You just wait...
 

...and as the saying goes, you'll be rewarded. This article is consistent with all the public and internal Toyota data I've seen. Wait 4-6 months and high end stuff will become available at Camry prices, especially CPO repos from subprime borrowers (looking at you, Lexus).

https://www.msn.com/en-us/money/comp...m4q?li=BBnbfcN

Oh no, there goes the 2nd gen 86, Supra and GR band.

Those are new models still in the pipe.

I was thinking residuals for 86 v.1.0 and Supra will take a hit.

Why wait months? Wait 10 years and they'll be SUPER cheap. Damn, I should be a fortune teller.

Bloomberg needs you, but you might need to drop another 20 before appearing on camera.

So my question is if all the "high-end stuff" is going for Camry money, who'd be dumb enough to buy a Camry in this climate? Dumb people that's who! I mean that's a free upgrade if you can just hold out a few more months!

Even if you can get into a newer MY for dirt cheap, the complicated part is getting out of your old car for anywhere near decent money. Used car prices are going to plummet too.

That said, if I can get into a 2018MY PP for roughly what I'm paying now on my '13 i'd take it.

I have to sit through a two hour meeting on the state of the industry twice a week.




Some FACTS:


There is not a single new car being made right now.
Most companies have not made any for 3 to 6 weeks.
It will be anywhere from 2 to 8 weeks before most are making cars again.
This means someplace between 8 and 12 MILLION less new cars built this year.
The whole industry is at a zero cash flow level.
When production does ramp up again it will be slow and restricted to high demand/volume models to restore cash flow.
Several of the smaller parts suppliers will not survive this which will hamper the start ups even more.
Many of the manufactures should be tooling over to the 2021 models within the next 60 days.
They are trying to decide if they will return to making 2020 models or go straight into the 2021s.
R&D is on hold with every single manufacturer so no new models are being worked on (see cash flow above).
Low volume cars are most certainly DONE for this year and probably for at least two more. IF they come back at all.
The glut of used cars that is already building will hammer another nail into the coffin of the new ones.




I know that there will be a bunch of armchair experts working at McDonalds that will dispute this information but at this point in time there is about an 85% probability you can kiss the Twins (in any form) goodbye forever.


Forget everything you think you know about the auto industry because NONE of it applies anymore and it will NEVER go back to pre Covid status. We are all living through the end of an automotive era as we know it.


Sincerely,
Tcoat
Senior Manager
Tier One automotive parts supplier
30 years in the business

Oddly enough, none of this surprises me, and would matches pretty much what I would have written down if asked, even though I know zero about auto manufacturing from an insider's prospective.

I'm surprised they haven't already made the call to retool to 2021. Seems like they could do that now. I suppose it could be a supply chain thing (we got parts we need to use).

The only thing I could think of that might save the Twins is the fact it is the only product off that particular factory, but that seems flimsy even to me.

Imo what will exacerbate the problem in our country will be the slow, drawn out reopening in some large states. Flattening the curve is one thing. Destroying an economy for percieved political gain is pure evil.

So you're saying I'll have to buy my facelift used?

Or soon!

Supporting evidence?

Please let's not turn this into another political debate with both sides spewing bullshit to try and discredit the other. Leave that to the Covid threads.


The auto industry is already destroyed as we know it for the last twenty years or so. When it returns things will be different. The politics behind it are irrelevant.