bs.

Pretty sure all 45k can get you now is a mid trim Tacoma.
Or I guess you can get a Ranger for a chunk less, but Tacoma > Ranger.
Might be able to get a stripped down, work trim, non CrewMax SR Tundra for $45k. Maybe.

[Krackerjacked]

Pretty sure all 45k can get you now is a mid trim Tacoma.
Or I guess you can get a Ranger for a chunk less, but Tacoma > Ranger.
Might be able to get a stripped down, work trim, non CrewMax SR Tundra for $45k. Maybe.

Yeah man it’s pretty insane. All because they can too.

[EDcellent]

The local dodge dealer here (outside of SA TX) is offering 13k off rams and challengers which is a first. I think their highest during covid was 18k off. Back then they were combining that with 0% too

If that happened again, or close to it, I'll definitely trade my car in for a Dodge or maybe a Ford half ton. If 3/4 ton pickups get prices slashed as much as half ton trucks, I'll absolutely buy a gasser gmc. Between inflation and having prices that low, it'd almost be free ownership for the first 2-3 years with factoring in depreciation.

[Krackerjacked]

If that happened again, or close to it, I'll definitely trade my car in for a Dodge or maybe a Ford half ton. If 3/4 ton pickups get prices slashed as much as half ton trucks, I'll absolutely buy a gasser gmc. Between inflation and having prices that low, it'd almost be free ownership for the first 2-3 years with factoring in depreciation.

You’re not wrong man, two of my buddies bought f150s back then and then sold them a couple of years later for profit.
Hell we made money on a Tiguan and that’s pretty unheard of lol

[EDcellent]

You’re not wrong man, two of my buddies bought f150s back then and then sold them a couple of years later for profit.
Hell we made money on a Tiguan and that’s pretty unheard of lol

I can attract used up oil patch women AND potentially make money? FUARK

[Krackerjacked]

I can attract used up oil patch women AND potentially make money? FUARK

You could. I don’t think they’re going to be able to continue to inflate msrp’s anymore.

[R3L3NTL3SS]

You could. I don’t think they’re going to be able to continue to inflate msrp’s anymore.

Definitely not.
Whats scary is that the way they’re going to get prices lower over the coming years is to somehow find more ways to make them out of even cheaper parts. Scary thought in itself. They’re not going to let profits go, so to lower the price and still make their money means cheaper parts and/or less QC. Plain and simple.

[Krackerjacked]

Definitely not.
Whats scary is that the way they’re going to get prices lower over the coming years is to somehow find more ways to make them out of even cheaper parts. Scary thought in itself. They’re not going to let profits go, so to lower the price and still make their money means cheaper parts and/or less QC. Plain and simple.

You’re not wrong man. Blows my mind how Toyota Tacoma’s had drum brakes in the rear still (not sure on the newest gen though)
But then again if it will save them 10 cents a truck they’ll do it.

[jmon22]

In 2019 I could get a brand new loaded TRD Tundra for $45k. That same truck is over $70k now. They need to drop the MSRP on these vehicles back down to a reasonable level.

Was just going to say this. $17k off when the MSRP is up $15-25k isn't exactly the steal they want you to think it is. Not like they were even selling at the "reasonable" MSRP before either.

[SmackCellie]

hear that every year