New Car Prices are coming down

[FUN X 3]

Re: New Car Prices are coming down

In regard to the topic of this thread, while having the Shelby in for service, we wandered around the lot looking at new vehicles, just for fun (we're not in the market). Came upon a '09 tricked out Eddie Bauer Expedition, list price approx $52,000. Hungry sales guy comes up and says, "I can put you in it today for $27,000". I looked at the sticker, at him, back at the sticker, back at him and said, "You're really desperate, aren't you?" I explained to him that my '00 Eddie Bauer Expediton was in perfect condition due to constant maintenance and only had 36K miles on it. He said it was people like me who were putting him out of business!

He forgot to mention that included the red venom trade-in...

[Hannah3]

Re: New Car Prices are coming down

The missing piece of your puzzle is the fact that (I'll use GM as an example) GM looses about $1,300 to $1,600 dollars per car they make and sell. They are burning through $4 Billion dollars a month (that's loss) just to keep workers working. This isn't something new, they have been losing money for years. They only make money on a few SUV models, and pickup trucks. When the gasoline prices topped over $3.50 a gallon, they began slashing prices and losing money on those vehicles too. Honda, Toyota, etc do NOT lose money on each car they make because they do not have the 40 year legacy retirement and benefits that the big three have. You can buy EVERY car that the big three can possibly produce at max capacity, and they will still lose money and fail. It's a pyramid scheme that has gone out of control.

As to what Toyo/Honda/Subaru is doing with all their money, they are busy building new plants and hiring more people to keep up production -though Honda recently pulled out of America building their Accords back to Japan.

I am from strong Union roots (UMWA), but even the strongest union men from Southern WV coal fields have pretty much found them crooked and useless in representing the interest of the workers. (some) Unions aren't what they use to be. *sigh*

Honda has been increasing their US employment levels every year straight from 1998. They are at their highest US employment level ever right now and plan (unless things totally tank) increases each year until 2012.