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Old 04-20-2020, 12:48 PM   #15
JT58

 
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Dealers are fully open in my area. Three of us just bought trucks where I work, including me- a new Silverado. A matter of fact, where I bought mine, Saturday the show room was so packed with customers- more packed than I have ever seen a dealership. Most people seem to be buying new trucks though.
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Old 04-20-2020, 01:54 PM   #16
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Originally Posted by 90503 View Post
Just what I recall hearing that used cars for trade-ins will have ZERO value.

Dealerships will not even want them. All rental fleets are parked and moth-balled already.

Maybe a bad rumor, sorry if completely off. But the new-car market is completely out of whack and will never be the same. good luck.
Just traded in my 2017 Mustang GT for a used 2019 2SS, I got 28,500 for my mustang. Bought it in May of 2019 from the same dealership for 26,800. Paid 29k for the camaro. They haD no issue taking my trade and giving me a great offer on it.
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Old 04-20-2020, 02:13 PM   #17
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Maybe a bad rumor, sorry if completely off. But the new-car market is completely out of whack and will never be the same. good luck.
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Old 04-20-2020, 04:48 PM   #18
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I pick up my new one today. Dealer is having no issues moving vehicles right now. They just canít get restocked and that will be the issue soon. My friendís also wife works at the dmv in another area and they were closed for a week. When they went back (not open to the public yet) they had over 400 vehicles to process from the local Gm dealer.
I'm sure the majority of those deals are prior to the shutdown, it can take 2-4 weeks before deals even hit the DMV. It's the following weeks after the shutdown that the numbers will decline due to closings, layoffs and so forth.
Of course some states are doing better than others concerning sales, it depends on the variables that each state is going through.
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Old 04-20-2020, 05:44 PM   #19
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Quote:
Originally Posted by 90503 View Post
Just what I recall hearing that used cars for trade-ins will have ZERO value.

Dealerships will not even want them. All rental fleets are parked and moth-balled already.

Maybe a bad rumor, sorry if completely off. But the new-car market is completely out of whack and will never be the same. good luck.
If manufacturers aren't making new cars, dealers aren't selling new cars, than the price of used cars will increase. Rental agencies aren't renting any cars because no one is traveling.

The value of our cars (and other late model used) will hold strong.
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Old 04-20-2020, 06:05 PM   #20
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If manufacturers aren't making new cars, dealers aren't selling new cars, than the price of used cars will increase. Rental agencies aren't renting any cars because no one is traveling.

The value of our cars (and other late model used) will hold strong.
I hope so For now, the value of my car is in the joy of driving it's giving me and my kids. As to the Camaro itself, IMO there is still too much volatility everywhere to have any reliable long term information.
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Old 04-20-2020, 06:57 PM   #21
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We are not out of this madness with the virus yet and because of that, the economy along with the virus could go over the edge and that would be a disaster. Manufacturers are advertising defer your payments for the first 90 days and 84-month financing. Are you willing to stick your neck out, not knowing if you're going to have a job this time next year. I think money is going to be tight for some time going forward.
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Old 04-20-2020, 07:45 PM   #22
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GM, will be just fine. GM is making more money making and selling Ventilators than cars right now. Ventilators cost $25k-$50k on average. Probably making more profit on each one than they do on a car.
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They are providing the ventilators at cost. So no profit.
Yeah basically a $500 million contract for a company with normal annual sales approaching $200 BILLION. This isnít doing ok
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Old 04-20-2020, 08:16 PM   #23
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Chevy could sell me a ZL1 for 0% 76 or 84 but they won't do it. In the end I could care less they make another Camaro, or not, there are plenty of other cars out there.
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Old 04-20-2020, 08:41 PM   #24
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Originally Posted by 90503 View Post
Just what I recall hearing that used cars for trade-ins will have ZERO value.

Dealerships will not even want them. All rental fleets are parked and moth-balled already.



Maybe a bad rumor, sorry if completely off. But the new-car market is completely out of whack and will never be the same. good luck.
Not sure this is true everywhere. GF just bought a 2020 malibu and they gave here full trade in value. Finance says they are still seeing high demand for silverados and Suburbans.
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Old 04-21-2020, 12:05 AM   #25
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Originally Posted by Grumpy1 View Post
I'm sure the majority of those deals are prior to the shutdown, it can take 2-4 weeks before deals even hit the DMV. It's the following weeks after the shutdown that the numbers will decline due to closings, layoffs and so forth.
Of course some states are doing better than others concerning sales, it depends on the variables that each state is going through.
For what itís worth people are buying. They were writing up 3 new sales while I was there picking up my car.
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Old 04-21-2020, 09:15 AM   #26
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Quote:
Originally Posted by JT58 View Post
Dealers are fully open in my area. Three of us just bought trucks where I work, including me- a new Silverado. A matter of fact, where I bought mine, Saturday the show room was so packed with customers- more packed than I have ever seen a dealership. Most people seem to be buying new trucks though.
Hey JT58, do you feel that you and your co-workers got significantly better deals than you could have pre-virus? I don't need a new truck, but I will within the next couple of years. If the pandemic results in dealers offering once in a lifetime deals, then I may look at buying. Unless the low/no interest deals can be had without giving up other discounts, which probably isn't the case, I would be paying cash.
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Old 04-21-2020, 09:41 AM   #27
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People with money, have money to spend. I'm not sure how much this will affect luxury / sports cars. Most people are not buying Camaros because they need practical affordable transportation.
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Old 04-21-2020, 10:03 AM   #28
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Quote:
Originally Posted by Pro-2A View Post
If manufacturers aren't making new cars, dealers aren't selling new cars, than the price of used cars will increase. Rental agencies aren't renting any cars because no one is traveling.

The value of our cars (and other late model used) will hold strong.
No there Crashing, Badly

https://www.bloomberg.com/news/artic...-auto-industry
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