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Automotive News & Views Dude, where did all the dealerships go?
654 messages, Last post on Nov 23, 2009 at 7:56 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: lemko (Mar 11, 2009 6:22 am) 
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Replying to: lemko (Mar 11, 2009 6:22 am) |
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Replying to: lemko (Mar 11, 2009 6:22 am)  I think the IRS and government meddling in business was probably his motivation. It is getting so much worse trying to go into any kind of business.
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Replying to: gagrice (Mar 11, 2009 8:46 am) |
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I guess if you're going to steal, this is the way to get the most bang for your buck: LA Times Article |
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With all of these cars piling up on Ships and is storage lots and at the manufacturers test tracks and parking lots what can the do? No one will pay MSRP for a 2008 if the credit doesn't open till 2010. They will not pay MSRP for a 2009. Not when the consumer knows there is a backlog of cars just sitting there getting older by the minute. But there is a double whammy if the dealers and manufacturers blink first. If you start unloading all that excess inventory, and there are plenty of Nissans, Toyotas and Hondas out there as well as domestics, and you price them as Nippon suggests at half price who will be in the market for a new car in the next three years? No one in their right mind will pay 28k for a new 2010 or 2011 Prius if they know there are more then enough 2009s sitting on the dock in LA. (the pictures have been posted.) Same goes with any model of any excess car. none of that will help the dealers however. |
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Replying to: boaz47 (Mar 11, 2009 3:18 pm) Gee, ya think? |
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Replying to: boaz47 (Mar 11, 2009 3:18 pm) I only suggested that for GM cars, to get our money back from the massive bailout, and it was said in jest! 8 years of aggressively pulling forward sales with massive rebates, discounts, and whatnot sure has a profound effect.....I think the forecasts of 2000 dealers going out of business this year will prove low in the end.
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Replying to: nippononly (Mar 11, 2009 3:30 pm)
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Replying to: boaz47 (Mar 11, 2009 8:22 pm) As for '08s I think Toyota was the only one caught flat-footed there, and they will have to offer $2000+ rebates on leftover '08s, which they are already doing. I think we will see them go well before 1-1-2010. But dealers face a year of cutthroat competition with each other, I would guess. So much for profit margins on new car sales.
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