Last post on Aug 07, 2012 at 6:32 AM
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Aug 05, 2012 (4:50 pm)
The automakers are counting on it.
"New-car sales, which collapsed to less than 11 million in 2009, are expected to surpass 14 million this year. And forecasters believe that they will increase by around a million annually for the next couple of years. In 2015, we could eclipse 16 million vehicles sold, which is near the precrisis peak.
The industry’s buoyancy comes largely from pent-up demand. Many Americans are driving really, really old cars. The average passenger vehicle is now 11 years old — making this the oldest fleet ever — and the percentage being junked has been at near record lows."
The Dinged-Up, Broken-Down, Fender-Bended Economic Recovery Plan (NY Times)
#59 of 61 Re: new car by 2015? [steve_]
Aug 06, 2012 (5:11 pm)
Not new, but almost certainly another CPO Bimmer- or perhaps a Cayman S. My son commandeered my wife's X3 so she bought a CPO 328i. I plan to drive my 2007 Mazdaspeed 3 as my work beater until my semi-retirement becomes a full retirement. Once that happens(in 3 years) the Mazda is gone and the hunt begins for something that is actually fast(as well as RWD and under 3500 pounds).
#60 of 61 Re: new car by 2015? [roadburner]
by Stever@Edmunds HOST
Aug 07, 2012 (5:17 am)
Sounds like current lease deals are being structured for some makes (cheap, in other words) to ensure a lot of good three year old "previously owned" cars by 2015 to help meet the demand.
#61 of 61 Re: new car by 2015? [steve_]
Aug 07, 2012 (6:32 am)
Exactly; my wife's CPO had just came in off a 36 month business lease. And the dealer had several 2011 3 Series that came from BMW's corporate offices or were short-term private leases.