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Automotive News & Views Dude, where did all the dealerships go?
656 messages, Last post on Dec 03, 2009 at 7:01 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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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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Replying to: boaz47 (Mar 11, 2009 8:22 pm) |
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Replying to: boaz47 (Mar 11, 2009 3:18 pm)
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Replying to: lemko (Mar 12, 2009 5:54 am)  My dealer sells VW too, I thinking of doing that. My trade in might be too low. |
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Replying to: nippononly (Mar 11, 2009 8:31 pm) Motor Intelligence reported in February that Toyota sales were off 35.9 percent in the US. And Europe doesn’t look any better. Nissan was off 33.6 percent as of February. Now with the pictures posted of storage at the end of the year in 08. And with sales flat right now? How will they dump the cars? http://www.businessinsider.com/unsold-cars-around-the-world-2009-2 I say hold off and wait till the prices drop like ripe fruit. In consumers simply hold off till the 2010s hit the market the prices will have to drop. Or the companies will have to make artificial reefs with the left over cars. The cars are being stored in shipping lots and receiving lots, container ships. And the world isn’t buying.
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Replying to: boaz47 (Mar 12, 2009 8:40 am) 
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Automotive News & Views Dude, where did all the dealerships go?
