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I want this economy to completely tank so the prices of these vehicles will come down significantly. I don't mind paying $15k for a 1 yr old Toyota 4 Runner or a 1 yr old Ford Expedition with 1k miles on it. But I'm not paying $30k and up for it.
Dealers may have to chop down the prices to get some kind of profit going after this chinese virus clears out.
Desperate times, desperate measures.
This is total nonsense...........you aren't getting either of those cars for 15K
I want this economy to completely tank so the prices of these vehicles will come down significantly. I don't mind paying $15k for a 1 yr old Toyota 4 Runner or a 1 yr old Ford Expedition with 1k miles on it. But I'm not paying $30k and up for it.
Dealers may have to chop down the prices to get some kind of profit going after this chinese virus clears out.
Desperate times, desperate measures.
Yeah, and I bet you'll be able to get a Lamborghini for $30K too.
they'll be no big car deals because of the CV. It will end in a few weeks, dealerships aren't going to give them away in the mean time. Where do you people get these ideas? Selling cars below cost doesn't help the industry ....duh
GM has many acres of unsold 2018 vehicles, mostly unpopular models.They have even more 2019 vehicles. 2020 has been a slow model year with some models discontinued. Now they are down. If you have a vehicle you like, I recommend you get parts and consumables for it. Get a fan belt or two. Better to have it and not need it than need it and not have it.
The new car business has been very rocky for the last year and a half as it was. Too much production and lots of inventory. As one of the more cyclical industries, they have been headed for disaster with the next recession anyway. As for the dealers, they would have survived a recession albeit at lower profitability levels and lower staffing levels. A well run fixed operation and used vehicles would have carried them through. Corona virus is a different ballgame though.
GM has many acres of unsold 2018 vehicles, mostly unpopular models.They have even more 2019 vehicles. 2020 has been a slow model year with some models discontinued. Now they are down. If you have a vehicle you like, I recommend you get parts and consumables for it. Get a fan belt or two. Better to have it and not need it than need it and not have it.
Where are you getting this from? GM doesn't own any vehicles - the dealers do - so where would these unused 2018's be sitting, exactly?
As far as the parts are concerned, even when an OEM discontinues a model they are legally required to provide OEM replacement parts for 10 years after the model is discontinued, so I don't know why anyone would be rushing out to buy a bunch of parts. The *only* issue with these parts sometimes is dealers may not stock certain slow-selling parts and an order may need to be placed which could take some time depending on the part. (But common things like belts should be readily available for a long time.)
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Gm
