Last post on Aug 29, 2009 at 5:59 PM
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Car Selling, Sedan
#21 of 40 Re: Inventory [steve_]
Mar 08, 2009 (1:54 pm)
Searching is easy once you establish the radius, just change the car and search again. The whole process didn't take 5 minutes! I had hoped some other parts of the country would speak up..didn't happen so what you saw was a big mid-west bias. Most of the unsold big 3 must be within 200 miles of here. I feel terrible for the dealers who are stuck in this old inventory.
My daughter leased a 2009 Accord last week and the Honda dealership is overflowing with unsold new cars. I got a 2009 Maxima at an Indianapolis dealership and if I can read it right, they have sold 2 since late November when I got mine. My guess is that 2010 models of most makes will be released much later as far as actual inventory goes. Some may not be released at all.
#22 of 40 Re: Inventory [gs42]
Mar 09, 2009 (10:12 am)
I know my local Enterprise received a bunch of new Altimas over the past month.
#23 of 40 Re: Inventory [dtownfb]
Mar 10, 2009 (9:26 pm)
Altimas are selling pretty well considering the economy. So if there are some fleet sales that would explain it. I'm pretty sure that is what happened with about 22 Maximas last week. They were not selling and suddenly a bunch are gone..now, not selling again .I heard on the Maxima forums that Avis and Enterprise bought some.
#24 of 40 Re: Inventory [gs42]
Aug 23, 2009 (6:28 pm)
Over a 1000 Impalas and Accords are unsold and it's almost September. Toyota has moved Camrys and has less than a 100 in a 100 mile radius. 300 Buick Lucernes remain..who will buy those? Nissan doesn't need many 2010 Maximas or Altimas for a while either. Ford has few Fusions but plenty of the Focus left over and VW has over 300 Jettas to sell yet.
With the clunker deal ending, the new car market will hit new lows this fall in my opinion, anyway.
#25 of 40 Re: Inventory [gs42]
Aug 26, 2009 (6:53 pm)
Not too sure about that. I think you'll see manufacturer rebates later this year that will help move some cars. It won't be like the past month and a half but not as bad as folks think.
#26 of 40 Re: Inventory [dtownfb]
Aug 26, 2009 (8:26 pm)
Perhaps the non econ models will sell because of heavy discounting, but I don't have much confidence in future sales as the C4C has "borrowed" future sales made to the econ owners.
Having two 15 year old cars, each with over 120,000 miles, it would be nice to have a later model, but the way the government is putting the country into record debt, one or two things will have to happen to deal with the debt. (1) print money which will cause high inflation or (2) increase taxes or both. Either way, what savings and investments people still have are being held in reserve for worse times to come.
Retired Risktakers are holding on to what they have in fear of the financial future.
#27 of 40 Re: Inventory [euphonium]
Aug 27, 2009 (7:53 am)
And the Retired Risktakers should be afraid. I know of too many people who were hurt and/or deceived during the stock market plunge. Too many "financial planners" who trying to make a buck off someone else. Sad when people do the right thing and now are forced to go back to work or move in with their children.
Unfortunately higher taxes are a given. this along with the high unemployment were inevitable considering what has gone on the last 2 years...heck the past decade (can't leave Clinton out of this). The next few years, each American has to work on reducing their personal debt and saving more so we can get our economy working the way it is suppose to work. the last decade has been nothing but greed and corruption and we are paying for it.
#28 of 40 Re: Inventory [dtownfb]
by steve_ HOST
Aug 27, 2009 (8:38 am)
The next few years, each American has to work on reducing their personal debt and saving more so we can get our economy working the way it is suppose to work.
The US household savings rate is now double that of Japan, which historically was sky high. Some economists say that the (former) high rate of personal savings hurt the Japanese economy. (link)
Sitting on a wad of cash that's being devalued in your savings account isn't going to keep those car inventories low, so go spend your money.
#29 of 40 Re: Inventory [steve_]
Aug 27, 2009 (9:58 am)
Converting Investment to Car accelerates Value Depreciation. Cars don't pay interest.
Financing the car buying is really stupid. High interest on buying the money to purchase the car while it depreciates adds up to very poor business sense.
#30 of 40 Re: Inventory [euphonium]
by steve_ HOST
Aug 27, 2009 (10:17 am)
Cars don't pay interest.
Neither do the banks.
Meanwhile your cash depreciates about as fast as your car value.