[stevenD]

Might be a good time coming up, time to work the dealers or wait to see if Honda does some drastic price cuts, this was pulled from the Link at bottom:

QUOTE: "To understand how the coronavirus could affect the U.S. auto industry, we must first understand what caused Honda sales in China to drop by 85 percent,"

AND LATER QUOTE: "First, no one could go out to buy cars, and second, even if there were customers, auto manufacturing plants were shuttered with no one to build the cars."

(Remember Passports are made in Alabama!)

LINK: Coronavirus Wrecked China's Car Sales, and America Is Probably Next

 

[KMC]

I'll be curious to see if prices trend down over the next few weeks. (Although it'll make me wish I had waited a littler longer if they do.)

 

[Beachbum07]

It pays to be cautious like myself. There’s a method to my madness. ?

 

[elder prep]

The Motortrend article is interesting in that it explores the wider world market for manufacturing and distributing automobiles and the impact it will have here in the U.S. The interactivity of Chinese parts and their suppliers, its slowing or stopping production and the impact it is or will soon have here at home is something to ponder. This coronavirus is having an impact that we have not seen in a modern interconnected market.

 

[Wrascal]

It pays to be cautious like myself. There’s a method to my madness. ?

One big problem with waiting is that the price doesn't always go down. Last Nov. I placed a Thule car top cargobox on my amazon watch list, expecting come black Friday it'd go down even more. Nope, eventually it went back to full price and then sold out. I wound up purchasing the next years model at a significantly higher price ($850/ $1150 vs $1600).

Sometimes you win, sometimes you lose.

 

[carpayments4life]

It pays to be cautious like myself. There’s a method to my madness. ?

Stop kidding us, man.
The average cost of a new car is $37,500 and that's way out of your price range.

 

[Beachbum07]

Especially in the “just in time inventory” model that manufacturers use today. They usually only have a few days of parts in the pipeline.

 

[Beachbum07]

Stop kidding us, man.
The average cost of a new car is $37,500 and that's way out of your price range.

Out of my price range?? Are you aware of my circumstances? Next, are we going to see who’s is bigger? Just looking at your username, carpayments4life, it may be safe to assume you can’t afford to buy something outright, which I can. So stop being childish.

 

[Kahuna]

One big problem with waiting is that the price doesn't always go down. Last Nov. I placed a Thule car top cargobox on my amazon watch list, expecting come black Friday it'd go down even more. Nope, eventually it went back to full price and then sold out. I wound up purchasing the next years model at a significantly higher price ($850/ $1150 vs $1600).

Sometimes you win, sometimes you lose.

It’s the whole car not the Thule

 

[Wrascal]

It is my understanding ...

There is an undisclosed price that the dealers can drop to - after that Honda will take back these unsold vehicles (and crush them).
At that price point the dealers have no incentive to move them.

All to maintain overall prices.

 

[stevenD]

It is my understanding ...

There is an undisclosed price that the dealers can drop to - after that Honda will take back these unsold vehicles (and crush them).
At that price point the dealers have no incentive to move them.

All to maintain overall prices.

That's not how it works at all, having worked nearly 14 years in the auto industry.

It works something like this; dealers buy vehicles from the manufacturer at invoice price, then at some point they get credit or a discount under invoice, typically this is tied to two things; the number of vehicles they buy and manufacturer incentives. That way when cars are moving slow, at the end of the model year, or when the manufacturer wants the dealer to move more vehicles they drop the price to the dealer by thousands of dollars, at which time many (not all) dealers can further reduce the price or the vehicles or keep the extra profits for themselves. This is different than the cash back or other incentives that the manufacturer offers the buyers. It's an old wives tale, that any manufacturer takes cars back and crushes them, that never happens...

 

[mcrimm]

Now that's funny - "They take them back and crush them"

 

[2984]

It is my understanding ...

There is an undisclosed price that the dealers can drop to - after that Honda will take back these unsold vehicles (and crush them).
At that price point the dealers have no incentive to move them.

All to maintain overall prices.

I think that you are a bit confused. That only happens if you order a Wagon Queen Family Truckster in pea green with real faux wood paneling. Even then its your 1970 Olds Vista Cruiser they crush.

 

[Wrascal]

An alternative to crushing is draining the fluids and dumping them into the sea (building reefs).

 

[2984]

Not saying this is in regard to any particular person(s). Just found it funny.

 

[Wrascal]

Well sometimes things just don't move ...

 

[carpayments4life]

Out of my price range?? Are you aware of my circumstances? Next, are we going to see who’s is bigger? Just looking at your username, carpayments4life, it may be safe to assume you can’t afford to buy something outright, which I can. So stop being childish.

Post a photo of any car that you currently own.

 

[Beachbum07]

Not saying this is in regard to any particular person(s). Just found it funny.

View attachment 5367

I like the subtle reference. ?

 

[Beachbum07]

Post a photo of any car that you currently own.

I own four cars outright. Last purchase was a 2018 Rav4 XLE. Paid cash. Shall we move on to houses? Retirement accounts? There are two things, IMO, that should go unspoken; money and politics. Time to be a bit more mature. ?

Here’s a good book with excellent advice.

 

[MattyNice]

IMO, that should go unspoken; money and politics.

I agree with you there. I’ve always been that way, even among close friends. I work with a lot of millennials that don’t share these values at all.