Quote:
Originally Posted by ismelllikepoop
I thought sales were in the toilet? I was thinking about getting a 1st Gen when the 2nd gen is being released hopefully at a firesale price. If nothing available oh well I guess. I just wish Toyota didn't change the grill shape.
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Sorry guys.
Just going to copy & paste in all the related threads.
For those of you thinking there are going to be great deals as the dealerships try to get rid of their "excess" inventory. Keep dreamin'!
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