Car Market Crash Deal MEGATHREAD

[Buster]

Every time I type out MEGATHREAD, I think ES gets a twitch in the eye.

Anyway, it's going to be fun watching things circle the drain as we go into the recession, supply chains catch up, EV tech shits on everything with boring EV fecal spray, etc etc.

@killramos already mentioned Land Rover building up inventory on the lot. And Mercedes seems to be doing the same.

Like most things, I think this starts at the high end, then will move down to more mass market and up to exotics.

[ExtraSlow]

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Every time I type out MEGATHREAD, I think ES gets a twitch in the eye.

This is true.

I don't predict a significant crash in "normal" vehicle values, but the the edge-cases at the top end will likely see significant erosion.
What I'm really hoping to see is better inventory and availability. If order times go down to under 6 months on popular PHEV's, for instance, that's what I'm hoping for.

[Buster]

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This is true.

I don't predict a significant crash in "normal" vehicle values, but the the edge-cases at the top end will likely see significant erosion.
What I'm really hoping to see is better inventory and availability. If order times go down to under 6 months on popular PHEV's, for instance, that's what I'm hoping for.

I think you will see significant erosion in normal vehicle values. Companies have been putting no capital into upgrading their ICE engineering, and almost all of the key components have been amortized down. I think the ICE portfolios will become the bargain option, and companies will compete on price with them.

[94boosted]

Bring it on, need to get back to the days of dealers calling their customers and actually trying to make a deal happen. This full price + ADM/predatory loan + wait for 6-12 months for a car bullshit has to stop.

[Buster]

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Bring it on, need to get back to the days of dealers calling their customers and actually trying to make a deal happen. This full price + ADM/predatory loan + wait for 6-12 months for a car bullshit has to stop.

this is happening already. I've gotten lots of calls over the last few months.

[killramos]

It’s beautiful

[DonJuan]

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This is true.

I don't predict a significant crash in "normal" vehicle values, but the the edge-cases at the top end will likely see significant erosion.
What I'm really hoping to see is better inventory and availability. If order times go down to under 6 months on popular PHEV's, for instance, that's what I'm hoping for.

I want my Volvo V90 PHEV... dammit

[ExtraSlow]

the market coming down is beautiful. I'm hopeful that you are correct in the whole market going down.

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I want my Volvo V90 PHEV... dammit

#interested

[94boosted]

I've had two deposits for a particular sports car, one for 10 months and one for 5 months, nothing, not a peep, no allocation, no word on if I'll even get a car for spring.

[Buster]

Buying a car in the last year is going to prove to be painful.

[vengie]

#excited

[Rocket1k78]

Its going to be ugly indeed. I was never an EV guy but with the recent price drops and my wifes new business requiring her to drive all over the city ive been looking hard at the model Y...... I was browsing kijiji and autotrader last night and a ton of dealers and private sellers are due for some major price reductions.

[tha_bandit]

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I want my Volvo V90 PHEV... dammit

hopefully they don't kill wagons here like the US, but yes need some better inventory finally

[94boosted]

I think pickup trucks are most in need of a correction. The last 1/2 ton I bought was a 2018 F150 Lariat 3.5EB, sticker on it was just over $72K, I paid $53K. That same truck is now $90K, with $0 off the price

[R-Audi]

I had one of the local Toyota dealers ask about returning my 4Runner early and use the equity towards a new vehicle.. asked about a Sequoia... 2-3 YEAR waiting list. Ouch. I have a feeling that the sought after vehicles will stilll be in demand...

[Buster]

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I had one of the local Toyota dealers ask about returning my 4Runner early and use the equity towards a new vehicle.. asked about a Sequoia... 2-3 YEAR waiting list. Ouch. I have a feeling that the sought after vehicles will stilll be in demand...

that's probably more of a supply issue than a demand issue.

They are probably putting more of the parts that are limited towards the trucks, since it is the same platform.

[Twin_Cam_Turbo]

Hoping for a $50k 997.2 Carrera S eventually…

[killramos]

For some reason Porsche prices are still fully irrational.

[roopi]

So has anyone got a deal on anything or is this crash still imminent? Everything I've looked at is priced the same as it has been for the past year.

[rage2]

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So has anyone got a deal on anything or is this crash still imminent? Everything I've looked at is priced the same as it has been for the past year.

Still too soon. Manufacturers jacked up MSRP so everything is still inflated. I’d say by March or April the deep trunk money is going to start coming down to clear 2023s, unless inventory becomes a massive issue. There’s still a decent number of 2022s, and they’re getting huge 2-3% interest rate discounts for the 4 square buyers.

Tesla basically cut all that BS and dropped prices instantly haha.