Car Market Crash Deal MEGATHREAD

[littledan]

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Lower production numbers are being imposed. GM came out and unapologetically told the public - we’re keeping inventory so it matches our pricing strategy. RIP car deals

https://www.reuters.com/business/aut...es-2023-02-24/

That all sounds fine and dandy but i think gm will be forced to rethink that strategy once interest rates start smacking people in the face and they realize they cant afford 75k xlt trucks

[Darkane]

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That all sounds fine and dandy but i think gm will be forced to rethink that strategy once interest rates start smacking people in the face and they realize they cant afford 75k xlt trucks

I honestly don’t think that will stop people.

It’ll be debt and payments - because that’s how people live.

We’ll never see MSRP’s like 2019. I just priced out a new M2 with options. 100k cdn

That’s what I expect to pay for a base 911, which is now 135 cdn out the door.

L fucking OL

[littledan]

Don't forget the luxury tax. If you can afford it, good for you. [/freeland cringey voice]

[mr2mike]

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That all sounds fine and dandy but i think gm will be forced to rethink that strategy once interest rates start smacking people in the face and they realize they cant afford 75k xlt trucks

Unfortunately they've got a history of not making the best decisions and yet still get bailout money time and time again.
Maybe next time will be the last if it's shortly after this stunt?

Interesting read on the history.
https://macleans.ca/economy/business...payer-dollars/

[J-D]

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I’m starting to think they will lower production targets, keep re selling old that requires expensive maintance up keep the dealers will thrive.

We also might be in the window where people are so upside down they can’t afford to sell for less. Dealers have paid way too much for the used vehicles they can’t sell for less.

If the average person requires a f150 they can buy a xlt but it’s 70k+ now, not affordable at all, they will be forced to buy used.

Shit's gotten completely out of hand lol, 70k for an XLT. This is US but trucks are crazy these days: