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Who is buying vehicles? #5406235 04/17/20 04:52 PM
Joined: Oct 2006
Posts: 9,749
grampi Offline OP
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Joined: Oct 2006
Posts: 9,749
I figured with the lock down in place, and millions of people out of work, I thought I'd see the bottom drop out on vehicle prices, but it hasn't. What is keeping prices up?

Re: Who is buying vehicles? [Re: grampi] #5406241 04/17/20 04:59 PM
Joined: Jul 2015
Posts: 6,010
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madRiver Offline
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I think they are sitting and waiting figuring it out. Do you slash price as you are losing money ?

The only reaction on new car is 72 month 0% financing with delays in first payment.

Infinity and Mitsubishi are goners once dust settles in USA. Expect fire sale with them.

Re: Who is buying vehicles? [Re: grampi] #5406245 04/17/20 05:04 PM
Joined: Jul 2002
Posts: 5,912
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MCompact Offline
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Posts: 5,912
I'm looking at both used and new.


Mine:
2014 M235i
2009 Cooper Clubman
1999 Wrangler Sahara
1995 318ti Club Sport

Wife's:
2015 X1 xDrive28i M Sport


Son's
2009 328i

Buy what makes you smile...
Re: Who is buying vehicles? [Re: madRiver] #5406263 04/17/20 05:21 PM
Joined: Apr 2014
Posts: 1,039
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loneryder Offline
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Joined: Apr 2014
Posts: 1,039
Originally Posted by madRiver
I think they are sitting and waiting figuring it out. Do you slash price as you are losing money ?

The only reaction on new car is 72 month 0% financing with delays in first payment.

Infinity and Mitsubishi are goners once dust settles in USA. Expect fire sale with them.

How about 84 months. No interest. You take that deal and you will be so upside down!

Re: Who is buying vehicles? [Re: grampi] #5406267 04/17/20 05:24 PM
Joined: Aug 2018
Posts: 919
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Oildudeny Offline
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Joined: Aug 2018
Posts: 919
I will be in August when my 17, Corolla goes back.

Re: Who is buying vehicles? [Re: grampi] #5406270 04/17/20 05:25 PM
Joined: May 2017
Posts: 234
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Ram02 Offline
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Posts: 234
I’m trying to decided now . Either a new Chevy Equinox 2020 2.0T or a Ford Escape 2.0T I’ve been a GM guy all my life . I like them both.


2013 Malibu 2LT M1 5w30
2013 Accord Sport M1 AP 0w20
Re: Who is buying vehicles? [Re: grampi] #5406288 04/17/20 05:39 PM
Joined: Nov 2011
Posts: 422
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spavel6 Offline
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Posts: 422
We took a vehicle in March that we had ordered back in November.

I also figured, like the OP, that prices would drop. I am looking for a fun car, but the prices are no different than before the global closure.

I think most dealers are delusional about how quickly the market will come back. Dealers are pricing everything like normal. In fact, with the huge factory rebates and incentives, dealers are scaling back the discounts they're giving at the dealer level.


2003 VW Jetta Wagon TDI 198k M1 5W40 TDT
2001 VW GTI VR6 250k T6 5W40
2001 VW Passat Wagon V6 4motion 110k PP 5W30
Re: Who is buying vehicles? [Re: grampi] #5406291 04/17/20 05:41 PM
Joined: Sep 2004
Posts: 24,372
Mr Nice Offline
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Posts: 24,372
I was thinking of buying a Camaro.

Re: Who is buying vehicles? [Re: grampi] #5406296 04/17/20 05:46 PM
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Posts: 1,011
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miden851 Offline
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Joined: Feb 2016
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i'll be a candidate in December or next January, a used or new vehicle depending on the cost/value ratio, Japanese for sure


2017 Honda Accord EX-L; @20K miles
2016 Honda CR-V EX-L; @57K miles
Re: Who is buying vehicles? [Re: grampi] #5406303 04/17/20 05:51 PM
Joined: Mar 2015
Posts: 15,322
53' Stude Offline
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Posts: 15,322
Originally Posted by grampi
I figured with the lock down in place, and millions of people out of work, I thought I'd see the bottom drop out on vehicle prices, but it hasn't. What is keeping prices up?



My brothers friend is busy as ever selling used cars. Dont know what your talkin' about


2009 Toyota Camry LE
Re: Who is buying vehicles? [Re: madRiver] #5406315 04/17/20 06:00 PM
Joined: Dec 2010
Posts: 1,196
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tc1446 Offline
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Originally Posted by madRiver


Infinity and Mitsubishi are goners once dust settles in USA. Expect fire sale with them.


Interesting observation. Has there been some reporting on these?


'14 Kia Soul, 2.0L (29K)
'13 Accord EX-L 2.4L (110K) M1 & FU
'00 Ford Ranger 4.0L {69K} M1 & FU
'18 Polaris Slingshot 2.4L GM (QS & Bosch Cart.)
'07 Kioti CK-30 (Delo & Wix)
Re: Who is buying vehicles? [Re: grampi] #5406320 04/17/20 06:02 PM
Joined: Nov 2018
Posts: 2,522
Skippy722 Offline
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Posts: 2,522
I bought a truck, my sister bought a Focus, and my brother is after a Focus ST or Civic SI, we’re probably going tomorrow to look around.


2019 Ram 1500 Classic
2018 Dodge Grand Caravan GT

Slight Mopar obsession
Re: Who is buying vehicles? [Re: grampi] #5406321 04/17/20 06:04 PM
Joined: Aug 2015
Posts: 457
KJSmith Offline
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Posts: 457
I see more new cars on the road right now than I can ever remember in the past.

There are a few homes in my neighbor hood with 2 new cars in the driveway.

Re: Who is buying vehicles? [Re: grampi] #5406324 04/17/20 06:08 PM
Joined: Aug 2017
Posts: 1,740
sloinker Offline
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I suspect that there are going to be many repossessions in the months ahead. This will depress the used car market and impinge on the new car market. The only thing that may prop up car prices to any extent is the furlough on manufacturing presently. I wholly believe that the new car market is going to see a fire-sale unlike anything ever seen before and starting this summer. You very well may see a dropout from the market among lesser selling brands, Mitsubishi, Alfa-Romeo,Fiat, Nissan/infiniti and possibly some larger dominoes being engulfed by bigger fish too. With the economy supposedly opening up, a lot of the near future car business is going to hinge on how fast and smooth that opening becomes and whether the nation is slapped back into shelter at home edicts if it opens too rapidly. Interesting times ahead.

Last edited by sloinker; 04/17/20 06:09 PM. Reason: slipped on Mopar juice

'16 Tiguan TSI Vaico 5W40
'15 VW Golf TDI Red Line 5W30 Euro
'15 VW Golf Sportwagen TDI M1 ESP 5W30
'14 Dodge Grand Caravan 3.6 Valvoline 5W20 Semi Synthetic
'64 Plymouth Fury440 Pending
Re: Who is buying vehicles? [Re: grampi] #5406344 04/17/20 06:27 PM
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Posts: 5,912
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MCompact Offline
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Joined: Jul 2002
Posts: 5,912
I'm the cross-shopper from H*ll; I'm considering a new Stinger GTS AWD, a 2019 330i M Sport, a 2017 540i xDrive M Sport(with the M Performance Power and Sound Kit), and a 2018 370Z NISMO,
Right now it's a toss-up between the GTS and the 5er. If my local Kia dealer hired techs with opposable thumbs the GTS would be a slam dunk- the 5er gains points because my local dealer is first rate. It also has the Bowers and Wilkins audio system- a $4200 option when new.


Mine:
2014 M235i
2009 Cooper Clubman
1999 Wrangler Sahara
1995 318ti Club Sport

Wife's:
2015 X1 xDrive28i M Sport


Son's
2009 328i

Buy what makes you smile...
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