430 market keeps falling..
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Today's Wall Street Journal
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things will stabilize when there are less and less used cars on the market. right now people are going to be buying up the used cars and getting good deals instead of buying new. but when those desperate sellers are gone and people still don't want to pay MSRP for a new car, the demand for used cars will increase and so will the values.
Last edited by empunker; Nov 25, 2008 at 11:53 AM.
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More proof....
http://online.wsj.com/article/SB1227...cle-outset-box
http://online.wsj.com/article/SB1227...cle-outset-box
Very interesting read. Thank you for posting.
From the article: "The love of cars never outweighs the love of money." Can't decide if I agree with this statement or not...
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things will stabilize when there are less and less used cars on the market. right now people are going to be buying up the used cars and getting good deals instead of buying new. but when those desperate sellers are gone and people still don't want to pay MSRP for a new car, the demand for used cars will increase and so will the values.
So for now the used market is cold stone dead. And there is no objective data which would lead one to conclude that the used Ferrari market will be coming alive anytime soon (in the next year at least).
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things will stabilize when there are less and less used cars on the market. right now people are going to be buying up the used cars and getting good deals instead of buying new. but when those desperate sellers are gone and people still don't want to pay MSRP for a new car, the demand for used cars will increase and so will the values.
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things will stabilize when there are less and less used cars on the market. right now people are going to be buying up the used cars and getting good deals instead of buying new. but when those desperate sellers are gone and people still don't want to pay MSRP for a new car, the demand for used cars will increase and so will the values.
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The market is flooded with used cars right now. And buyers are scarce. The question is when will buyers re-appear and start buying new and used cars? Until this global economic crisis begins to improve, it won't happen.
So for now the used market is cold stone dead. And there is no objective data which would lead one to conclude that the used Ferrari market will be coming alive anytime soon (in the next year at least).
So for now the used market is cold stone dead. And there is no objective data which would lead one to conclude that the used Ferrari market will be coming alive anytime soon (in the next year at least).
If you look on ebay, you will see that the vast majority of cars are prices way above what they will actually sell. Much like the housing market, the other shoe is yet to drop which is when the not so smart sellers finally realize what is happening and lower their prices. Economics will tell you that that will drop the actual selling prices even more. If you are looking for the bottom, there is still a way to go, IMHO.
that's exactly what I'm saying. cash buyers are out there and waiting for the prices to fall even more so they can score good deals. who is going to pay MSRP for new when they can get low mileage, like-new, used for far less? once those desperate sellers are gone and less used cars are on the market prices will stabilize.
