They probably have an excess of inventory right now. I don’t see what the alternative is. If the media would quit playing up every tid-bit of bad news, things would turn around a lot faster. You watch. The day Obama is sworn in, there won’t be any more bad news. Soon car sales will pick up, housing will firm up and everything will be wine and roses.
well 40 ozers and some tasty bud maybe
I must be almost as smart as you, because I've been saying that for a while. Gasoline went to $4.00/gal for months and now is down to $1.60/gal. What the hell changed?
Bawny Fwanks & Co. with the approval of Alan Greenspan, wrecked the housing market well in time for the 2008 election. The sky has been falling for some time now, and only such terrifying news, drummed in day after day, could have elected someone so absolutely unqualified as Obama.
Obama came out of the extremely - and enternally -corrupt Chicago machine, and he has BIG money that bankrolled him into office. He's bought, paid for, and owned.
All that's left is for him to pull an FDR, and create countless new government paid jobs and work projects to get the vast majority as seeing him as the messiah.
Just like it was all through the Clinton administration...nothing but good news. All lollipops and roses.
AMEN, if I were a bakery and bread wasn’t selling, I sure as hell wouldn’t keep baking loaf after loaf. The idiots who freak out about this, don’t understand supply/demand dynamics. If Chrysler wanted to really really move inventory, they’d slash prices to a ridiculous degree and clear inventory out. They are taking a loss as it is...
I work for a large tire manufacturing company and we have already had 3 ten day shutdown periods to reduce inventory. It sucks for the workers, who are already being sent home on a rotating basis due to lack of work, but it is a great opportunity for me to do my capital projects.
“They probably have an excess of inventory right now.”
The dealers are really hurting, if you have cash you can make some super deals.
A good friend of mine just about has a dealer ready to sell him 5 Dodge diesel pickups with sticker price of $42 each for a total of $80k cash.
He doesn’t need even one at the time but it’s just tood a deal to pass up.
we have a good buddy with a car hauler that can get all 5 and transport them to California and reselling them
I’m thinking of going in half with him on them.
excess of inventory? no way!
i mean, my local dealer still having about a dozen unsold ‘07 vehicles on the lot isn’t an excess is it?
Not this time. Don't delude yourself. This will not end soon, and it will get worse. Do whatever is necessary to be prepared.