Wonder when car dealerships are going to get a clue?

[Altarboy]

I need a new truck. My usual action is to buy the cheapest new truck I can get. The new Ranger is too costly, and will be for a while. The Nissans are still 20k fir their cheapest Frontier, but I keep expecting them to drop a couple more thousand off that.
There is a racetrack in MtJuliet that is storing probably four or five thousand Nissan cars and trucks that are not selling. I also see other brands stored in parking lots and warehouses. What gives? Why are they not discounting these trucks?

[1 Patriot-of-many]

I need a new truck. My usual action is to buy the cheapest new truck I can get. The new Ranger is too costly, and will be for a while. The Nissans are still 20k fir their cheapest Frontier, but I keep expecting them to drop a couple more thousand off that.
There is a racetrack in MtJuliet that is storing probably four or five thousand Nissan cars and trucks that are not selling. I also see other brands stored in parking lots and warehouses. What gives? Why are they not discounting these trucks? I agree on the ranger, the pricing is way out of whack. You can buy a full size F150 Supercrew for the same price. I've seen one or two actually on the road. Insane pricing. Not going to sell well IMHO. I finally bought a new car for my 90 mile a day commute after my beater kicked the bucket(cash) 15K out the door. Been driving 1-2K cars the last 18 years. 2019 Ford Fiesta, other than the fuel mileage, not impressed nor expected to be as fuel mileage was the only consideration. Averaging around 35-36 mpg generally 68-72mph between lights.

[5.56NATO]

What gives is record high levels of loan defaults in the auto loan industry. Sales are sluggish, but one has to check and see if the motor pools are the norm or are they an indication of lack of sales. A dealership in Nebraska holds a lot of cars and pickups on gravel lots for long periods of time, but they distribute these to local and not so local dealers. Things are, in the financial world, in a lot of ways, very similar to 2007, and yet very different at the same time. One diff is there will likely not be bailouts from the fedgov, but bailins from bank depositors, including depositors fdic funds. The depositors will receive a share of stock in a failed bank as an iou.

[whiskeyman]

When you see ads stating $8,000 to $12,000 off of sticker price, it makes you wonder how much it's overpriced.

[alismith]

When you see ads stating $8,000 to $12,000 off of sticker price, it makes you wonder how much it's overpriced.

I was thinking the same thing.... :thumbsup:

[imanaknut]

Gotta keep dem production lines running to make quota even if they come off the line and go straight to a holding lot.

[kuntryboy]

we bought a couple of cars from a friend in mcminnville. he used to go to mannheim auctions in mt. juliet. it saved a bunch of money. unless you want "brand" new. both cars were low miles. my daughter still has her's. check out genesis autobrokers in nashville.

[Altarboy]

we bought a couple of cars from a friend in mcminnville. he used to go to mannheim auctions in mt. juliet. it saved a bunch of money. unless you want "brand" new. both cars were low miles. my daughter still has her's. check out genesis autobrokers in nashville.

Ok I will. I don't necessarily need new, but I do need low mileage.
Don't I need a dealer license to go to auction?

[kuntryboy]

Ok I will. I don't necessarily need new, but I do need low mileage.
Don't I need a dealer license to go to auction?

i think that's what he does. my friend charged a fee. but, the price was wholesale and still under lot prices.

[weevil]

Buyer beware with cars at auctions. Sometimes you get a good deal, sometimes you find out why they took it to an auction.

A lot of cars at auctions are lemons or have issues they don't want to spend the money to fix. You have to ask yourself why did they take this to an auction instead of trying to sell it for retail price on their lot. Sure maybe it was a slow mover.....or it could be one that came back and wasn't worth fixing.

[kuntryboy]

Buyer beware with cars at auctions. Sometimes you get a good deal, sometimes you find out why they took it to an auction.

A lot of cars at auctions are lemons or have issues they don't want to spend the money to fix. You have to ask yourself why did they take this to an auction instead of trying to sell it for retail price on their lot. Sure maybe it was a slow mover.....or it could be one that came back and wasn't worth fixing.

thet's why doing your homework before you go is so important. we went wth a buyer, that took us onto the lot to look at the car. he ran a check on it while we looked at the condition of the car. then we looked at few more choices. only licensed buyers are allowed to bid. then he/she can "sell" you the vehicle. come one, come all auctions can get a less than satisfactory result.

[weevil]

Even the dealer auctions aren't a sure thing. I've done work for several used car lots, and there's been more than a few cars that when I told them what it's gonna take to fix it their reply was "that one's going back to the auction".

Like any car you buy it's always a crapshoot.

[5.56NATO]

Millions Of Americans Could Lose Their Cars As Delinquency Rates Rise
Seven million Americans are more than 90 days behind on their car loans According to the New York federal reserve. Delinquency rates are nearing their peak from the great recession. And it’s the younger and poorer buyers that are ending up underwater.
https://indianapublicmedia.org/news/millions-of-americans-could-lose-their-cars-as-delinquency-rates-rise.php

Ever notice how so few wrecks are being driven today? By that I mean rusty, dented, chipped but otherwise running automobiles. They all seem to have disappeared in 0bamas great cash for clunkers regime. Now all the cheap cars are gone and people seem to want a fortune for slightly rusted old and high mileage cars, especially used lots.