chip shortage devestating new car sales

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July 1st, 2021 at 2:54:04 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1068
Posts: 12569
If you are looking at new or used cars than stop what you are doing and fix the old one. The shortage is massive.
July 1st, 2021 at 3:10:09 PM permalink
ams288
Member since: Apr 21, 2016
Threads: 29
Posts: 12508
Flying home into DTW last week we flew right over one of the lots where they’ve got tons of completed trucks just sitting there waiting for the chips.
“A straight man will not go for kids.” - AZDuffman
July 1st, 2021 at 3:31:50 PM permalink
terapined
Member since: Aug 6, 2014
Threads: 73
Posts: 11791
I was at a Ford Dealer in CO getting my oil changed
I took a look at their new truck inventory
Just 4, pretty loaded, high end trim.
Sometimes we live no particular way but our own - Grateful Dead "Eyes of the World"
July 1st, 2021 at 4:50:59 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 146
Posts: 25011
Quote: Pacomartin
If you are looking at new or used cars than stop what you are doing and fix the old one. The shortage is massive.


Back when I was looking for my Toyota Sienna in March and April it was a selling point at the car dealer lots that better buy this car today because by this summer there's going to be no new or used cars that don't have a high price tag. I pretty much ignored it but it turns out they were telling the truth. Luckily I got my Toyota from a private seller who had no idea he could have asked $2,500 more and gotten it easily.
If you take a risk, you may lose. If you never take a risk, you will always lose.
July 2nd, 2021 at 5:26:07 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1068
Posts: 12569
Quote: terapined
I was at a Ford Dealer in CO getting my oil changed
I took a look at their new truck inventory
Just 4, pretty loaded, high end trim.


A municipal government took a 2020 Ford F-250, 14,000 miles, to the dealer for a minor repair and the dealer offered to buy it back for $10,000 MORE than they bought it for. Of course they couldn't sell it because they need a truck.

So if you have a second vehicle and have been debating if it is really necessary, or could be replaced with an electric bicycle then now is the time to sell.
July 2nd, 2021 at 5:51:58 AM permalink
SOOPOO
Member since: Feb 19, 2014
Threads: 22
Posts: 4170
Mentioned earlier, but wifey wanted new Dodge Charger. We had to buy it while it was still being transported to Buffalo. Had to pay MSRP minus $2500 ‘dealer incentive’. Previously of course I’d offer something far less than MSRP - $2500. We now feel ‘lucky’ we got it.
July 2nd, 2021 at 11:06:16 AM permalink
JimRockford
Member since: Sep 18, 2015
Threads: 2
Posts: 971
Feels like it would be smart to sell my house and my cars, but then what would I do?
The mind hungers for that on which it feeds.
July 2nd, 2021 at 11:15:07 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18204
Quote: JimRockford
Feels like it would be smart to sell my house and my cars, but then what would I do?


Have you not seen The Expat Retirement thread?
The President is a fink.
July 2nd, 2021 at 11:27:53 AM permalink
terapined
Member since: Aug 6, 2014
Threads: 73
Posts: 11791
Quote: JimRockford
Feels like it would be smart to sell my house and my cars, but then what would I do?

RV life
I'm living the dream
Really enjoying the weather here in Cheyenne WY
Highs 70 to 80, lows 50
perfect
Sometimes we live no particular way but our own - Grateful Dead "Eyes of the World"
July 2nd, 2021 at 11:58:08 AM permalink
JimRockford
Member since: Sep 18, 2015
Threads: 2
Posts: 971
Retirement is on the horizon but not quite yet. Not ready to bail on the USA. I'll probably stay put. Kids live nearby and there will be grand-kids by then.
I get the appeal of RV life but I don't think it's for me. I have to think it works much better for an individual than a couple. Imagine having to agree on where to move to all the time and a trailer would be kinda close quarters for the Rockfords.
The mind hungers for that on which it feeds.
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