155 today, compared to what 4 years ago?
The current Ford in stock inventory, NATIONWIDE, is 37% of what it was on December 31, 2018.
Current New Vehicle Market
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155 today, compared to what 4 years ago?
The current Ford in stock inventory, NATIONWIDE, is 37% of what it was on December 31, 2018.
Oh yeah, fair point, interesting that lots are filling so fast.
There aren't as many parts shortages...there aren't any factory closed....
At that point, it's just math.
No worries, it is an interesting real-time puzzle. Inventories nationwide are just starting to creep off the bottom, so rate of change in a couple of variables in the last month are making themselves felt. The Fed is trying to cool things off after all, I think that is becoming apparent.
You'd think the dealer would know what they can sell, since they are the ones selling the stuff???
You'd sure think so. Especially since the manufacturer has 0 financial liability once it gets released from the gate at the plant, and the dealer assumes full financial responsibility.
CarMax stock drives lower as Wedbush trims estimates
KMX -5.93%Nov. 16, 2022 4:08 PM ET1 CommentWedbush analyst Seth Basham dimmed his view of CarMax (NYSE:KMX) on Wednesday amid slowing sales trends and increasing loan delinquency.
According to Wedbush’s proprietary sales tracker, CarMax (KMX) is on track for “high teens” used unit comps for the third quarter. Additionally, the firm expects the portfolio-level 31+ day delinquency rate increased 41 bps sequentially, well above an 8 bps historical seasonal average decrease.
“Delinquencies in October 2021 that coincided with the CAF systems transition have continued to worsen, an indication of underlying credit deterioration; indeed, this transition was fully anniversaried this month yet delinquencies continue to climb higher,” Basham said. “When adjusting for extensions, delinquencies continue to rise and are above pre-pandemic levels,
portending higher losses ahead.”
I hope you're right about Carvana going under and taking used car prices with it. I'm looking to pick up a 2014 F-150 early next year.
It'll be tough on a lot of people who have late models vehicles they're wanting to get rid of.
100%. White Broncos are stunning. One at the local dealers.
Will they just liquidate the inventory online, take them to auction, or?
Take them to auction.
You've already got Applebees, give him the auto market and crypto at least, eh?
Pfft... how many lots do you drive by every day NICK??? HMMMM?
That's all lip service anyway. They want KanBan style manufacturing and it ain't gonna happen, the unions will want the factories running.
The fact that Weather is literally trying to claim to know more about the new vehicle market than a dealership owner blows my mind
Though he’s the same guy who has never bought crypto claiming to know more than people who have been mining it and using it for years
You don't have to own a dealership to observe changes in the market.
Something like 80% of crypto owners are in the red. BTC down 82% since the peak in Nov 2021 = Winning.
Keep reading the internet.
You can’t trust crypto, and you know that people traded crypto in secret…. but you trust articles claiming they’ve spoken to every crypto trader… and you trust that all of them were honest about their profits and losses?
Jesus Christ you’re dense. Hell… ON THIS SITE.. almost all of us are still in the positive, but hey your articles say 80% is negative so you’re obviously right.
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