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| Scion FR-S / Toyota 86 GT86 General Forum The place to start for the Scion FR-S / Toyota 86 | GT86 |
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#15 | |
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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
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Racecar spelled backwards is Racecar, because Racecar.
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| The Following 12 Users Say Thank You to Tcoat For This Useful Post: | 2020BRZtS (04-17-2020), AlexBRZ2 (04-16-2020), AnalogMan (04-16-2020), davesrave (04-16-2020), ElijahF (04-16-2020), HaXx (04-16-2020), JD001 (04-16-2020), PetrolioBenzina (04-16-2020), RToyo86 (04-17-2020), scotto79 (04-16-2020), soundman98 (04-16-2020), The Red One (04-17-2020) |
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#16 | |
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#17 |
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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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#18 | |
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I would very much love to be proven wrong though!
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Racecar spelled backwards is Racecar, because Racecar.
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#19 | |
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#20 | |
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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.
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Racecar spelled backwards is Racecar, because Racecar.
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#21 |
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I kind of see why people don't like posting on this forum with you lording over every post. I guess every forum needs their resident self important blowhard. Anyways I got the info I needed out of this thread. Thanks to those with helpful info.
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#22 | |
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Exactly what is your other profile name that you would even say this? LOL You only heard what you wanted to in this thread you are a waste of time.
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Racecar spelled backwards is Racecar, because Racecar.
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| The Following User Says Thank You to Tcoat For This Useful Post: | HaXx (04-16-2020) |
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#23 |
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Called it!
"I know that there will be a bunch of armchair experts working at McDonalds that will dispute this information"
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Racecar spelled backwards is Racecar, because Racecar.
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#24 |
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I guess you're trying hard to reinforce my point.
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#25 |
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I can only hope you are wrong. thanks for the information from an insiders perspective. sad really.
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JACKSON RACING l RALLYBACKER l FORGESTAR l FORTUNE AUTO l INVIDIA
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#26 |
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Appropriate user name, poop.
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#27 | |
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"Experience is the hardest kind of teacher. It gives you the test first and the lesson afterward." -Oscar Wilde.
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#28 | |
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The only thing that is sure is that the industry will emerge totally different and what we all knew as "normal" sales and plans before will no longer exist.
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Racecar spelled backwards is Racecar, because Racecar.
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| The Following User Says Thank You to Tcoat For This Useful Post: | soundman98 (04-16-2020) |
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