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Consumers Will Pay High Prices for New and Used Cars for Next 2 Years
Hamodia ^ | Sunday, August 29, 2021 at 6:57 pm | Jamie L. LaReau

Posted on 09/01/2021 4:07:15 PM PDT by conservative98

(Detroit Free Press/TNS) - Sky-high transaction prices and near nonexistent discounts for new and used cars — due to scarce vehicle stock — will be the new normal for the next couple of years.

That’s even after the shortage of semiconductor chips abates, which is expected to start later this year and take all of next year as a recovery period, industry experts say.

“We may never see normal in the near future or we’ve redefined normal,” said Jeff Schuster, LMC Automotive’s president of Americas Operations and Global Vehicle Forecasts.

(Excerpt) Read more at hamodia.com ...


TOPICS: Chit/Chat
KEYWORDS: americanmarxism; biden; bideneconomy; cars; change; freetrade; inflation
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To: conservative98

I’ve got a company car that’s well past the turn in point. Since new cars aren’t available, I’m just racking up the miles.

I’m guessing I’ll be able to buy it cheap in a while.


41 posted on 09/01/2021 6:20:45 PM PDT by cyclotic (Live your life in such a way that they hate you as much as they hated Rush Limbaugh)
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To: wally_bert

I often fill up at the Costco. It’s not much of a savings but every bit helps.


42 posted on 09/01/2021 6:56:29 PM PDT by plain talk
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To: Inyo-Mono

What?


43 posted on 09/01/2021 7:07:09 PM PDT by gcparent (God Bless America )
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To: conservative98

Got lucky with a new 2022 KIA Telluride SX. No “market adjustment” .....just MSRP which is bad enough. It’s a spectacular vehicle. Dealer that I purchased it from now adds $5000 as a “market adjustment” due to their demand. Takes months to get after a reservation. We got extremely lucky......


44 posted on 09/01/2021 7:16:58 PM PDT by vespa300
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To: CarmichaelPatriot

We got lucky, in early feb we bought. 2018 GMC Terrain with 11k miles. Bigger engine, sunroof, leather, AWD every option out the door with tax for 21k. Took in for oil change etc 6 months later and they offered me 29k,
Great deal but it would cost me 32 for the same car.


45 posted on 09/01/2021 7:38:22 PM PDT by midwest_hiker
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To: SkyDancer

Yeah, my plan was to not buy anything for at least 2 more years, then a 17 y/o scatterbrain pulled out in front of my wife and both vehicles were totaled.

Well, thank God no one was severely injured, but, even with a better than expected settlement from State Farm, I’m gonna have to come up with at least $7000 more to get an equivalent replacement. That one really hurts...


46 posted on 09/01/2021 8:31:27 PM PDT by Paul R. (You know your pullets are dumb if they don't recognize a half Whopper as food!)
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To: Paul R.

Yeah ....hope you find something decent.


47 posted on 09/01/2021 9:02:48 PM PDT by SkyDancer
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To: plain talk

I wind up using Shell a lot for ethanol free since I have some older stuff and a generator.


48 posted on 09/02/2021 4:06:13 AM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: right way right; Nuc 1.1; Big Red Badger

Instead of punishing/confronting the Chicoms for their pandemic crimes, our rat federal government and too many rat state governments punish Americans instead.

Huh?

And I’m regularly told at FR that an Article V Convention of the States is too dangerous.


49 posted on 09/02/2021 2:44:52 PM PDT by Jacquerie (ArticleVBlog.com)
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To: Jacquerie

Clearly. The bill curve is rear loaded. We are indeed in trouble.


50 posted on 09/02/2021 5:29:48 PM PDT by Nuc 1.1 (Liberals aren't Patriots. Remember 1789!)
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