Current New Vehicle Market

[Weather Man]

Local GMC lot actually starting to fill with inventory. Ford lot staying right around a dozen new F-150.

 

[robvas]

Hah!

 

[robvas]

Local GMC lot actually starting to fill with inventory. Ford lot staying right around a dozen new F-150.

Drove by the GMC Cadillac dealer yesterday and they were about half full. Way more cars than I've seen since the start of the pandemic

 

[MFE]

People are cancelling orders now that interest rates are on the way up. A whole generation of car buyers thinks 0% financing is normal LOL

 

[Tezz500]

People are cancelling orders now that interest rates are on the way up. A whole generation of car buyers thinks 0% financing is normal LOL

Can’t kick the can forever.

I think Ray Dalio says it best.

 

[13COBRA]

People are cancelling orders now that interest rates are on the way up. A whole generation of car buyers thinks 0% financing is normal LOL

We're still seeing rates in the 3s and 4s for the most part for prime buyers. I haven't had anyone cancel due to interest rates, yet.

 

[SolarYellow]

People are cancelling orders now that interest rates are on the way up. A whole generation of car buyers thinks 0% financing is normal LOL

The three most recent generations are morons.

 

[tones_RS3]

We're still seeing rates in the 3s and 4s for the most part for prime buyers. I haven't had anyone cancel due to interest rates, yet.

I'll add to that.
If I was buying a new vehicle, the interest rate wouldn't shy me away. You can always "HOPEFULLY" refinance later on down the line.

 

[13COBRA]

I'll add to that.
If I was buying a new vehicle, the interest rate wouldn't shy me away. You can always "HOPEFULLY" refinance later on down the line.

I don't know if I would count on that haha

I would bet the 3/4 area will be about as low as it gets in the next 10 years.

 

[tones_RS3]

I don't know if I would count on that haha

I would bet the 3/4 area will be about as low as it gets in the next 10 years.

Damnnnnnnnnn. lol

That still wouldn't stop me. Although, it would be nice to have a lower rate, "HOPEFULLY" sooner than later. lol

 

[13COBRA]

Damnnnnnnnnn. lol

That still wouldn't stop me. Although, it would be nice to have a lower rate, "HOPEFULLY" sooner than later. lol

3-4% is pretty cheap money.

 

[Tezz500]

The three most recent generations are morons.

Let’s not forget that the boomers are still in charge eh?

 

[SolarYellow]

Still better than Z, millennials, etc..,

 

[Tezz500]

Still better than Z, millennials, etc..,

Gen x hates them all. We’re gonna un **** your mess just to pass it to the damn millennials. That’ll go well.

 

[lOOKnGO]

Let’s not forget that the boomers are still in charge eh?

With what I'm seeing in the construction field. Knowledge is worth bank. Boomers are retiring at a fast pace, and the past recessions closed the door for many up and comers. It shows from the top down. From Architectural firms down to simple labor. Experience pays well. Many of us would enjoy handing over the reins, but few would know what to do with them.

 

[Tezz500]

With what I'm seeing in the construction field. Knowledge is worth bank. Boomers are retiring at a fast pace, and the past recessions closed the door for many up and comers. It shows from the top down. From Architectural firms down to simple labor. Experience pays well. Many of us would enjoy handing over the reins, but few would know what to do with them.

Another factor to consider is that there really isn't enough people to replace the boomers. That was/is a MASSIVE generation...

 

[13COBRA]

Another factor to consider is that there really isn't enough people to replace the boomers. That was/is a MASSIVE generation...

Key issue here, and not fixable.

Hopefully the growth of automation can help offset the loss of workforce.

 

[Tezz500]

Key issue here, and not fixable.

Hopefully the growth of automation can help offset the loss of workforce.

If not... we have to rely on these idiots.

 

[Tezz500]

Key issue here, and not fixable.

Hopefully the growth of automation can help offset the loss of workforce.

With what I'm seeing in the construction field. Knowledge is worth bank. Boomers are retiring at a fast pace, and the past recessions closed the door for many up and comers. It shows from the top down. From Architectural firms down to simple labor. Experience pays well. Many of us would enjoy handing over the reins, but few would know what to do with them.

You know another note to this...

I truly blame the MASSIVE push towards College over the Trades.....

So many people these days dont want to work with their hands and go through an apprenticeship, become a journeyman and make bank....

Theyd rather pull their pud in a cubical than do actual work. It baffles me.

Just in this industry alone, I've got 18-22 year olds working for me CRUSHING it making great money while Engineers fresh out of College with a fancy piece of wall paper are getting paid HALF what these kids are making.

 

[13COBRA]

You know another note to this...

I truly blame the MASSIVE push towards College over the Trades.....

So many people these days dont want to work with their hands and go through an apprenticeship, become a journeyman and make bank....

Theyd rather pull their pud in a cubical than do actual work. It baffles me.

Just in this industry alone, I've got 18-22 year olds working for me CRUSHING it making great money while Engineers fresh out of College with a fancy piece of wall paper are getting paid HALF what these kids are making.

1000% agreed. I've said this for years and it's only getting worse.

I do think it's a flaw in the human brain though, and not purposefully being done.

All of the teachers, counselors and advisers that children come into contact with beginning in kindergarten through their senior year in high school, all went to college. Those individuals would have a really hard time admitting that the path they chose may not be the proper path for everyone. It's human nature to not want to be wrong.