So..if the auto industry (esp big three) are hurting so much

[Chunkee]

Saw a news report that included imports of how cars are stacking up in the ports and not selling. Why are they not offering great incentives then? Maybe they are not hurting as much as the claim? You would think they would give great incentives, but I really do not see them that much...

 

[sdifox]

Losing money on every car sold is not a winning strategy. Losing more is even more idiotic.

 

[Vette73]

The "Big" 3 are offering deals. Heck even Toyota, who "NEVER" offers deals is offering them.

Nissan had almost 1/2 off their full size trucks at a lot of dealers.

 

[Chunkee]

Originally posted by: sdifox
Losing money on every car sold is not a winning strategy. Losing more is even more idiotic.

I do not think they are losing money on every car...good lord..that is an asinine statement. They make plenty of money. They just squandered it all.

 

[vi edit]

Originally posted by: Chunkee

Originally posted by: sdifox
Losing money on every car sold is not a winning strategy. Losing more is even more idiotic.

I do not think they are losing money on every car...good lord..that is an asinine statement. They make plenty of money. They just squandered it all.

Right now you can get full size trucks/suv's for almost 30% off. Some cars are close to that (impala for example). With the Red Tag event there's no negotiating on the vehicles and they are priced out at "invoice". That takes away the profit to the dealers so GM has to be kicking in money to subsidize that somehow.

I really doubt that they are making much money after it's over(as is evident by their cashflow). A cars cost isn't just material goods. It's also having to pay health care, retirement, and other benefits to the employees that built it.

 

[Tsaico]

The Cadallac deal in my area is running two promotions, one is instant $4000 from factory, and the other is $2000 from dealer, totaling $6000 off a some onew cadallacs. I know the local ford one is running a lot of combination deals, whereas before it was pick one.

I think they are trying to just increase cash flow for right now by selling them for minimal profit. I thought about buying a new truck, but I would have to sell my current one to make the other half of my down payment. And if Ford can't sell a new one right now, I don't think my chances of selling a used one will be much better.

 

[ElFenix]

Originally posted by: Marlin1975
The "Big" 3 are offering deals. Heck even Toyota, who "NEVER" offers deals is offering them.

Nissan had almost 1/2 off their full size trucks at a lot of dealers.

toyota has something going on all the time. not sure where the reputation of them never offering deals comes from.

 

[mb]

They should partner with Microsoft for 30% cashback.

 

[Capt Caveman]

Originally posted by: Chunkee

Originally posted by: sdifox
Losing money on every car sold is not a winning strategy. Losing more is even more idiotic.

I do not think they are losing money on every car...good lord..that is an asinine statement. They make plenty of money. They just squandered it all.

Actually, your statement is asinine. They are not making plenty of money since they're costs are so high. And if you watch tv or read the paper, all of them are promoting large discounts/promotions on their vehicles.

 

[Capt Caveman]

Originally posted by: ElFenix

Originally posted by: Marlin1975
The "Big" 3 are offering deals. Heck even Toyota, who "NEVER" offers deals is offering them.

Nissan had almost 1/2 off their full size trucks at a lot of dealers.

toyota has something going on all the time. not sure where the reputation of them never offering deals comes from.

They've never offered zero percent financing til now.

 

[SarcasticDwarf]

Originally posted by: Tsaico
I think they are trying to just increase cash flow for right now by selling them for minimal profit. I thought about buying a new truck, but I would have to sell my current one to make the other half of my down payment. And if Ford can't sell a new one right now, I don't think my chances of selling a used one will be much better.

Good luck selling a used truck of almost any age these days. I tried to sell mine about 18 months ago and finally gave up. Heck, I only got ONE phone call about it.

People looking for a newer truck just go buy a new one. People looking for a used have so many options to choose from that they can drive the prices even lower and still get exactly what they want.

 

[vi edit]

Originally posted by: Capt Caveman

Originally posted by: ElFenix

Originally posted by: Marlin1975
The "Big" 3 are offering deals. Heck even Toyota, who "NEVER" offers deals is offering them.

Nissan had almost 1/2 off their full size trucks at a lot of dealers.

toyota has something going on all the time. not sure where the reputation of them never offering deals comes from.

They've never offered zero percent financing til now.

Not true. They've had 0% on closeout models for years now. And even the new Tundra had 0% on it almost since it's release. This current promotion is a little more inclusive though.

But, this 0% deal is only for 36 months. Not as tasty as the 60 or 72 month rates that other brands have routinely offered.

 

[vi edit]

Originally posted by: SarcasticDwarf

Originally posted by: Tsaico
I think they are trying to just increase cash flow for right now by selling them for minimal profit. I thought about buying a new truck, but I would have to sell my current one to make the other half of my down payment. And if Ford can't sell a new one right now, I don't think my chances of selling a used one will be much better.

Good luck selling a used truck of almost any age these days. I tried to sell mine about 18 months ago and finally gave up. Heck, I only got ONE phone call about it.

People looking for a newer truck just go buy a new one. People looking for a used have so many options to choose from that they can drive the prices even lower and still get exactly what they want.

And it's about freaking time. Used truck prices have been obscenely high for years. It's about time they came back down to reality.