19 Comments

1. 

   Blanshee on October 20, 2022 at 5:08 am

   My girls Hyndaui blew its engine , so we got her a used Honda from CarMax. It was Dead empty on a Sunday with a very poor selection of vehicles and low fleet numbers.

2. 

   Elegant_Grass6619 on October 20, 2022 at 5:08 am

   I’ve had a Ford Maverick on order since June 2021…. no word on it at all, but there is a vin number. When I look at models on dealer lots the vin numbers are higher, so it is probably built and sitting in a field somewhere waiting for something like a computer chip or accessory. When they finally do call me for pickup, I’m going to inspect it very closely and if it has rust or something otherwise going, I’ll just sell it to the dealer or flip it into the market since they are selling above sticker. The whole ford process has basically turned me off to ever doing this again in the future, it’s been a waste of time

3. 

   couchtrader on October 20, 2022 at 5:08 am

   Good! Auto industry was upside down. This is one industry where massive deflation needs to occur. I’m currently buying a brand new truck for $15k less than a 2019 of the same model with 60k miles on it. Stupid. I could turn around and sell my new truck if I didn’t need it for $15-$20k more than I bought it for the next day

4. 

   NarutoRunner on October 20, 2022 at 5:08 am

   It’s because a 1998 Toyota requires a damn mortgage to acquire….everything in the auto industry is overpriced

5. 

   throwaway195147 on October 20, 2022 at 5:08 am

   It has always been a dream of mine to own a Lambo https://i.redd.it/mm6xlah2ukx61.jpg

6. 

   Royal_Cryptographer7 on October 20, 2022 at 5:08 am

   Haven’t heard “Cathie is right” for a while now.

7. 

   Autumnalskye on October 20, 2022 at 5:08 am

   The used car industry is but also my 2005 Audi Ty which is like 2-5k say two years ago was valued at 14k over summer sooo like it was way over inflated this year

8. 

   masteryyi on October 20, 2022 at 5:08 am

   Wow only 50% higher than the annual average in 2019

9. 

   CPA_CFP_Depression1 on October 20, 2022 at 5:08 am

   https://publish.manheim.com/en/services/consulting/used-vehicle-value-index.html

10. 

    Both_Research_2057 on October 20, 2022 at 5:08 am

    Look at a kmx chart, shows the whole picture

11. 

    Weak_Commercial_7124 on October 20, 2022 at 5:08 am

    You had me till the last sentence.

12. 

    Pestelence2020 on October 20, 2022 at 5:08 am

    Good. The market for cars was WAYYYYYYY too expensive.

13. 

    Phx-Jay on October 20, 2022 at 5:08 am

    I watch the lots at dealerships everyday on the way to work. The Toyota lot has been slowly growing with the number of trucks for the last couple months. Seems to finally be a good selection. Sales are obviously down.

14. 

    what_cube on October 20, 2022 at 5:08 am

    What does this means? Less people buying used cars?

15. 

    yoloxxbasedxx420 on October 20, 2022 at 5:08 am

    Is this dealer auction or retail?

16. 

    chive2468 on October 20, 2022 at 5:08 am

    Don’t bail out anybody. Let it all crash

17. 

    BrokeSingleDads on October 20, 2022 at 5:08 am

    This is normal for this time of year… tax season is always the hottest… 4th quarter sales are down 20-35% compared to other times of the year… New car inventory still being slashed… Honda Toyota announced 40% cuts for Oct so don’t expect anything to change

18. 

    jp90230 on October 20, 2022 at 5:08 am

    OTOH, Tesla just showed 54% growth in vehicles sales.

    Cathie is always right as usual /s

19. 

    Cold-Permission-5249 on October 20, 2022 at 5:08 am

    Cathie predicted the inevitable. Too bad she use those same “skills” on ARK. Of course the automotive industry would return to normal levels eventually.