Quote:
Originally Posted by ismelllikepoop
So they will hold on to their stock that they already can't sell. Got it, always figured that two door sports cars hold their value during a recession. I guess my dream is already over..
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Oh they will sell. They just won't slash prices to do it.
It is all a supply and demand thing really.
In 2008 when the economy went for a shit people stopped buying but the manufacturers kept building until the lots were overfull. This resulted in some good deals for those that could still buy. It was a relatively slow and gradual process though and the reason that the deals were there was because the industry knew they could just fire up and make more on a moments notice.
This time around it is a whole different ball game! The manufacturers had to shut down fast with no chance to fill their lots. The cars that were on the dealer lot's or in transit are all that there is. The start up is going to be slow and painful as parts suppliers try to get going again. There are hundreds of suppliers involved in each car and starting up is NOT just a matter of flipping a switch and parts fall off at the end of a line. Meanwhile all the different governments stimulus packages and people still working mean people are still buying what few new cars there are which creates a demand for the few that exist.
The different companies are already giving some nice financing incentives on SOME vehicles but it won't be long before they just take a "take it or leave it stance" on pricing. There will be deals and incentives if you are looking for a nice F150 base or a shiny new Dodge Caravan but niche sportscars are not going to be on that incentive list.