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Are Automakers About To Hit The Panic Button?
There is a major problem brewing the US Auto industry... and therefore the US economy.
Automakers just unleashed a massive production surge to keep the dream alive...
With inventories at record highs (having risen for 61 straight months)...
Which would be fine if sales were keeping up - but they are not...
And now the subprime auto loan market is set to collapse...
And here's why stock markets should care...
To sum up...
The only way automakers are making sales is by lowering credit standards to truly mind-numbing levels.... that cannot last.
China's economic collapse has crushed forecasts for the automakers.
Inventories are already at record highs.
And July saw a massive surge in producton.
What comes next is simple... a production slump - just ask The Atlanta Fed.
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The solution of course is more .gov bailouts.
Just blow up the inventories. Milk insurer AIG. Problemo solved.
We just bought our daughter a new car for college.
To my surprize the dealer gave us more discount everytime we walked towards the exits to check cars in the lot.
At the end, he stopped going down anymore so we asked for a better price on our trade which he matched our expectations.
They are getting the feeling that the inventory must be blown away before customers disappear.
Sounds like it's time to outlaw those older, evil cars.
This jobs program will not be denied! (especially with POTUS selection coming up)
I test-drove a 2016 'Vette last weekend just for shits & giggles. Handles great; 465 lbs/ft torque with 465hp pkg, beautiful, looks like a Ferrari. But at $60,310 + tax, etc and with the most obnoxious smell of gasoline in the cabin, I wouldn't have bought it even if I could afford it. Felt a little frail like it would break if it hit a sidewall against an acorn. Maybe just me, but I have always 'loved' 'Vettes and was pretty disappointed overall.
In California, that would be nearly $6K in sales tax alone!
Ummmmm....remember this, folks????
http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die
I think I know a way how they can take care of excess car inventory:
http://www.zerohedge.com/news/2015-08-13/one-way-china-deals-its-massive...
Build, store, explode...start over again.
And can we just get rid of the fucking "united" auto workers union for fuck's sake???????? geeez enough of them already.
and here's a little diddy...bout license plates, registrations, and taxes.
Why do we need them anymore, ay???
It's a total fucking scam just like every other government agency scam.
There must be at least a dozen different, better, and less taxing and time consuming ways to license a fucking car without us needing to pay for it every other year and having to sit in a the fucking death camp which is the fucking DMV.
Why aren't all cars manufactured with a MAC address? Or some other form of coding that is already it's "license plate". I don't know...maybe we could call it something really simple like...hmmm....I dunno...let's say we could call it a Vehicle Identification Number or VIN#.
That's just for starters. This hypothetical "VIN#" or infinite type of digitized MAC address could be infintely unique so that every single car on the fucking planet could be easily electronically identified by something like a, oh, I dunno...an RFID chip that could be scanned by a device that reads RFID signals and entered into a computer program which connects to a database that stores all the MAC or VIN# addresses of every fucking vehicle on the fucking planet.
Would that really be so fucking hard? I don't know. Maybe we could use this type of system with cell phones or computers too so that they could be identified by their unique identifying codes on a network. Just a thought. It might make a lot of things much more simple to locate or identify PC's and cell phones in case anyone wants to create such a system.
But I could be totally off-base with this, so I'm open to other options.
But in case I'm not off-base with this vehicular identification system...then please allow me to continue this free-writing theory...
So with this type of system of individually identifying a vehicle, we could completely wipe out registration fees. All vehicles off the assembly line would have a unique VIN# and once registered to the owner would be used as it's electronic identifier based on an RFID chip or even the last 6 or 7 digits of the unique number on a plate on the back of the car....if need be.
Otherwise, the electronic VIN# ID would be scanned by a computer system that police could use (which I think they already do based on an RFID chip already embedded in a thing called a FUCKING LICENSE PLATE), so that they could identify the make, model, current and/or last owner of the vehicle based on this thing called a VIN#.
If a car is totalled...the VIN# is destroyed w/ the car. If a car is sold....well....seems like that VIN# or RFID number would transfer to the new owner.
A fucking website or a thing called a "database" could be used to register and track the owners and VIN#'s of all vehicles. And with today's technological advances it would cost virtually nothing and could be run by probably just a handful of humans. This would eliminate anyone needing to pay anything at all....or at least maybe dramatically LOWER any costs of transfer, because people could just log onto a fucking website and conduct the transfer on their own.
There would be no need for any kind of sticker of registration on a fucking license plate. There would be no need for people to sit in a fucking death camp called the fucking DMV. There would be no more license plate production costs or registration taxes.
I don't know...this is just a thought.
Anyone have any other idears to add to this? I know I'm open for discussion about this. But I don't think the fucking, sociopath, Gov-Scum are going to be as open to it as I am. Call it a fucking hunch.
Hey...if these mother fuckers want to use all this spy technology against us...then let's come up with ways to use it against them and put them out of the business of taxing us.
Technology can be used for good...it's supposed to be used for good. We don't have to sit back and let these scum sucking sociopaths use technoogy against us in this day and age as a further way to enslave us.
And that's exactly what they're doing to us. Let's come up with ways to use it agains them.
LET'S US IT TO PUT THEM OUT OF "BUSINESS"!!!
Let's force anyone who we think is worthy of our votes (if we choose to vote anymore) to submit bills and laws to use technology for the people and against the government.
That's what our Reps are supposed to be for. And no government is supposed to use technology as an instrument of evil against us.
This is just one idea regarding one small subject.
There can be thousands of more ways to use technology against the government if we start the dialogue and get the creativity going together against these fucking criminal scumbags.
Here in the Commonwealth, we have by the enabling law, that the Registry of Motor Vehicles shall be a break-even proposition. However, they make a huge "profit" every year, so break-even goes by the wayside.
Our turnpike (I-90) was to have its toll booths torn down when the initial bonds were paid off through the tolls. You already know the answer to this.
RI has just built a new bridge (thank the gods) to get from the mainland to Newport, (complete with bke lanes!). The legislature is voting (have voted?) whether to put a mere $0.10 toll into place (toll reading equipment already installed). That's 'cuz if there is no toll placed initially, then no toll can be charged later.
That is correct, they were supposed to have outsourced that function to G0OG.
- Ned
I'm in Florida...
all the fucking toll-ways were also supposed to have been temporary to fund this, that and the other thing...but 25 years later are they gone????
No fucking way...now they are used as a complete tracking system with GPS tracking toll devices that people have to put in their cars if they want to get through the toll booths and all those toll-ways are literally COVERED with cameras all over the place.
If you don't have a pre-paid toll tracking device while driving along those toll-ways then each toll gate has like 100 cameras to take pictures of your car.
It gets a picture of your license plate no matter what...then you get a bill in the mail for the amount of the toll.
The other major scam going on in Florida is that the pre-paid toll devices that people pay for to put in their cars are getting double-charged when they drive through a toll booth.
So someone may pay 50 or 100 bucks up front for so many passes through a toll booth. But the fucking system is sucking their account dry double-time and the people have no recourse against it. The company running the toll booths has ZERO accountability for stealing everyone's prepaid money and they are also counting on most people being SO FUCKING STUPID TO HARDLY EVEN NOTICE ANYWAY.
kinda my point in the above post. People are so fucking stupid and apathetic that they don't see that they can turn all this around against the sociopathis GOV-SCUM if we all just get together and put our efforst into it.
I always ask myself if horses in the old west needed to be registered and insured.
back then I think some asshole who woulda come up with a fucked up idear like that woulda got a .45 right between the eyes.
Sounds like a proper reaction to treasonous un-Constitutional tax sucking scumbag as far as I'm concerned.
This was to take out those cars pure and simple.
You could still buy a Ferrari with 1k down and 8 year plan
New Hampshire no sales tax. You are all suckers.
How much does booze cost?
The ramp up in production is to get the 2016 models into the dealer's showrooms ... where they will sit till 2017.
Time for EPA, FBI, DOA, NRLB, HHS, IRS, NOAH, NASA, DPW, NSA, DEPT OF INFERIOR, VA, HEW, OSHA, ... to "buy" new car fleets and gubmint to raise taxes.
Hey! I have an idea. How's about the car manufacturers lower the prices of their new cars? I saw it on a Supply/Demand Curve once. Apparently, there's this new fangled "science" (he he he) called "Economics" that suggests that if you lower prices then you can sell more units or something.
Oh, but then they'd have to admit that their inventory ain't worth as much as they say it is. And then the CEO would have to admit that the company isn't worth as much as he sez it is, and he too is not worth as much .... - Okay, I got a better idea now. How's about we just increase the time period so we can lower the repayments? We can still charge a deposit - people can pay that with their credit cards! And then we'll charge a great big "balloon" payment at the end of five years ... of course they can't afford the balloon payment - we'll just repossess the car instead and use it as a deposit on their next car -What? The nineties want their ideas back? Well, I guess we can just lend money to idiots... one of them might get lucky ...
I've got an idea: Let's make prices really expensive and use dodgy financing methods to sell a couple of units so we can over-inflate our own net worth. We're gonna need some dodgy accountants too. Luckily we live in a "Capitalist" world so "excess capacity" doesn't exist! Weeeeeeeee're soooooooooo efficient! He, he, he ....
(Psssst! Can you hide this excess inventory for me? No you CAN'T sell it cheap. Hide it! Burn it! Sell it expensive but with dodgy loan repayment plans ... But whatever you do, YOU CAN'T SELL IT AT A PRICE PEOPLE CAN AFFORD! We'd better add some more fancy shit so we can jack the prices up ...)
Lookit those inventories! Now the hard-working auto-workers can have a well-earned day off! Seriously guys! On full pay! We'll call yas back when inventories are low again ...
Why duz no-one believe me???
Liquor is a state monopoly and is pretty reasonable. State stores are strategically placed so out of staters (e.g. Massholes) get lugged twice at the toll booths.
High meal taxes and high property taxes, though. Over-run by flatlanders so "necessary" "services" list increases.
Home of David Souter.
- Ned
New Hampshire: Sales tax = zero
Property tax an a medium sized, nothing special house: $8,000 per year.
Ain't no free lunch.
NH is great if you make a lot of income, horrid if you don't.
Both own medium sized older house:
1) Family income $200,000 property tax $8,000 Income tax = zero Total $8,000 or 4% of income.
2) Family income $100,000 Property tax $8,000 Income tax = zero Total $8000 or 8% of income.
3) Family income $40,000 ...................................................................................20%
4) Family income $20,000 (one person is out of work and cannot find work.................40%
5) Family income 12000 (SS only) .........................................................................67% = ruination, sell, though in some areas of the state nobody is buying.
Everything is relative.
well....I guess I hate New Hampshire then...
don't like the stupid name very much either. Too "Englandy" sounding for my likings.
And I despise Royalty Scum sounding things....
"Live Cheap or Die!"
I have relatives in Rochester, NH. You can buy a really nice house there for 200k, and the taxes are about $4,000. You can buy a tolerable house for 100k, and the taxes are about $2,000. There seems to be some variation, or else your idea of a "medium sized, nothing special house" is actually a pretty fancy house.
Heating bills $8K.
How's the property and real estate taxes in NH working out for you?
Dontgoforit. Some years ago, I saw a Vette parked on the street get sideswiped by a bus. It got pushed up onto the sidewalk and hit a telephone pole which resulted in the entire passenger side of the fiberglass body being split in half. I vowed never to get a Vette after seeing that.
If they start making cars that are simply cars again, I will buy a new one.
Not ones with wifi and bluetooth and ways to tell your friends when you just jacked off in a traffic jam without taking your hands off the wheel.
Just make a damn car. I only need AC. That's it. I will put in my own stereo if needed and I dont even need power windows or locks.
$30-50k for a car? Does it run on angel tears? Was it made with Cecil mane plush seats?
Maybe they should spend more time on finding out how to make shit that doesn't break in 4 years.
If they can re-master an ignition switch then we will talk.
pods
Heated seats are a nice touch.
Maybe in the North, but down here we don't like Swamp Ass. :)
Funny sort of OT story. Went to lunch one day with friends. Rode in her Jetta. It was summer in NC, and that means it was about 100 give or take. On the way back from the restaurant, I noticed that no matter how high the AC was up, I could not seem to cool down.
I kept it to myself until I turned and saw 3 shitheads giggling while I progressed along the Swamp Ass highway. Damn heated seats got me.
pods
not just that, but I don't particularly want something thats connected ot a cell tower/internet/satellite all the fucking time. Worst case, it can be hacked or turned off remotely, as we've seen in recent weeks with those guys from 'wired'. also, it always knows how fast you are going to tell on you, and its just more stupid shit you don't need.If you've never read anything by Eric Peters, you should check him out, he writes a lot of good stuff on this subject, much of it gets posted on LRC.
Pretty much any major maufacturer COULD make a reliable car that has AC, power windows, etc, and functions reliably for less than 10k, but they won't, and govt regulations prohibit them from doing so by constantly adding new shit that must be on the cars.
"it can be hacked or turned off remotely"
It will be mandatory installed and the NSA/CIA/FBI will have access - already done with Michael Hastings' "inexplicable car accident".
I have heated seats in my 2003 king ranch...IMHO - 2003 should have been the year to stop adding electronics and more complex bullshit
Indeed. I like to work on cars as a hobby but I refuse to work on cars made after 2000. After that it's not fun anymore.
Not so much in south Florida.
AC seats are the bomb...Highly recommended...Ass crack sweat evapaoration is something everyone should experience
does it have a fart filter? my family would payup for me to have one..............:)
OMG! Yes, a fart filter. Our Expedition has a filter on the heated/air conditioned seats. We laughed ourselves silly when we had to change the "fart filter" on the seats. Lol
'ain dat good in HI, bruthah...nic'n'warm ovah hea, wif you gets 700 dollah just fo' steppin' off d'plane...
"Heated seats are a nice touch"
Touched seats are a nice heated.
"Maybe they should spend more time on finding out how to make shit that doesn't break in 4 years."
They already know that. They had to figure out how to make shit that DOES break every 4 years. That was the 1970-80's.
Ah, the 70s. Thankfully, the cars Detroit made then are all long gone. No one misses them.
Nick --- you are welcome to ride along the beautiful florida panhandle in my 1979 buick lesabre; you will realize the absolute absurdity of your comment
https://picasaweb.google.com/109720747160469133931/BamaWatson02#53553540...
Or my '72 Cutlass droptop....
My 1976 Monte Carlo from college days is greatly missed.
Wouldn't give up my 1973 convertible Corvette if you paid me to...
I miss my 1970 Firebird every day :(
I miss my 1974 Roadrunner that popped wheelies and nothing in town could touch it 0 to 60 mph
where did you park it ?
I had a 72 Firebird Formula 455, ran like a raped ape. Traded it in for a 77 Grand Prix, though Pontiac paint jobs sucked. Miss that Firebird though.
1974 Corvette, factory 4 speed car, in a very rare, Dark Metallic Brown. I've only, personally seen two. The likelihood of somebody pulling up alongside in the same thing is nearly zero. And it is dependable (after replacing nearly everything!) and fun. Super nice day, sitting in traffic and I felt like basking in the sun. So I reached up, and popped the driver's side T Top, right there, angled it in and put it on the passenger seat. All of this, was done in seconds. The look on the kids faces, in the Toyota next to me, was priceless!
Seventies: Last decade where cars were still designed to appeal to men:
https://www.google.com.au/search?q=xa+xb+xc+falcon&source=lnms&tbm=isch&...
Nineties and onwards: cars are designed to appeal to women.
You know it's true.
Yep. What are you supposed to do in a Nissan Versa? Sing like a little girl? And who came up with the name for the Toyota Yaris? That's the sound my dog makes when it's yawning.
Tru Dat. Some of today's cars are so curvy I get an involuntary urge to fuck them. The front looks like a hooker with heavy makeup. The back looks like it's about to twerk at a moment's notice
And what kind of dipshit wanker would want to drive a car called a "Festiva", or a "Charade" or a "Sonata" or an "Applause"?
Those were the days! I was driving in 1977 and owned numerous muscle cars; my faves being a 1971 GTX with a 440 4spd. and a 340 1970 Cuda!
Their not all gone; down here in the retirement capital of the world, granny and gramps are tighter than virgins and keep the same car they came down here in. I saw a dead mint 1975 AMC Pacer on a car lot today if you can believe that {remember those "round" shaped cars, they looked like a Frisbee on wheels}. Asking price: $6950.00. Somebody will buy it, but good luck finding parts for it. I can still find parts for my 1982 F-150 with ease. 300 straight six with four on the floor, more torque than a 302 V8. Doesn't burn a drop of oil and with gas prices being what they are, I drive it daily again {18mpg unloaded}. and the best thing: Very little EPA shit to have to mess with, NO COMPUTER {carburetor}.
In Capitalist America, you ignite your Ferrari. In Subcapitalist America your Aveo ignites you.
Still driving the $14k kia rio from off the lot in 2007. manual transmission, windows, locks. Hatchback and folding seats to hold lots of stuff. Perfect little people/stuff mover. It took a while to detach my sense of self worth from the instantly depreciating financial liability that is an automobile, but I must say I'm glad for it now. Costs about $120/month to run all in. It blows my mind when the young guys I work with are financing $40-50k cars and trucks dropping $8-900/month between payments and insurance.
separating "self" from "stuff" seems to be a pretty big step to sound personal financials.
ive been through the same thing with some of the guys i work with. Every couple years they are getting a new car. I still drive a 11 year old tahoe i bought used 7 years ago, financed for two years with a 50% down payment. havent had a car payment since early 2010, somewhere around there. I keep telling them to pay one of them off and drive it for a couple years, see how and extra 4-500 a month feels, but they are more interested in having the nice, new car. I keep trying to tell them that when they are 50 and have a lot more money, they aren't going to care waht they drove when they are 30. Most of them are married with kids too, so its not like they need to it go chase tail all weekend
If it looks like rain, I'll use the '89 Suburban instead of the '95 f-150 pickup for a Depot run, otherwise we'll use the 'new' car, the 98 Maxima.
I don't fix what ain't broke.
I only bought the Burb because a friend rebuilt the motor, repainted it and put all new tires on it to tow his camper trailer and his trailer burned up.
I gave him the $2500 he put into it.
Looks brand new still after 5 years and 40,000 miles on the new motor. I'm saving it for my son if he ever moves out of downtown Denver. He does a 5 minute bike ride through the park to go to work so he doesn't want to pay to park a car. Yet.
Winter is coming.
If he's really dedicated he'll jst pop a snow chain on his drive tire and a tiny ski on the front and keep on pedallin!
Good point. I'm leaning towards the theory that the cars we choose indicate how we would like other people to see us; our houses reveal how we see ourselves.
"heory that the cars we choose indicate how we would like other people to see us; our houses reveal how we see ourselves" it depends on how much one is willing to lie to oneself.
Then there's the few who don't give one fuck how anyone sees anything.
They know that what you have has nothing to do with who you are.
They don't borrow money.
I never once had a new car nor a car payment. Last car I bought was a used off lease Mercedes and many years later this now 18 year old car still serves me very well.
I will drive it until it falls apart, which judging by the shape it is in could be another 20 years.
I would like to thank all the financially illiterate fools who were kind enough to purchase brand cars that were in reality way beyond their status, so that I could enjoy. A nice car for fraction its cost brand new.
Most I have ever paid for a car was $2000
Yup, cars have to get simpler without simply becoming more and more crappy (than they already are). One thing that absofreakinlutely HAS to go is the multifunction/touch screen/onboard computer/GPS display. Those things are extremely expensive to replace when they go south. Options like that are not only not helpful, they are a severe disadvantage for anyone who holds onto their cars for longer than five years.
Yes, they take a $100 gps and $150 radio and it magically becomes a $1500 unit.
I guess it did not occur to them that 100+150=250.
..or maybe it did, but not the idiot buying it.
Tellin you man, I've become pretty accustomed to Audi interiors and handling. Holee Shitballz. American cars - at least the recent ones I've driven - feel cheap to me.
With the auto industry in a panic to move inventory, and with my current need to replace my German jalopy, I'll feed on their corpse.
"Tellin you man, I've become pretty accustomed to Audi interiors and handling."
Audi's are high maintenance and break a lot. Everyone I know that owns an Audi had nothing but problems.
For the most part, cars have replaced boats. Cars have become a hole in the road that you pour money into. Your better off buying a $25K import and upgrade the interior (replace cloth seat with leather for about $1K) and pocket the $10K to $15K difference. Generally Americans by luxury imports to impress other people and to give themselves a bit of self-importance and feed their narrasism.
"American cars - at least the recent ones I've driven"
American car manufacturers produced decent cars in the 1990s and early 2000s, after about 2003-2004, it all started rolling down hill, but the prices went up. With GM, your risk your life (recall the Ignition probably that caused the death of more than 100 people).
I must have scored a good one. Put over 200K on her in 7 years.
Decent cars in the 90's eh? You know that Honda became popular in the 90's because they were the only reliable cars on the road then.
Toyotas too. We have a mid 90s Lexus with over 200K on it. Runs and drives like it did when it was new.
Cheapest way to buy an Audi is to buy a Skoda, they are the same under the skin
Post of the day.
Buy old tin from Arizona, and rebuild to suit. A brand new car depreciates as soon as you drive off the lot. Restoring old tin from down south is FUN and once the restoration is done it will last much longer than a new car will anyways. Old tin holds value whereas new cars drop in value by the blue book even if you don't log the kilometers/miles.
Always have a winter beater that is for snow & salt so your summer vehicle is the only one that you keep in pristine condition. This way all you ever have to worry about is your winter beater. Moreover costs are kept low because you never need to buy a new car as the winter beater can be replaced in one day if need be.
Amen, Pods.
I still have a dumb phone and play cassette tapes sometimes in my vehicle. Screw all of this computer automation shit.
Hard times will bring back an appreciation for the basics in every aspect of life.
Give me manual window cranks, wing windows, no alarm system (or just a good kill switch), manual or vacuum door locks and space under the hood to actually facilitate a little do-it-yourself maintenance and no onboard computers which can be hacked. Then I'll buy.
My hubby has a kill switch on his 62 chev pickup after it got stolen and taken for a ride to the west coast. They ran out of fuel (it's on propane), and they left it on the side of the road. He put it in the day after he got it back. We found it ourselves, via a friend putting it on cb radio, cops couldn't have cared less to look.
I drive a 97 camry, 295k and still driving. We have never had a car payment. Bought mine for 1200 bucks at auction.
Anyone that knows 60s Chevy ignition knows that they are the most simple to hotwire because there is no steering lock. When my ignition switch broke on my 1966 Acadian Canso Sport Deluxe [Chevy II SS]
I hotwired it for two years until I sold it because I was tired of that damn ignition switch. If you have a kill switch you have to make sure it is concealed or anyone that knows those vehicles will find the kill switch when they go to start it. Two kill switches would be best with one in the cab and one by the battery under the hood.
I just remove the fuel pump relay. Crank it all you want it aint gonna start.
"...finding out how to make shit that doesn't break in 4 years."
Hanging on to my '93 Buick for dear life. The new drive by wire junk doesn't come with it's own pit crew, unfortunately.
But if it doesn't break in 4 years how will they sell you another one? Use your fucking head, pods.
You should be in New York.
Or are you already?
I supose you could blow up inventories, sort of like this:
http://www.zerohedge.com/news/2015-08-12/caught-tape-mushroom-clud-forms-after-massive-explosion-rocks-chinese-port-city
Milking the insurer is another option. This way you get a hooker and a new car if your not stupid!
http://www.zerohedge.com/news/2015-08-12/19-year-old-sets-own-ferrari-fire-because-he-wanted-new-one
That inventory looks awesome when it hogs up acres of space along railheads.
Full-blown recovery baby, bring on the hookers and blow!
Like they did in China yesterday?
Isn't this just the UAW segment of the US auto industry? Can't see the right to work state plants of german and japanese ownership overproducing quite this much.
sure? https://www.distractify.com/unsold-cars-1197822724.html
bailouts are already happening in some form or another as QE started in 2008 bailing out GMC and other businesses. The next QE will be bail-ins. Confiscation of 401's and IRA's and other paper asset you may have.
How about NIRP for car loans? They'll make up the losses with volume.
I think FRTPRZ is more like it.
In this day and age NIRP on auto loans makes good sense.
Hell, I'd even buy a new car then.
Take out a 9 year loan with nothing down.
Shit!
That would solve all the problems.
It would have to be decent NIRP though.
No annual1/4 point crap - Mickey Mouse chicken shit..
"Obama Cars"
"Obama gonna buy me a car!"
No, but he did buy them on your behalf.
And you'll pay for it.
cash for clunkers..... destroy the engine of the used car ... straddle people with debt for a new car. A wealth destruction event of biblical proportions
Yes, but it was voluntary.
...However it did screw the poor mostly.
These are the people who cannot afford to buy a new car.
With the trade-ins going to the crusher it depleted the used car inventory and increased prices.
The poor got screwed.
Not just the used car inventory. I drive an 89 Van, just turned 25 years old. Going to the junkyard for parts has become an event. If they do have any, they are there for a couple of days only as they are sent to the crusher in record time. Cash for clunkers was a dirty trick.
ANd possibly a new financial vehicle like subprime auto loan CDS just in time for revenue crush
The end game will have latest models with:
1. off road, hookups for electric, water (probably won't get to sewer).
2. condo grade seats and expansions for easy living.
3, Maybe why they say working on in-display or in-front-window TVs...you could watch movies in your car/condo with heated seats and awesome audio.
4. for retired and seniors they might expand to include crypt grade interiors, and drive-in burial.
If the con-o-me gets worse people will just park their car/condo wherever their jobs are and live rent free.
Its possible...
https://www.youtube.com/watch?v=aTjQO163P2E
https://www.youtube.com/watch?v=AXxmIcsmpnQ
Don't forget the biodegradable dashboards...
They can keep that crap they're making now and calling a car, I wouldn't drive it if someone gave it to me. It's nothing but a huge tracking device that can be hacked and probably listens in to your conversations when you drive....
The solution is to lower prices. Deflation is naturally a good thing because it increases everyone's standard of living. Deflating house and auto prices are a good thingthing as it becomes more affordable for more people and quality of life increases and should be sought after. The whole idea that we need perpetually rising real estate, and that rising real estate is good is a total lie. Rising prices means it becomes less affordable, which means the standard of living has to drop.
Solution is I buy a a giant mountain bike & watch u all complain! Damn walmart crap bikes... and lol cause u are all out of shape too... It coming soon & hard. Dont need no horse need good metal. bitchez who enjoy ur taxes...
my Explorer is pretty great so far - 290 Hp and 21 mpg, that little kike Mark Fields should be proud
My garage queen 2000 Jeep GC has less than 45K miles..
The missus’s 2000 Pathfinder has less than 60K miles
You can’t hack either of them,
If I was to buy another vehicle (likely a pick-up), it would be a low miles non-smoking private party or re-po.
Have fun with your inventories, Car Biz.
I recently bought a hack-proof 2006 car. Tire pressure sensors (wireless) were made mandatory in 2007.
Tire pressure sensors (wireless) were made mandatory in 2008. Fixd it. I know because my Wife has a 2007 Fusion (amazing car), average 25.5 mpg mostly city, 2.3 4 cyl and NO nannies, including Tire sensors...costs alomst nothing to maintain.
+100 on 2007 Fusion. Add standard transmission to the list above. A bit noisy, but it is a bottom end Fusion. Used, paid cash ~5 years back. Little woman drives it, prefers a standard to an automatic. Grew up in snow country.
12 m Fwd EPS ?? WTF is that. All we know is CTRL-P
Obozo is undoubtedly planning another big government buy, so get get your sub-prime auto loan now before they run out.....
The government's inventory of cars parked in the desert is high.
Will Obozo be buying more cars and SUV's for storage?
Expensive scrap metal.
Lincoln's for DHS next?
I've been waiting for a cash for clunkers part two for years. Last time I was repulsed by it. This time I'm getting mine.
Maybe next year will be time to finally buy a new car. Around then the government will prolly be ready to buy it for me.
We recently bought a new car after our spare car blew a head gasket. They offered us significantly below sticker and at 1.3%. We damn near flipped. As we were leaving he cornered us and begged us to buy 3 more cars! " With your credit score you could easily get financing." I burst out laughing. He didn't crack a smile.
Miffed
That was desperation speaking to you.
or this is just a ploy to justify higher fake industrial production numbers and fake GDP - maybe they didn't increase production at all...
don't believe treasury auction numbers, don't believe consumer sentiment, don't believe GDP numbers, don't believe claims numbers, don't believe pretty much anything spilled out by the MSM.
Na they just get another bail out. One does not simply walk away from a monopoly. They dbl down on it. They will simply mandate older cars off the road.
http://cdn.meme.am/instances2/500x/1399874.jpg
What movie is that from? I was thinking of that line when I posted it.
One does not simply walk into Mordor. Its black gates are guarded by more than just Orcs. There is evil there that does not sleep. The great Eye is ever watchful. It is a barren wasteland, riddled with fire, ash, and dust. The very air you breathe is a poisonous fume. —The Fellowship of the Ring, The Council of Elrond
<head slap>
What a great place to hold the next Olympics.
Tianjin?
That would do but I was really attracted to the idea of Mordor as a host.
Shambling dictatorship anxious to buff up its international image. Check.
Toxic venues. Check.
Lousy accomodations for tourists. Check.
Vast security apparatus. Check.
Hordes of slaves to build facilities at limited cost. Check.
What better place than the Land of the Shadows.
https://www.youtube.com/watch?v=r21CMDyPuGo
Insurance companies already do. Wreck one or someone hits you, say goodbye to old reliable wheels
Damn i swear i just read in MSM everything was awesome.. somebody's lying ?
ObamaCars for the disadvantaged, bitchez!
Now ... where do I go to get free gas? Pump didn't take my EBT card.
From ya own "Black Budget," homie! Know what I'm sayin'?
All this plus, don't forget, the on-going stealth government bailout of GM, by buying fleets of trucks for government use.
My buddy does home loan mods for distressed customers, on day of mod closing they pull a credit report, mod was cancelled due to the customer buying a 2015 Mustang on that day, 'Murica
I love that word, "distressed." Oh shit, I'm feeling distressed, what to do?
Buy a new Mustang! 'Murica indeed!
Gotta pick up your Xanax in style!
Cars to zero as there is a glut and they will be dropping prices to zero...........
Oh wait, they never drop prices for cars.
but of course - prices never go down in capitalist country comrade
someone, somewhere figures that the already tapped out American consumer can still afford car payments equal to a week's wage or to keep a car for ten years that will be underwater the entire time.
This country is loaded with truly ignorant corporate decision makers.
But they don't hold a candle to the politicians
I used to think "ignorant."
I now think that every part of the system is making a bet that they will not be the "bag holder."
Ponzi on Wade!
Ponzi on Garth!
Everybody will be the bagholder. I'd say that such a view classifies them as ignorant.
Just wait for the Global market to flood their inventory to United States. I imagine to see a Fiat 500 with a LoJack theft system installed free of charge. $10,000 manufacturer rebate or 78 month same as cash financing.
Fix it again Tony. (FIAT)
well, several thousand went out of service in China due to the blast
Fiat ? Isn't that Chrysler ?
In the 70's FIAT was an acronym for First In All Trouble.
They were shite then and still are today.
I was at a Toyota dealer this week and they were offering a $2000 rebate on some models and would GIVE you add additional $1000 if you borrowed 100% of the money needed to buy the vehicle (no money down) @ 0% interest for 60 months!
Yup. Not long ago my wife took her POS Volvo XC90 with a blown transmission to a Toyo dealer, and with nothing more than that and a drivers license drove away with a new Tundra, 60mos/0%.
W. T. F.
Toyota the official sponcer of ISIS.
...and a variable rate of only X.Y% above prime.
Lulz.