[Cerino2000]

Sup yall need your honest opinion about my unique situation. Maybe i should make this its own topic but what do i know.
I ordered a Charger Hellcat Widebody for msrp back in November. Guess it won't be here till March at the earliest

I got to work 6 days a week and currently have no car. Just use uber. So I asked my dealer about another vehicle in the meantime.

He told me he has a 2023 Challenger widebody hellcat arriving any day now and I can lease or buy it for msrp.

In this current market do you think I can take delivery of this Challenger. Drive it for a few months and then sell it for what I paided or maybe.......MORE?

Maybe I should just stick to ubering till my charger is here lol

The current unusual circumstances of the market and economy right now actually make this a hard question to answer.

 

[Cerino2000]

I was going to say the markets crashing in everyone’s view but the dealers, I’m not really seeing prices affected there just yet. Some of the wholesale is dropping though in certain areas. I absolutely believe a reckoning is coming and as far as I am concerned it’s about fkn time. The dealers have been swimming in cash the last few years so they can keep their tears when the bottom falls out. Big reckoning coming for all the people that recklessly fed the frenzy overpaying for cars they just had to have in the last two years and now they are VERY upside down on (Hello Millennials…time for a good lesson!) This is just the start. Once the dealers finally concede that the market is tanking they won’t want to give shit for a trade in and then the snowball REALLY starts growing. Time to get out the popcorn!

Here’s a little tidbit for ya. 10 days ago at the dealer only wholesale auction that we attend every week there was a 2011 Corolla. 126k, very average car. Bidding finally ended at $10,700 plus auction fees. Over 11k. I was stunned. There is no money left in small imports right now. We dont bother buying them. we would go out of business selling those even if they’re in such high demand.
I laugh every time I hear people say the market is crashing. Go get yourself a used car business and tell me that.

 

[Cerino2000]

I’d love to get your real world insights. What’s the market doing right now, what’s hot, what’s not and most importantly, where are things trending over the next 6 months, year? Both for used cars and if you had to guess new car prices as well.

I think this market is in the biggest state of uncertainty as there ever was. The dealerships will hold out as long as they can though before they concede that they HAVE to lower the price to get things moved. Challengers/Chargers are still holding strong by my view. Only very slowly dropping and still going up and down where others are doing nothing but going down. Truck market is back to normal. My 2019 RAM I could have pulled $40k on a year ago. Now in the upper $20’s. Lots of changes for sure and only gonna change more.

 

[Cerino2000]

At some point these dealers are going to have to face the reality of they paid high prices now they're going to have to let it go for losses because the bottom finally fell out. Anyone thinking the bottom was never going to fall out is just an idiot

Exactly…They got plenty of record profits in the last two years. Party’s over.

Will be interesting to see how the manufacturers handle this. They clearly have seen what happens if they keep supply low. Record profits for them too. The old way of doing business may not come back.

 

[Cerino2000]

they still have revenue goals they have to meet.. if they cant do it with markups, volume will need to increase.

Or lower their expectations.