Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Guess OP doesn’t know what “bubble” means.

Enlighten us please. A bubble in most people’s minds means inflated prices that are not sustainable. What’s your definition?

In a bubble, prices rise because of speculation or irrational exuberance. The actual underlying value just isn’t there to sustain it.

Car prices went up because actual demand exceeded actual supply. It’s just basic market behavior.

Car prices will come down when supply levels equalize. Not just because speculators pull out.

Actually, excess demand is also a factor behind bubbles. Not just speculation. Either way, it's a bubble, and signs are pointing to it bursting. Not enough signs though, I agree. Not until the chip makers catch up.

Not a “bubble”. Just a spike and prices will level out in time.

Just normal market fluctuations.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Guess OP doesn’t know what “bubble” means.

Enlighten us please. A bubble in most people’s minds means inflated prices that are not sustainable. What’s your definition?

In a bubble, prices rise because of speculation or irrational exuberance. The actual underlying value just isn’t there to sustain it.

Car prices went up because actual demand exceeded actual supply. It’s just basic market behavior.

Car prices will come down when supply levels equalize. Not just because speculators pull out.

Actually, excess demand is also a factor behind bubbles. Not just speculation. Either way, it's a bubble, and signs are pointing to it bursting. Not enough signs though, I agree. Not until the chip makers catch up.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Guess OP doesn’t know what “bubble” means.

Enlighten us please. A bubble in most people’s minds means inflated prices that are not sustainable. What’s your definition?

In a bubble, prices rise because of speculation or irrational exuberance. The actual underlying value just isn’t there to sustain it.

Car prices went up because actual demand exceeded actual supply. It’s just basic market behavior.

Car prices will come down when supply levels equalize. Not just because speculators pull out.

It is artificial demand. WFH we need less not more cars

Depends. Lots of people are move away from walkable cities to car-dependent cities, suburbs and exurbs. You just need two cars in a Austin exurb. There really is no way of getting around it. Biking isn't feasible due to infrastructure and distances are too far to walk. Heck, half the neighborhoods don't have forest trails or decent sized parks. And public transit is a joke. Even if both parents work from home, you need 2 cars since kids have activities, you may need to do shopping, and you sometimes still need to go to work. In the vast majority of America, a car is essentially for ever person in the household over the age of 16. For all its fault, the DC area isn't that bad.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Guess OP doesn’t know what “bubble” means.

Enlighten us please. A bubble in most people’s minds means inflated prices that are not sustainable. What’s your definition?

In a bubble, prices rise because of speculation or irrational exuberance. The actual underlying value just isn’t there to sustain it.

Car prices went up because actual demand exceeded actual supply. It’s just basic market behavior.

Car prices will come down when supply levels equalize. Not just because speculators pull out.

It is artificial demand. WFH we need less not more cars

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Guess OP doesn’t know what “bubble” means.

Enlighten us please. A bubble in most people’s minds means inflated prices that are not sustainable. What’s your definition?

Cars selling 10k to 20k over MSRP is a bubble. My 2017 car just total I got offered $6,000 more than I paid for it 6 years ago!!!

Because actual supply can’t keep up with actual demand. Not artificial demand created by speculators.

Anonymous wrote:

Anonymous wrote:Guess OP doesn’t know what “bubble” means.

Enlighten us please. A bubble in most people’s minds means inflated prices that are not sustainable. What’s your definition?

In a bubble, prices rise because of speculation or irrational exuberance. The actual underlying value just isn’t there to sustain it.

Car prices went up because actual demand exceeded actual supply. It’s just basic market behavior.

Car prices will come down when supply levels equalize. Not just because speculators pull out.

I hope it's true. I was completely disgusted by the greed of the dealers who were marking up new cars just to take advantage of people in the pandemic. My car brand loyality is gone.

Anonymous wrote:Demand is still substantially higher than supply. And the supply chain issues persist so the supply won’t be getting better anytime soon.

Not true. VW sales have been falling pretty hard last few months.

Anonymous wrote:

Anonymous wrote:Guess OP doesn’t know what “bubble” means.

Enlighten us please. A bubble in most people’s minds means inflated prices that are not sustainable. What’s your definition?

Cars selling 10k to 20k over MSRP is a bubble. My 2017 car just total I got offered $6,000 more than I paid for it 6 years ago!!!

Demand is still substantially higher than supply. And the supply chain issues persist so the supply won’t be getting better anytime soon.

Anonymous wrote:Guess OP doesn’t know what “bubble” means.

Enlighten us please. A bubble in most people’s minds means inflated prices that are not sustainable. What’s your definition?

Anonymous wrote:Guess OP doesn’t know what “bubble” means.

Clearly.

Guess OP doesn’t know what “bubble” means.

Mercedes?

In the market new car. VW is doing $1,000 rebates for July 4 and GM is bringing back zero percent down zero perfect interest loans for July 4th.

So light at end of tunnel.