Consumers had flocked to bargain events early this year, even for discounts at beleaguered Toyota Motor Corp., where massive recalls have raised quality control issues. But fewer shoppers are showing up at dealerships now and the previously fast pace of fleet sales is starting to tail off, said industry analyst Brian Johnson of Barclays Capital.
(snippet)
"It is a difficult time to do business. I think we will see more dealership failures before this is over," said Jack Nerad, an analyst at auto pricing company Kelley Blue Book. "Some have been just hanging on and just won't survive to better times."
>worse year for car sales than analysts had anticipated<
ReplyDeleteHa-ha, I am rolling on the floor from laughter. Who are these analysts? Can you guys imagine how they brainwashed the average Joe Blow in the States and Canada. People no longer think for themselves and watch what the “analysts” are going to say on CNN. Hey, watch anything you like, but you can kiss goodbye your lifestyles, your pensions and your future. Listen more to these dorks on CCN Financial. I didn't realize the GMO is so potent and dangerous. Now I can clearly see the proof.
Not far from me is a former Auto Mall. The city has no idea what to do with the property. Think about it... huge parking lot and a small showroom.
ReplyDeleteBeen out of work for 2 years.
My car is 17 years old.
I wouldn't know that "new car smell" if it hit me head on.
On the other hand, my local gun shop is "booming" with business. It's a great time to own a gun shop my friends.
Hey let me tell you another reason.
ReplyDeleteI have a 3 year old Toyota Tacoma.
I bought it because my '93 Toyota truck went over 200,000 miles and I never did anything to it but change the oil and wash it.
My New Toyta has less than 40,000 miles on it.
I have had to replace 1 clutch.
2 bad valve guides.
1 rear spring assy.
And now it it leaking oil by the quart.
This is the worst car I have had since my '76 duster.
When it comes to TOYOTA buyer beware.
"Have a seat and a cup of coffee". "Let me talk to my manager". "I KNOW I can get you top dollar for your trade in". "Never before was there a better time to buy a new car". "We want to put you in one". "I will take this to my shit ass manager and see if WE can screw him a little". "Ha Ha"-------"Can you put in just another thousand on your down payment"? "The banks are kinda crappy in these times we are in"?
ReplyDelete"You can take the new car home tonight if you can find say "$1500.00 more on your last offer"!! "We are as low on this as I have ever seen us go"!!!
"We sure need your old car, have another cup of coffee"!!! "We are losing our butt on this sale, let me tell you"!!!!
@8:50 Choosing a car is kinda like choosing a politician: "You pick the piece of shit that you like the best!"
ReplyDeleteBuying new cars is one of Americans' greatest follies. I've never owned a new car, and I drive stylish, great cars. I have mechanical expenses now and then, but I have never made a car payment in my life.
ReplyDeletesome businesses wont make it to better times . What a joke somebody tell them morons the better times are gone forever.
ReplyDeleteWho can afford a new car these days? I'm just lucky to be able to afford to buy cheap groceries these days.
ReplyDeleteMy last new car was bought in 1984. A massive piece of crap Ford Tempo. It began to self-destruct as soon as the warranty ran out.
ReplyDeleteSince then I have never paid more than $2500.00 for my cars. I drive them till it's no longer practical for me to repair them, then I have them towed away.
Still no job for little 'ol me. Today I used my pressure cooker to make a big batch of vegetable soup with most of the veggies from my garden. I then bottled 2 quarts of the stuff for another day.
I can bake a loaf of bread for about 50 cents, but I can't ever expect to buy a new car, not ever, or until the car makers can figure out how to build one for about $2500.00
lots of empty car dealerships in them there hills of So cal.
ReplyDeleteOuch
The car dealer game is and always was one of the worst scams ever run against the American consumer. Some of the absolute worst people in the US are and have worked their crime within it. This means the big dealers and some of the little ones. When selling someone a car or truck, the intention is to get the very most squeezed out of them possible. It is a strictly unfair game and the joke is on the average consumer, which fuels the crime. It has always been this way. A dealer pays xx for a vehicle, puts lipstick on the pig, and jacks it up to XXX and with financing, pulls a criminal price out of the poor buyer. Behind the scenes at the dealerships, the customer is ridiculed, screwed, laughed at, and called various names such as dumb-ass, the next sucker, shit faced slimebags, just to mention a few of them. The salesmen, intermediate management, and owners consider their customers as idiots to be fleeced, and deeply at that.
ReplyDeleteI hope new car sales crash and become almost a thing of the past. I also hope a new system for buying cars comes into play in the United States. I hope for an awakening of the buyers, although I am not thinking it will happen. Someone needs to come up with a way that people can buy a car--fairly. No one knows what cars are worth--so that is the problem. They are worth what we are told--period--although we think we can dicker them around and lower the price, but all this is carefully orchestrated and no one but the dealer wins.
Wake up American to this subject, as well as hundreds of other subjects. Stop the stupidity and financing and money made to dealers and banks. There has got to be a better way.
I would love to trade my 06 duramax in for a shiny new one. Just a few things stopping me.
ReplyDelete1) I hear tales the new after burner device to burn off the diesel soot destroys the mpg.
2)My truck only has 26k miles on it and it's paid for.
3)I have grown to resent the unions owning part of GM when the stock holders got screwed.
4)I was pissed when the fed bailed GM out with billions of public $ and they filed bankruptcy anyway.
5) I refuse to buy a vehicle from borack obamo. He is turning out to be a snake oil salesman.
I know this story is so old, most of you were not yet born.
ReplyDeleteIt was 1977. I fell in love with the VW Scirocco. I read in Consumer Reports that the car was pretty nice and it had an MSRP of $6995.00. I was OK with buying a new car for 7 thousand and started my search.
I walked onto a VW dealership and saw a line of Scirocco's, all priced in the $11-12 thousand dollar range. The nice salesman walked up to me and offered his help.
I had a puzzled look on my face when I asked him why the price was 5 thousand more than MSRP. He said that's what people are willing to pay to have it. I said I will only pay MSRP and he practically kicked me off the property.
I continued my search and when I was done, I drove off in a brand new Scirocco for $7,025.00 out the door.
The cars don't need to fall off the cliffs--The dealers are the ones that need to fall.
ReplyDeleteBlame is to the dealers, yes, but a large part of it goes to the "Regional Factory Distributor" ----which supplies the various dealers. There is a high ranking type that heads up these factory distributorships. They have the dealers by the yang-yang, because they control the volume of the inventory, or units. They also play "factory to dealer incentives" and "dealer holdback". Holdback means that the dealer has to sell a certain number of units by make and model to get his holdback down the road. Actually a dealer can sell a car or truck at less than his cost and still make money through the "holdback". These people are largely responsible for the snake like actions of car dealers. Also you need to watch out for the Car Dealer "Pay Plan for their salesmen. A salesman can earn anywhere from nothing to plenty on a given sale. He/She has to know how to work the pay plan, and make gross profit for the dealer, to actually make any money. The pay plan turns the salesmen into snakes. Either that, or go fry hamburgers at McDonalds.
ReplyDeleteAll the way down the line in the car business you find snakes. Some by choice, some by necessity to earn money. If you have ever been in any phase of car dealership employment, you probably have a good idea of what I am talking about.
America is bankrupt as credit supply for america began to be shut down in 2008, After a financial coup to socialise the losses and banksters and big manufacturers like GM to try and kick-start a dead economy , the countries economy is now mainly driven by government deficit spending and money printing "stimulus"for the “recovery” banksters fraud credit driven economy.
ReplyDeleteThe subsdised /nationalised car industry is only being preserved on the government teat for militarism, as at least a bit of a manufacturing base, if their is a need to ramp up military production in war time.
Pre-crisis The US was using its dollar hegemony to suck in trillions in credit in recent years, by selling Treasury bills ,sub prime bonds , Fannie and freddie and other dud bonds that created a Ponzi bubble .But the US Economy run out of scams and could not afford to pay its promised interest and bond dividends in real value. The dollar Hegemony was dying in a pile of unpayable shitty debts.
Without that income from foreign credit supply boosting the American bubble economy there are no real profits to be made in American car manufacturing today.
Under the free trade Globalist production and wealth distribution system , with the collapse of the international credit supply and the US Ponzi economy bankrupt ,there are no longer many jobs on the rich world for an unproductive of profits subsidised and overpaid US labor Aristocracy . American capital and the jobs it owns has now moved on as the economy imploded. Because Profits can still be made in cheap labor production in China And Thailand where real profits can be got from labor for First world companies like GM and Toyota
The high paying jobs and pension subsidies the American and Japanese First World car workers thought they owned in American industry ,have been shifted to the Third world ,to countries like China and Thailand by the real owners of the jobs -capital. .
Things are going very well indeed for capital . G.M as a Chinese and Thai
manufacturer is creating more cars in asia than in America.
It is now an “Asian” brand . Boom time! But fake “recovery” and only paper profits in de-industrialised America. Eat up your food stamps americans you wll not need a car to drive to work anyway . The jobs are still going .
As well as in China ,Patriotic Ford is investing a half a trillion $ more in Thai car factories .
GM investing big money in Thailand too. Subsidised by bailout money for GM from American taxpayers !
America is bankrupt as credit supply for america began to be shut down in 2008, After a financial coup to socialise the losses and banksters and big manufacturers like GM to try and kick-start a dead economy , the countries economy is now mainly driven by government deficit spending and money printing "stimulus"for the “recovery” banksters fraud credit driven economy.
ReplyDeleteThe subsdised /nationalised car industry is only being preserved on the government teat for militarism, as at least a bit of a manufacturing base, if their is a need to ramp up military production in war time.
Pre-crisis The US was using its dollar hegemony to suck in trillions in credit in recent years, by selling Treasury bills ,sub prime bonds , Fannie and freddie and other dud bonds that created a Ponzi bubble .But the US Economy run out of scams and could not afford to pay its promised interest and bond dividends in real value. The dollar Hegemony was dying in a pile of unpayable shitty debts.
Without that income from foreign credit supply boosting the American bubble economy there are no real profits to be made in American car manufacturing today.
Under the free trade Globalist production and wealth distribution system , with the collapse of the international credit supply the US Ponzi economy is insolvent ,bankrupt ,there are no longer many jobs on the rich world for an unproductive of profits subsidised and overpaid US labor Aristocracy . American capital and the jobs it owns has now moved on as the economy imploded. Because Profits can still be made in cheap labor production in China And Thailand where real profits can be got from labor for First world companies like GM and Toyota
The high paying jobs and pension subsidies the American and Japanese First World car workers thought they owned in American industry ,have been shifted to the Third world ,to countries like China and Thailand by the real owners of the jobs -capital. .
Things are going very well indeed for capital . G.M as a Chinese and Thai
manufacturer is creating more cars in asia than in America.
It is now an “Asian” brand . Boom time! But fake “recovery” and only paper profits in de-industrialised America. Eat up your food stamps Americans . You wll not need a car to drive to manufacturig work anyway .
The jobs are still going . As well as in China .Patriotic Ford is investing a half a trillion $ more in Thai car factories .
GM is investing big money in Thailand too. Subsidised by its owner, the government, with bailout money for GM from American taxpayers!
Bankruptcy is eating the Economy like worms. Job cuts and less working hour are the biggest problem in the United States. I think Obama should be held responsible as he is not doing anything
ReplyDeleteAudi car parts
I just came from the Acura dealer yesterday. It IS bad. They have brand new cars that are over priced, and some used ones they want MSRP for. Car dealers don't know how to give a good deal on a car, thus nobody is going to buy. The manufacturers don't care about aesthetics either they just want to make a huge profit on something that only cost them about $7000 to manufacture.
ReplyDeleteThe manufacturers and dealers need to wise up. Nobody is going to buy these cars and they are going to continue to have problems selling them at these inflated prices.
Buying a used car is the ONLY way to go now! The depreciation on an Acura is IMMENSE!!!!!!!!!! I'm telling you "excellent value" a $33,000 acura is worth under $15,000 in 5 years HOW IS THAT AN EXCELLENT VALUE??? Let the yuppy who has his cush job and evil stocks take the hit on the new luxury car and buy it when he runs out of money.
I do think what would help the car industry in United Kingdom is if the British Government reintroduced the £2000 off a new car. This certainly helped the automotive sector within the UK. With the ending of this, sales of various ,car models have dipped proportionately.
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