Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: TigerPaw who wrote (6555)	9/17/2002 10:46:11 AM
From: Jim Willie CB	Read Replies (2) of 89467

a quick thought on auto giveaway effect on used market all these zero-rate sales, and cash-back sales of cars has really killed the values of used cars it has led to overflowing used car inventories, and plummeting values for trade-ins not only has Detroit engineered a slaughter of new prices, but they have crimped the used as well this has created a hidden effect that few have discussed if your trade-in credit goes down, and the new price also goest down, then it is a nada wash you havent gained anything a friend recently traded in his Buick he got shit on tradein but he was pleased about the low finance cost he gained nothing but walked out with a smile on his face I dont get it the benefit from lower new price is offset by a pitiful tradein credit Detroit has become a revolving door of profitless sales I dont see how they can continue to finance their whopping debt meanhilee, J6P turns over his/her fleet gladly reminds me of buying those pieceofshit IPO stocks there is no deflation in auto sales this is apparent on tradein for a new car but the delusion keeps sales at a brisk level one more sham log on the fire / jim

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