Thinking of buying a car? Hey, you might need one, even after the world ends. When there’s no more gasoline, you can park it on your land and your mother-in-law can live in it.
If you want to buy a car, now seems like a good time to wait. Unsold cars from 2008 and 2009 are piling up by the hundreds of thousands at port facilities and storage areas all over the world. Dealers, many of them on the verge of going out of business themselves, can’t take delivery of any more cars. They can’t sell the ones they already have.
At some point, probably when the 2010 models roll out, the car companies will have to figure a way to get rid of all these cars (awesome photo gallery). They could crush them, but more likely they’ll sell them at any price they can get. I think I smell some deals coming.
12 responses so far ↓
1 vladviking // Mar 17, 2009 at 2:48 pm
NEWs blurb last night said GM was doing great in China.
2 Bitmap // Mar 17, 2009 at 3:13 pm
The shopper for the rural county I live in always has a big two page ad from the biggest dealer in the county with all the “great” prices for the latest models. Lately, that ad has had lots of space for 2008 models, and only one little section for 2009 models.
3 Mama Squirrel // Mar 18, 2009 at 5:27 am
One of our car dealerships is so desperate already that they are offering to put a hold on your payments for three months if you loose your job; and if you don’t get back on your feet after that, then you can return the car with no penalty….and our area has among the lowest jobless rates in the country.
4 Hokiemagnum // Mar 18, 2009 at 7:05 am
Well, when GM’s finished making love to my tax dollars and smoking a celebratory cigarette - maybe they’ll get inspired to make vehicles that can actually compete in the market place.
Show me a full sized truck that gets 30-50mpg and requires very little maintenance over a 15 year period. Till then, I hope the company implodes. Sooner the better. I’d rather my tax dollars go to AIG bonuses then the auto industry.
There’s a reason they’ve been going under for so long.
All that said and done, I’d like to score a nice deal on a new 2008 family vehicle…lol…..I’ll keep my ears to the ground.
5 Bitmap // Mar 18, 2009 at 7:32 am
A GM rep told me “Your car has 75,000 miles on it. It’s a high mileage vehicle. You have to expect it to break down.” I wasn’t impressed.
6 3rdman // Mar 18, 2009 at 8:58 am
Modern cars, 2001 and newer are designed for about 200,000 miles of life. You do not even give them a tuneup until 100,000 miles now. The 75,000 rule holds true on vehicles from the 70 and 80s though, but this is all subjective on how you maintain your vehicle also.
7 3rdman // Mar 18, 2009 at 12:52 pm
Ammo shortage maybe not after all!!
http://3rdman-peacekeeper.blogspot.com/
8 Hombre // Mar 18, 2009 at 2:50 pm
I was told that you could get a 2-fer on some lots but a buddy of mine- the 1st car at full price, the 2nd for a buck!
Anyone else see this???
9 Ghost1 // Mar 18, 2009 at 5:06 pm
Yup, Dodge in Chicago ran it a little while back.
10 3rdman // Mar 18, 2009 at 8:41 pm
A dealer in the Dallas Texas area doing the same thing.
11 Big Bad Dad // Mar 19, 2009 at 12:36 am
There’s a guy doing something like it in Idaho. You get a Chevy Cobalt for free, if you buy something big like an Escalade. Then you can have the Chevy for free, or get $13,000 back. You choice. The funny part nobody actually took the Chevy yet. Everybody wants the $$$.
http://www.ktvb.com/news/localnews/stories/ktvbn-jan0609-peterson_deal.4515f377.html
12 SurvivalTopics.com // Mar 19, 2009 at 3:59 am
The bailouts are your tax dollars working to keep these companies running as they always have been. Little will change.
Best thing to do would be to let the market take its course - those who made bad decisions (like producing more SUV’s) will die off. Fresh, innovative companies would, of course, come to the forefront and fill the gap.
Let face facts - Big Business has our government in its back pocket, so your taxes are going to be used to bail them out and attempt to prevent any new car companies from coming to the fore.
In the long run, this attempt at preserving the status quo is foolish and will prolong the downward spiral that is the world economy.
Leave a Comment