Car market is scary

[Anonymous]

Anonymous wrote:Get used to higher car prices. This is the new norm. Electric cars are coming and they aren’t cheaper.
The average car price is only going to increase.

Higher car prices come naturally with inflation.

[Anonymous]

If people stopped over paying for stupid cars the problem would go away. Of course they don't though, because the govt pumped the economy with massive stimulus. It is laughable how anyone claims trillions in stimulus aren't causing inflation. Look at the disaster of the car market.

Let the sugar rush end. These types of crazes always end in a diabetic crash. A few years from now when the economy is in a recession, inventories are piling up, and dealers are desperate for customers prices will crater. Wait until then. In the meantime, just repair and maintain your car more.

[Anonymous]

Anonymous wrote:If people stopped over paying for stupid cars the problem would go away. Of course they don't though, because the govt pumped the economy with massive stimulus. It is laughable how anyone claims trillions in stimulus aren't causing inflation. Look at the disaster of the car market.

Let the sugar rush end. These types of crazes always end in a diabetic crash. A few years from now when the economy is in a recession, inventories are piling up, and dealers are desperate for customers prices will crater. Wait until then. In the meantime, just repair and maintain your car more.

Detachment from reality on display.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If people stopped over paying for stupid cars the problem would go away. Of course they don't though, because the govt pumped the economy with massive stimulus. It is laughable how anyone claims trillions in stimulus aren't causing inflation. Look at the disaster of the car market.

Let the sugar rush end. These types of crazes always end in a diabetic crash. A few years from now when the economy is in a recession, inventories are piling up, and dealers are desperate for customers prices will crater. Wait until then. In the meantime, just repair and maintain your car more.

Detachment from reality on display.

I agree with PP, not you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Get used to higher car prices. This is the new norm. Electric cars are coming and they aren’t cheaper.
The average car price is only going to increase.

Higher car prices come naturally with inflation.

Yes but also from manufacturers discontinuing cheaper compact cars and focusing on SUVs. Look at Ford and GM.
SUVs are more expensive and have higher margins.

[Anonymous]

Anonymous wrote:If people stopped over paying for stupid cars the problem would go away. Of course they don't though, because the govt pumped the economy with massive stimulus. It is laughable how anyone claims trillions in stimulus aren't causing inflation. Look at the disaster of the car market.

Let the sugar rush end. These types of crazes always end in a diabetic crash. A few years from now when the economy is in a recession, inventories are piling up, and dealers are desperate for customers prices will crater. Wait until then. In the meantime, just repair and maintain your car more.

That works if you have a car to repair and maintain. There are some situations when you need a car and overpaying is the only option.

[Anonymous]

Lots of used cars are so overpriced. Even though you still need a new car replacement, it is a good idea to look into selling the used car. Basic math.

Sell 10 year old used car for $15K. Buy new car for $30K. Now you have new tires, new battery, new manufacturer warranty.

[Anonymous]

Scary and crazy. This thread prompted me to see how much my 2013 Honda Civic is selling for at Carmax. The exact same model with similar mileage is only $1,000 less than I paid 9 years ago!

I'd like to get a new car, but this is madness.

[Anonymous]

Anonymous wrote:

Anonymous wrote: It is scary. I was going to buy a new or new-used car last year, for my 50th-but I put it off and continue driving my trusty but 240k 2011 Chevy HHR.

Runs good thankfully, not the greatest mileage and I do commute. Was going to get a hybrid/plug in hybrid. Now I just fear that someone will hit me and total it and then what??? I need this car to not be wrecked-I'll pay to repair whatever but I can't unwreck it!

I hope this market cools down.[/quote]

It won’t cool down soon. Here is why.
Car manufacturers and dealerships have realized that they can make the same profit and even more by selling fewer vehicles with higher margins. It used to be that they needed sell high volumes to turn a decent profit. They aren’t in the rush to increase volume right now. They will continue to control the supply and keep it low.

It will change because we are no longer in a low interest rate environment.

[Anonymous]

Anonymous wrote:Lots of used cars are so overpriced. Even though you still need a new car replacement, it is a good idea to look into selling the used car. Basic math.

Sell 10 year old used car for $15K. Buy new car for $30K. Now you have new tires, new battery, new manufacturer warranty.

$15000 — plus taxes and interest on financing — covers a whole bunch of tires, batteries and maintenance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:If people stopped over paying for stupid cars the problem would go away. Of course they don't though, because the govt pumped the economy with massive stimulus. It is laughable how anyone claims trillions in stimulus aren't causing inflation. Look at the disaster of the car market.

Let the sugar rush end. These types of crazes always end in a diabetic crash. A few years from now when the economy is in a recession, inventories are piling up, and dealers are desperate for customers prices will crater. Wait until then. In the meantime, just repair and maintain your car more.

That works if you have a car to repair and maintain. There are some situations when you need a car and overpaying is the only option.

That was me. My car was falling apart after 17 years. I managed to get one farther away dealer to agree and give me MSRP and fair market value for my junkie trade in. Way more than expected. He knew I am talking to dozens of dealers across different brands but comparable cross overs and my financing was solid. Else, dc area is nuts with their ‘market adjustment.’

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lots of used cars are so overpriced. Even though you still need a new car replacement, it is a good idea to look into selling the used car. Basic math.

Sell 10 year old used car for $15K. Buy new car for $30K. Now you have new tires, new battery, new manufacturer warranty.

$15000 — plus taxes and interest on financing — covers a whole bunch of tires, batteries and maintenance.

I was economical like you. But sometimes it’s enough and you deserve a new car. Now, I can start my car from the app. And listen to Apple Music. And just be safer.

[Anonymous]

Anonymous wrote:Lots of used cars are so overpriced. Even though you still need a new car replacement, it is a good idea to look into selling the used car. Basic math.

Sell 10 year old used car for $15K. Buy new car for $30K. Now you have new tires, new battery, new manufacturer warranty.

Why new car is 30k? Lol. Try $50k - and not a luxury brand. Hondas and Toyotas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lots of used cars are so overpriced. Even though you still need a new car replacement, it is a good idea to look into selling the used car. Basic math.

Sell 10 year old used car for $15K. Buy new car for $30K. Now you have new tires, new battery, new manufacturer warranty.

Why new car is 30k? Lol. Try $50k - and not a luxury brand. Hondas and Toyotas.

On what planet? I just bought a brand new Subaru Outback for $32K.

In another market I probably would have bought a hybrid. But my family’s only car had died and you know what they had on the lot? Outbacks. So that’s what I bought. Not complaining, it’s a great car, but the market is what it is right now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lots of used cars are so overpriced. Even though you still need a new car replacement, it is a good idea to look into selling the used car. Basic math.

Sell 10 year old used car for $15K. Buy new car for $30K. Now you have new tires, new battery, new manufacturer warranty.

Why new car is 30k? Lol. Try $50k - and not a luxury brand. Hondas and Toyotas.

Exaggerate much? Idiot. Try not buying a stupid SUV.

I can’t believe anyone finds useful “advice “ on this forum.