[chassis]

I'm seeing new lows made in my target searches. The examples are nearing end of factory warranty and uncommon color combinations, with clean title. Desirable/common colors haven't moved much.

[Rewted]

Originally Posted by chassis

I'm seeing new lows made in my target searches. The examples are nearing end of factory warranty and uncommon color combinations, with clean title. Desirable/common colors haven't moved much.

Which do you consider desirable/common colors? I've REALLY started liking Yas Marina Blue.

[chassis]

Personally I prefer black or silver exterior with black interior. Dark brown interior would be a second choice.

Red, blue and white exterior colors and anything but black interiors seem to carry discounted prices in good times and in bad.

I’m referring to high HP German four doors. Rules are different for Italian two doors!

[R N M]

Hit up a few dealers on 2020 GT350 and they are not discounting crazy yet. Best i saw was $5k off msrp.

Waiting to see what happens to 991.2 GT3 market

Other cars that will really be hurting are AMG GT/GTS, Jag Ftype R, all the Astons and McLarens

Nov/Dec 2020 is probably when used market will be at lowest point due to build up of inventory that didn’t sell during spring/summer

[Higgs Boson]

Originally Posted by R N M

Hit up a few dealers on 2020 GT350 and they are not discounting crazy yet. Best i saw was $5k off msrp.

Waiting to see what happens to 991.2 GT3 market

Other cars that will really be hurting are AMG GT/GTS, Jag Ftype R, all the Astons and McLarens

Nov/Dec 2020 is probably when used market will be at lowest point due to build up of inventory that didn’t sell during spring/summer

Why will there be a "build up" of inventory? Dealers aren't going to load up on inventory if no one is buying cars.

They will simply wait until someone wants to buy a car and decide if it's for a price they want to sell it for and if it isn't they will decline.

New cars are completely different where you have a manufacturer that wants to keep stuffing dealers with inventory and then will incentivize sales so they can keep building and shipping.

However at some point that doesn't make sense either and they stop building cars, push back releases, furlough and lay off, and possibly build some ventilators (or tanks) instead.

Without supply, low demand means nothing. The market shrinks but that doesn't mean prices fall.

However, demand ISN'T low at all, luxury cars are still selling well, especially on the preowned market. Maybe the surprise price change will be higher prices as demand stays constant and supply falls, lol....

[HolyBull]

I'm only seeing big discounts on domestic brands and Mazda right now.

[aerostar]

Originally Posted by Higgs Boson

Why will there be a "build up" of inventory? Dealers aren't going to load up on inventory if no one is buying cars.

They will simply wait until someone wants to buy a car and decide if it's for a price they want to sell it for and if it isn't they will decline.

New cars are completely different where you have a manufacturer that wants to keep stuffing dealers with inventory and then will incentivize sales so they can keep building and shipping.

However at some point that doesn't make sense either and they stop building cars, push back releases, furlough and lay off, and possibly build some ventilators (or tanks) instead.

Without supply, low demand means nothing. The market shrinks but that doesn't mean prices fall.

However, demand ISN'T low at all, luxury cars are still selling well, especially on the preowned market. Maybe the surprise price change will be higher prices as demand stays constant and supply falls, lol....

Dealers don't have a choice in the matter.

They are GIVEN the cars from the manufacturer, whether they are factory build slots or pre-builds.

The overseeing manufacturer decides how many cars are going out. Do you think they will pull production that much? I doubt it

[chassis]

@aerostar, are you sure that’s how things work?

[Alfisti]

yep

[chassis]

@alfisti, how do you know?

[Alfisti]

TTAC articles by former dealers.

[Higgs Boson]

Originally Posted by aerostar

Dealers don't have a choice in the matter.

They are GIVEN the cars from the manufacturer, whether they are factory build slots or pre-builds.

The overseeing manufacturer decides how many cars are going out. Do you think they will pull production that much? I doubt it

dealers earn allocations for production. they are SOLD vehicles from the manufacturer, not GIVEN and they have every right to turn down allocations.

the manufacturer plans production based on their own market research and historical sales data to try to time the demand curve and product life cycle.

I have only been in the automotive industry since birth, pretty sure I was conceived in a car dealership (lol).....I worked for years for an automotive manufacturer on the dealer support/operations/marketing side of things, family owns dealerships on both sides, and I currently work on the retail side.....and I'm 40 and been taking an auto industry paycheck since I was 12 and before that ran around the showrooms in the early 80s doing whatever kids do all day after school, probably scratching paint.

Anyways, not trying to start a fight, it's just that this is what I do.

we can argue about forcing supply vs building to demand all day long if you want to. at the end of the day, demand wins.

[Socal_R8]

Looks like most of our cars just lost 10% of their value

https://www.msn.com/en-us/autos/news...v2d?li=BBnb7Kz

[Mavus]

Originally Posted by aerostar

Dealers don't have a choice in the matter.

They are GIVEN the cars from the manufacturer, whether they are factory build slots or pre-builds.

The overseeing manufacturer decides how many cars are going out. Do you think they will pull production that much? I doubt it

https://www.reuters.com/article/us-h...-idUSKCN2233D1

[chassis]

Not seeing much movement on my target searches. Less desirable color combinations and paint scratched vehicles are at the lowest price range for vehicles I am targeting.

Prices remain unchanged for desirable colors in unquestionable condition with clean title, and some factory warranty left.

[NickyC]

Originally Posted by Rewted

Which do you consider desirable/common colors? I've REALLY started liking Yas Marina Blue.

Best color choice you could ever make.

[Higgs Boson]

Originally Posted by SoCal_NSX

Looks like most of our cars just lost 10% of their value

https://www.msn.com/en-us/autos/news...v2d?li=BBnb7Kz

Wholesale values are off 10% is misleading. The auctions are closed. We won't know what is off by how much until they open back up and meaningful transactions actually take place.

Originally Posted by Smooth 330i

https://www.reuters.com/article/us-h...-idUSKCN2233D1

I am not 100% sure what you're trying to communicate by just posting a link. My initial assumption is that the article is proving my point. Cars are sitting at the port because dealers aren't taking them.

[chassis]

Meltdown might not happen.

https://www.reuters.com/article/us-h...-idUSKCN2242X9

[chassis]

Seeing some price slippage in my search windows. Seeing lower prices for more mainstream color combinations with clean title.

[spiceyxi]

Originally Posted by Higgs Boson

Why will there be a "build up" of inventory? Dealers aren't going to load up on inventory if no one is buying cars.

They will simply wait until someone wants to buy a car and decide if it's for a price they want to sell it for and if it isn't they will decline.

New cars are completely different where you have a manufacturer that wants to keep stuffing dealers with inventory and then will incentivize sales so they can keep building and shipping.

However at some point that doesn't make sense either and they stop building cars, push back releases, furlough and lay off, and possibly build some ventilators (or tanks) instead.

Without supply, low demand means nothing. The market shrinks but that doesn't mean prices fall.

However, demand ISN'T low at all, luxury cars are still selling well, especially on the preowned market. Maybe the surprise price change will be higher prices as demand stays constant and supply falls, lol....

Genuinely curious on your thoughts related to the used market.

How would you account for people attempting to trade in a car for a new car? It might be less than before, but I would imagine that could become a common scenario.

Do you not think that the glut of inventory could be sitting in the garages of individual owners? Maybe, even more true if Dealers begin to refuse trade ins or really low ball. Not to factor in the high possibility of people out of work or with business they own shutdown looking to raise cash or reprioritize expenses.

I enjoy my cars and was looking to pick up a third fun car. However, after not driving for 6 weeks does it even make sense for me to own 2?

Thanks.

[chassis]

Not seeing a market crash. But some price slippage. Slowly.

It could be the slippage is on vehicles near, or just past, 4 year factory warranty coverage. Usually there is a small step down in prices when factory warranty coverage expires.

Prices are firm, or only very slightly slipping, for vehicles with 1 year of factory warranty coverage remaining, in my search window.

[Alfisti]

I am seeing the same thing but cars are not selling, they seem to just sit there.