New Car Market: Prices Are About To Plummet Due to Oversupply

[Ralph Norton]

That is what you claim but antidotal at best without evidence.

antidotal?

 

[Hellbilly]

Anecdotal evidence does not really prove anything

It is for you believe or not. Makes no difference to me. I see these cars being sold. If they were not selling they wouldn’t be releasing two new models of EV’s next year.

 

[hadit]

He opened up the supply chains, duh. I wasn't overly serious about this being a partisan win for Biden, but since Biden is blamed for egg prices I assume he is responsible for the lowering of car prices.

And he should get credit for what he's done because I don't have a problem giving credit where it's due. Far too many just blindly go, "Hoo-ray for our side" when something happens, even if they had nothing to do with it.

 

[Papageorgio]

If I thought it would make a difference I would produce the numbers. I know that if I did you wouldn’t believe it. Not worth it.

I believe real numbers not some guy's word over the internet that has an agenda. So again, your opinion is wrong but you just hold on to your fantasies.

 

[Hellbilly]

I believe real numbers not some guy's word over the internet that has an agenda. So again, your opinion is wrong but you just hold on to your fantasies.

What makes you think I care?

 

[Natural Citizen]

Got a link because from what I am reading the are 18% of the market, which means ICE is outselling them 5-1 currently.

Government is the largest consumer of them, I think.

Kind of like 80 or 90 some odd percent of the GDP is government spending.

But..nobody ever says that. They just kind of maneuver their arguments around that reality so as to avoid getting real about it.

 

[Papageorgio]

It is for you believe or not. Makes no difference to me. I see these cars being sold. If they were not selling they wouldn’t be releasing two new models of EV’s next year.

Real statistics nationwide are saying you are wrong. One isolated demographic is proof of one small demographic out of thousands.

 

[Papageorgio]

What makes you think I care?

I don't really care, I am just setting the record straight.

 

[Hellbilly]

Real statistics nationwide are saying you are wrong. One isolated demographic is proof of one small demographic out of thousands.

It proves theHawk wrong. People are buying EV’s and will continue to do so.

 

[theHawk]

Last I checked most car dealerships are still empty, from “sUpPLy cHaiN iSsUeS”.

 

[Hellbilly]

Last I checked most car dealerships are still empty, from “sUpPLy cHaiN iSsUeS”.

You should get out more.

 

[petro]

Everyone is buying EV’s.
They outsell ICE 2-1.

That's an outright fabrication.
Of the top 10 vehicles selling today in America are the Ford F150, Chevy Silverado and Dodge Ram with Tesla at ninth.
American's got big shit to tow and hasn't lost their appetite for big V8's.

 

[petro]

Last I checked most car dealerships are still empty, from “sUpPLy cHaiN iSsUeS”.

Good luck getting major work done within three months either.
Same reason

 

[Hellbilly]

That's an outright fabrication.
Of the top 10 vehicles selling today in America are the Ford F150, Chevy Silverado and Dodge Ram with Tesla at ninth.
American's got big shit to tow and hasn't lost their appetite for big V8's.

K

 

[petro]

That's right...

Most Popular Cars in America | Edmunds

These are the top selling cars in America for this year. The most popular car in your state might surprise you.

www.edmunds.com

 

[Papageorgio]

It proves theHawk wrong. People are buying EV’s and will continue to do so.

You didn’t prove it, you gave your opinion that EV was outselling ICE 2-1, I gave you the fact that ICE has 82% of sales and EV has 18% not 66% like you claimed.

 

[ActionJackson]

U.S. car dealers have over 1.9 million cars on their lots, or a 53-day supply. That is up 75% from just a year ago. So it looks like the supply chain and computer chip problem has been solved. The cars that sit on the lot the longest are the EV's at 103 days, followed by full-sized cars at 99 days.

Look for falling prices as dealers work to keep their lots moving which will further ease inflation. Thanks Biden!

New Car Market: Prices Are About To Plummet — Is Now the Right Time To Buy?

The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of...

finance.yahoo.com

Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots

Electric vehicles are leading the way when it comes to sitting unsold on dealer lots.

jalopnik.com

When it reaches bottom, I'll trade in my old 2003 Silverado for a shiny, new model. I wouldn't even consider buying a car in the current market. The prices are obscene.