Manufacturer 84 at 0%

BOOGIE MAN

Logic and Reason
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Got the old lady a 2020 jeep grand cherokee Laredo with altitude package at 0% for 72 months a little under msrp.

In hindsight, definitely couldve hardballed for lower but we got what she wanted, in a lot less time than what I was expecting to spend at the dealer and we're still coming out on top
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Posts are mine and do not represent my employer. Actually, my posts are riddled with humor and sarcasm and are not to be taken as a representation of my thoughts, feelings, or ideas. Same goes for my "likes"
 

Weather Man

Persistance Is A Bitch
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Copart reports weak margins for Q3
May 21, 2020 10:13 AM ET|About: Copart, Inc. (CPRT)|By: Pranav Ghumatkar, SA News Editor


Copart (CPRT +1.5%) reports Q3 revenue decrease of -0.5% Y/Y to $550.36M.

Service revenues were $491.6M (+3.8% Y/Y) and Vehicle sales were $58.8M (-25.9% Y/Y).

Gross margin declined 143 bps to 44.1%.

Operating margin declined 209 bps to 35.4%.

Adj. net margin also declined 291 bps to 25.1%.

Cash & equivalents were $306.4M.
 

BOOGIE MAN

Logic and Reason
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When did you get the 0-84? I thought it went down to 0-72 currently.
We only got 0-72 no payments until July

84 months was 0.9% for us

Posts are mine and do not represent my employer. Actually, my posts are riddled with humor and sarcasm and are not to be taken as a representation of my thoughts, feelings, or ideas. Same goes for my "likes"
 

gimmie11s

Brad's illegitimate love child. Mom was awesome.
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Jumped on Chrysler's deal. 2020 Jeep Grand Cherokee Limited X. First Jeep. Traded in 2015 Ram 1500. Got 90 days no payment, 84 month zero%! So far really loving the Jeep! View attachment 1641774

Very sexy Cherokee!

Just ordered an Abyss Grey 2020 f150 Reg Cab, 5.0, FX4, w/3.73 gears. 84 months, 0%.

Hopefully it gets here this year, lol. Should be a fun truck.

That will be a blast.
 

Weather Man

Persistance Is A Bitch
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Auto group backs Trump in effort to weaken fuel efficiency rules
May 22, 2020 6:54 PM ET|About: General Motors Company (GM)|By: Carl Surran, SA News Editor


A automaker trade group representing General Motors (NYSE:GM), Fiat Chrysler (NYSE:FCAU), Toyota (NYSE:TM) and others has intervened in litigation on behalf of the Trump administration, backing the decision to weaken Obama-era fuel efficiency standards.

The Trump administration issued final rules in March requiring 1.5% annual increases in efficiency through 2026 - far weaker than the 5% raises in the discarded Obama-era rules - but abandoned its earlier proposal to freeze requirements at 2020 levels through 2026, a stance the Alliance for Automotive Innovation says properly balances improvement in fuel economy and greenhouse gas emissions performance.

The group opposes a legal challenge from the Competitive Enterprise Institute, which wants a federal appeals court to order the administration to reconsider its plan, saying it should have further reduced or frozen the requirements.

Five automakers including Ford (NYSE:F) and Volkswagen (OTCPK:VWAGY) that announced separate agreements with California on fuel economy standards in 2019 are not participating in the legal intervention.
 

Weather Man

Persistance Is A Bitch
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Damn, looks like they aren't going to make it. I wonder how many smaller airports only have Hertz and that's all.

Hertz -12% on report it's preparing bankruptcy tonight
May 22, 2020 5:25 PM ET|About: Hertz Global Holdings, Inc. (HTZ)|By: Jason Aycock, SA News Editor


Hertz Global Holdings (NYSE:HTZ) has slid 12% after hours on a WSJ report that the company is preparing a bankruptcy filing for as soon as tonight.

That comes after the company failed to reach a standstill deal with its top lenders, according to the report.

The company missed a lease payment last month, and had convinced creditors to wait until this evening before declaring a default - but the creditors refused to grant another extension, sources told the WSJ.

Hertz has about $19B in debt (some $4.3B in corporate bonds and loans, and $14.4B in vehicle-backed debt).

Updated 5:31 p.m.: The after-hours tumble extends to a 44% decline.
 

RedVenom48

Let's go Brandon!
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Damn, looks like they aren't going to make it. I wonder how many smaller airports only have Hertz and that's all.

Hertz -12% on report it's preparing bankruptcy tonight
May 22, 2020 5:25 PM ET|About: Hertz Global Holdings, Inc. (HTZ)|By: Jason Aycock, SA News Editor


Hertz Global Holdings (NYSE:HTZ) has slid 12% after hours on a WSJ report that the company is preparing a bankruptcy filing for as soon as tonight.

That comes after the company failed to reach a standstill deal with its top lenders, according to the report.

The company missed a lease payment last month, and had convinced creditors to wait until this evening before declaring a default - but the creditors refused to grant another extension, sources told the WSJ.

Hertz has about $19B in debt (some $4.3B in corporate bonds and loans, and $14.4B in vehicle-backed debt).

Updated 5:31 p.m.: The after-hours tumble extends to a 44% decline.
Jesus... thats A LOT of cars going to be potentially pumped into the wholesale market.

Good. Let the flood begin. Used car prices being so high have jacked up new car pricing for far too long. Unless of course they can stave off their creditors and restructure or the get bought by one of the other rental car companies.
 

RedVenom48

Let's go Brandon!
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Big 3 all restarted production. F-series truck production shouldnt be hampered by the Borg Warner factory tornado damage from last month. Apparently 2 weeks ago they started T- case production again while repairs to the building are finished.

BorgWarner 4x4 Parts Plant Reopens After Tornado Damage

Unless Ford plans on drastically reduced production numbers, hopefully this spurns some real incentives on the 2020 Super Duty. Finally.
 
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Drive XR7

NE Ohio's Fastest
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Any dealers near Detroit that are known for volume sales and more willing to deal? Local dealers near North East Ohio are all "here's invoice."

Looking for a 2020 X ST.
 
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