Before it gets too political - an opportunity to save by buying my vehicle!

 

 

But wouldn't it be fun to watch the US government decimate the car industry? Blowing anything up is fun to watch, call me crazy.

PS On a similar but different note I was talking to a local large exotic car dealer who said sales over the last 3 months have been nonexistent. Terrified.
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Look at Audi dropping the price of new R8s by $50K this year. Classic hyper inflation to catastrophic deflation through demand destruction.

 

There is no lack of easily the easily spooked; it's why the stock market whip saws at the slightest news or rumor. As I opined earlier this week; The sky is not falling.

 

It's so much more fun when it falls.

There is definitely a buyers market taking hold, I think it has to do with three things...

1. Crazy new car price inflation from piles of new nanny regulations and lots of buyers jumping on sub-prime $100K+ 72-144 month loans. We all remember how the last Earth-wide sub-prime bubble ended.

2. 85% of luxury brand sales have been leased for years, now the used market is flooded with very low milage, visibly pristine cars still under OEM warranty.

3. Wage reductions are taking hold, finally ending 20 years of flat wages. "Middle-class"now makes an avg of $41K/yr. IOWs there is no middle class.

 

I agree with your other points but what do you mean by wage "REDUCTIONS"? Isn't the idea for wages to increase? Unfortunately, they are remaining flat, flat, flat so nothing there. Nobody making $41K/year is buying an F-Type. Well, nobody who is fiscally responsible anyway.