• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

There will be a surplus of used vehicle inventory in a couple months

brainhulk

brainhulk

Diamond Member
finance.yahoo.com

Fear of an Impending Car-Price Collapse Grips the Auto Industry

(Bloomberg) -- The auto industry -- already fretting lengthy factory shutdowns and depressed new-vehicle demand -- is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences for manufacturers, lenders and rental companies.Used-vehicle...
finance.yahoo.com finance.yahoo.com

“Six months from now, there will be huge, if not unprecedented, levels of wholesale supply in the market,” Dale Pollak, an executive vice president of Cox Automotive, which owns North America’s largest auto-auction company, wrote in an open letter to auto dealers last week. “Cars are coming in, but they aren’t selling. Today’s huge supply of wholesale inventory suggests supplies will be even larger in the months ahead.”
Click to expand...

Hopefully i can score on an off roader. My friends have been off roading/camping and i feel left out. 😡
 
Come to the dark side...

tVzJTFh.png
 
There were some good deals after the 2008 crash. Personally, I'm looking for great deal on RV camper.
 
brainhulk said:
Sweet, Is that a gx? what mods do you have?
Click to expand...
This is an '05 GX470. If I were to do it again today, I would consider a GX460 - prices are coming down nicely and they have a stronger rear axle (Toyota 8.2" vs the 8" in the 470). I just swapped my rear axle with an 8.2 from a 4Runner (with e-locker) so it doesn't matter to me anymore 🙂 That said though, you could still buy and build a 470 for what a 460 would cost so the 470 is still the value king.

Short list:
Springs/shocks/upper control arms
Winch
Rear bumper/tire carrier, rock sliders, aluminum skids
Dual batteries, 100w solar panel & charge controller

There's a lot of other stuff, but that is the bulk of what you see.
 
qX9IiD9.png


2006 GX470 Sport. Join us on the dark side.

I used mine to skid logs around my property on Saturday.
 
jlee said:
This is an '05 GX470. If I were to do it again today, I would consider a GX460 - prices are coming down nicely and they have a stronger rear axle (Toyota 8.2" vs the 8" in the 470). I just swapped my rear axle with an 8.2 from a 4Runner (with e-locker) so it doesn't matter to me anymore 🙂 That said though, you could still buy and build a 470 for what a 460 would cost so the 470 is still the value king.

Short list:
Springs/shocks/upper control arms
Winch
Rear bumper/tire carrier, rock sliders, aluminum skids
Dual batteries, 100w solar panel & charge controller

There's a lot of other stuff, but that is the bulk of what you see.
Click to expand...

I want to know all the other stuff too. What issues if any, have you had out there? I like this car, it's basically a 4 runner but better and usually lower in price.
 
brainhulk said:
I want to know all the other stuff too. What issues if any, have you had out there? I like this car, it's basically a 4 runner but better and usually lower in price.
Click to expand...

PM'd.

I bought it in 2016 with 179k miles on it and promptly had the AC compressor replaced. Since then, I had what I think was a ABS/TRAC ECU failure around 200k miles -- I got another master cylinder / ECU assembly (they're one big expensive unit) off eBay for about $600 and swapped it. I had a little bit of rear diff whine on the highway (quite faint, most probably wouldn't notice) when I swapped the rear axle to an 8.2, and I also fixed a broken bushing in one of the rear links then. I have a front end clunk that's progressively getting worse -- I suspect it's lower control arm bushings (16 years old / 216k miles, they have done their time). Other than that, just normal stuff. Timing belt, fluids, etc.

start [GX Offroad]

lexusgxor.com lexusgxor.com
forum.ih8mud.com

4th Gen (03-09)

forum.ih8mud.com forum.ih8mud.com
 
ultimatebob said:
Yeah, it's too bad that Cash For Clunkers killed a lot of the used car inventory and jacked up the prices afterward.
Click to expand...
I was thinking of the luxury market. There were lot of good deals on Ferrari, Rolls Royce, Lotus, etc as rich people were unloading and trying to raise cash.
 
The only non-maintenance thing I've had to do was to replace a front half-shaft. At some point it had been replaced by a non-OEM one and it was clicking badly. I put an OEM half-shaft back in and no issue.

Overall the GX is about the most reliable vehicle you can get.

Lexus GX Reliability - Dashboard Light

Get long-term reliability information and rankings for the Lexus GX and other vehicles using the Long-Term Quality Index.
dashboard-light.com dashboard-light.com

Best and Worst Quality Index Ratings - Dashboard Light

[[[DESCRIPTION]]]
dashboard-light.com dashboard-light.com
 
Apparently there's a guy in my town who would take $50,000 in cash for his Gallardo but I haven't actually verified that.

I'll definitely be on the watch for good deals.
 
That would seem odd since you could just toss it on an auction site for something like 75k and have it sold that day. Unless his is like an 03 or 04 with a bunch of miles.
 
rstrohkirch said:
That would seem odd since you could just toss it on an auction site for something like 75k and have it sold that day. Unless his is like an 03 or 04 with a bunch of miles.
Click to expand...

I obviously don't know the condition or history of the vehicle. My first thought was maybe it's been in a fender bender or doesn't have clean service records. Or maybe very high mileage.

The people I heard about it from were saying he needs a large amount of cash right now. That's all I really know.

There are tons of cars I'd spend $50,000 on before buying a used Lambo.
 
I've been looking at a SUV for the wife and they're throwing out 15% off msrp on Acura without haggling. Some crazy good deals if you have money right now.
 
While this is a possibility (flooded used car market) I'd wager this is mostly fearmongering to try and get the government to push Cash for Clunkers again to try and crunch the used market and buoy new car sales.
 
Makes me reconsider my own strategy. A GX470 owner here gave a summary of repairs after ~ 170,000 miles, noting new things to be done at over 200,000. I've replaced all my transaxles on my 95 Trooper, new KYB Mono Max HD shocks, other minor suspension parts, power steering hoses, radiator. I'm close to 190,000. 60,000 on the reman transmission, 30,000 on an alternator, and 50,000 on the starter. The oldest parts are the engine and AC assemblies, but those items perform like new.

If I could get even a 2005 GX470 for $8,000, why would I buy a new car? This might persist a couple more years, if the market is awash in both new and used vehicles. The only thing exceeding owner/shop-manuals' maintenance schedule interval would be re-packing the wheel bearings. Mechanic says it will never need it. I replaced all the gear oil and motor oil in the front/rear axles and transfer case, two months ago.
 
If you're looking and find something I guess you should probably buy sooner rather than later.

If something like this gets official dealers will resist lowering prices.

www.barrons.com

Get Ready for Mega Cash for Clunkers, Morgan Stanley’s Adam Jonas Says

The auto analyst predicts bold action to get car customers buying, and says the crisis is an opportunity to rethink infrastructure.
www.barrons.com www.barrons.com

Edit - what the hell? When I saw this article it let me read it for free. It basically states that a new Cash for Clunkers will be MUCH bigger that the one ten years ago. Like 10 billion and opposed to 3 billion.
 
dasherHampton said:
If you're looking and find something I guess you should probably buy sooner rather than later.

If something like this gets official dealers will resist lowering prices.

www.barrons.com

Get Ready for Mega Cash for Clunkers, Morgan Stanley’s Adam Jonas Says

The auto analyst predicts bold action to get car customers buying, and says the crisis is an opportunity to rethink infrastructure.
www.barrons.com www.barrons.com

Edit - what the hell? When I saw this article it let me read it for free. It basically states that a new Cash for Clunkers will be MUCH bigger that the one ten years ago. Like 10 billion and opposed to 3 billion.
Click to expand...
I could actually benefit from this, my DD is only valued for trade-in at $1-1.5k, and would likely qualify. Waiting to see if it actually becomes a thing.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top