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Originally Posted by b0son
70% price increase in 4 years?! At least the Americans seem to be voting with their wallets, here, we'd just suck it up.
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Quote:
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Originally Posted by Sprintey
They also abandon their cars when they go underwater or can't make the payments.
It's staggering to think that after NINJA home loans and the GFC, we could see the US about to exactly repeat the process, using cars this time.
This fellow has a very intelligent interpretation about what is about to go on in the US car loan world:
https://www.youtube.com/watch?v=dU9XIWnPh3M |
I kind of think that things are a lot different to the GFC when housing and the stock market were in real trouble.
Sure the Americans are running into trouble with high priced vehicles but it’s not a uniform thing across the industry.
All of the below comments are regarding the US, not Australian car market:
One of the main differences is there’s low unemployment but people probably not making the wisest choices
with their purchases- those maxing out credit cards and getting easy finance are the ones under the most stress..
What’s hard to see in new vehicle sales figures is the difference between recent restricted supply situation and now
where buyers are definitely pulling back as the market cools. Lower inflation in the US plus promise of three rate cuts
has really lifted the stock market in recent days - some predictions of impending doom may be abating