Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (24010)	12/6/2001 11:29:19 AM
From: orkrious	Respond to of 209892

Do you personally know many people who bought cars under the current incentives? No. But I am not a typical American. heard that (1) people are being lowballed on their trade ins even more than normal because of a glut in the used car market I am not sure that lowballed is the correct term, although I am sure that many dealers do "lowball" customers on trade ins. As you point out, the problem is that the used car market is glutted. This is driving down used car prices. This will also come back to hurt the auto companies since it makes competing products (used cars) more competitive with their products (new cars). The problem is the same as in most industries, most notable technology. Vast overcapacity.