I read an article in today's Seattle Times about how the very steep retail price cuts that have been in effect at domestic dealers under the name of Employee Discounts for Everybody etc. are causing a glut of used cars, depressing prices around 5%.
Keep this in mind if you're planning to sell your car.
The market should rebound in October, the article said.
US used car market depressed
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matthew1
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US used car market depressed
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Also -> Amazon link. Click that when you go to buy something on Amazon and MVS gets a cut!
1998 V70, no dash lights on
1997 850 T5 [gone] w/ MSD ignition coil, Hallman manual boost controller, injectors, R bumper, OMP strut brace
2004 V70 R [gone]
How to Thank someone for their post
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yeagermeister
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i listened to a piece on NPR about something similar:
the temporary employee pricing will force new car prices down for good.
say my friend Joe goes out and buys his Chevy pickup today for $19k, employee discount. i like his truck a lot, so 2 months from now i go to get one myself. why would i pay $23k, knowing it's not worth that, and knowing that Chevrolet is still profiting on the $19k price?
then, the auto companies aren't as profitable. the stock goes down, they can't spend as much on development, the auto industry stagnates.
not a good long-term scenario.
the temporary employee pricing will force new car prices down for good.
say my friend Joe goes out and buys his Chevy pickup today for $19k, employee discount. i like his truck a lot, so 2 months from now i go to get one myself. why would i pay $23k, knowing it's not worth that, and knowing that Chevrolet is still profiting on the $19k price?
then, the auto companies aren't as profitable. the stock goes down, they can't spend as much on development, the auto industry stagnates.
not a good long-term scenario.
(the other) sean
'94 855 5-speed
'02 lifted Nissan XTERRA
'94 855 5-speed
'02 lifted Nissan XTERRA