Car dealers are beginning 2019 with a heavier inventory of unsold vehicles on their lots, a situation that some analysts say will put pressure on them to cut factory output as U.S. auto sales are expected to cool this year.
There were 3.95 million vehicles on dealership lots at the end of January, a 4% increase from December and up nearly 3% from the prior-year January, according to data released Monday by WardsAuto.
While January is typically a slower month for new-vehicle sales, analysts say the rising stock levels are becoming problematic because car companies will start this year with more unsold inventory than they had three years ago when U.S. auto sales peaked at 17.55 million for the year. Industry forecasters and some auto executives predict sales this year will fall well below that figure, dropping to under 17 million vehicles for the first time since 2014.
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5 comments:
They are greedy and set an outlandish MSRP that nobody can afford. The Dealers refuse to deal because they are greedy. When the Corporations can offer discounts of 20 - 25% discounts which is 10 - 20 thousand off a vehicle then they deserve to suffer. Dealers do not pass on incentives or even partial incentives they receive from the corporations. So they should be made to eat their mistake. Consumers need to quit buying and make the Dealers and Corporations realize we want to be treated fairly, since the average consumer cannot afford a vehicle that is close to equal their house cost. They are building for the elite only.
It's not just the dealerships. The acres of new car lots at seaports are jammed.
I'll never buy a new car or truck again
This is what happens when people don't have jobs to make money to buy these things... So clearly tax cuts or tax breaks helps people have money which in the end helps the economy... the more money you steal from me at the point of a gun, the less I buy stupid needless bullshit, which the economy needs me to buy in order to be an economy...
NO what WILL HAPPEN IS, they will have a short fall, need to make it up SOOOO they will RAISE TAXES to cover the short falls, which in turn makes you have less money, less money means less spending on bullshit, and no buying of bullshit means no economy...
But yes as the one poster said, you all are to happy to be slaves and pay what ever price they make you pay, and that is why you have this mess, the companies want to make money as everyone does, I can't hate them for that, that is capitalism, but when you have moronic stupid people who think taxes will help the economy they are smoking lead paint...
DAE car auction in Felton De. That's where I buy mine at wholesale.
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