Sierra wrote:
Maybe it's a regional thing
Could have been regional if the dealership was anywhere near Wall Street.
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| Author: | Sierra [ Mon Nov 16, 2009 2:57 pm ] |
| Post subject: | What recession? |
Observation from this weekend... I was in a car dealership with a line of vehicles that starts at just under $40K and goes to just over $100K. The place was packed. They were writing deals left and right. I was honestly shocked. This was no cash for clunkers situation, not a bunch of people looking to kill time and check out shiny new cars. These were buyers. The luxury car dealership next door was jammin' too. Maybe it's a regional thing, but I really was surprised. |
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| Author: | ric71 [ Mon Nov 16, 2009 3:10 pm ] |
| Post subject: | Re: What recession? |
If you do have some cash and a pretty good job security, this is the best time to buy anything. During this recession I bought a boat and a car for waaay better prices than would be possible 2 years ago... |
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| Author: | Sierra [ Mon Nov 16, 2009 3:27 pm ] |
| Post subject: | Re: What recession? |
ric71 wrote: If you do have some cash and a pretty good job security, this is the best time to buy anything. During this recession I bought a boat and a car for waaay better prices than would be possible 2 years ago... Definitely true, but in this case, the just-in 2010's were moving and without extraordinary discounts or incentives. That's what made it even more surprising. |
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| Author: | cougarcruiser [ Mon Nov 16, 2009 3:29 pm ] |
| Post subject: | Re: What recession? |
Admiral and I have replaced both of our cars with 2010's this year. Lexus & Jeep. Both times, sales were scarce, great discounts, and deals that we couldn't refuse. |
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| Author: | 248 Vista [ Mon Nov 16, 2009 5:10 pm ] |
| Post subject: | Re: What recession? |
I work at a dealership and must say that the majority of folks that come in, are looking for the drive and have big hopes and dreams. There are a lot of car shows going on now, probably more so here in the north east, and a lot of folks visit the dealership after wards for a test drive. Over half the deals that get written at our stores, do not get financed |
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| Author: | Graham R [ Mon Nov 16, 2009 6:07 pm ] |
| Post subject: | Re: What recession? |
It's odd here; I wanted to buy a new car; Mazda 6 Estate (station wagon, I believe my American cousins call them!) Shame they don't sell it here with a decently big engine (2.5 litre, 4 cyl, 170 bhp max here). Anyhow, I have a 3 year old, 30,000 mile 3.0 litre Ford to trade in (admittedly quite af fast one, 150 mph top speed). The first Mazda dealer offered the official "book" trade price, but only if I paid full price for the new car.The second dealer ddn't even phone back. I decided to keep the car for another 2 years ( extra warranty cost ca $600). If won't bother you with the exact numbers, but if my car is worth only $0.45 in 2 years time, I'll still be better off compared to if I bought a new car, because of savage depreciaton! Graham |
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| Author: | 298VISTA2000 [ Mon Nov 16, 2009 7:10 pm ] |
| Post subject: | Re: What recession? |
Sierra wrote: Maybe it's a regional thing Could have been regional if the dealership was anywhere near Wall Street.
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| Author: | aguyindallas [ Tue Nov 17, 2009 9:24 am ] |
| Post subject: | Re: What recession? |
248 Vista wrote: I work at a dealership and must say that the majority of folks that come in, are looking for the drive and have big hopes and dreams. There are a lot of car shows going on now, probably more so here in the north east, and a lot of folks visit the dealership after wards for a test drive. Over half the deals that get written at our stores, do not get financed I work for an Acura dealer myself. While I can tell you it is VERY slightly increasing...we are still 40% down from normal and its painful to say the least. We dont have huge problems like you do with only 50% getting financed, but credit is worse than I have ever seen and banks are making more sensible lending decisions that if they had been making for the last 10 years, we wouldnt be in this mess. What brand do you work at? |
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