Friday, December 28, 2007
Something isn't adding up. I went car shopping for the wife and I've never seen so many good deals! Note: I bought in 1993, so I've seen car lots overflowing with inventory.
First, my 'real estate emotions' is the next article down. ;)
What I observed while car shopping:
1. Deals, deals deals! (2007 and 2008 models)
2. How empty the lots were.
3. How many 2007's are still on the lots
4. Cars/trucks of every type are in surplus.
I put in my name at AAA for a ~$50k Lexus GS350 and I've been hounded ever since then by the salesman. So far the offer is $4k below list. When is the last time a Lexus dealer started negotiations there? Today I went to a few dealers and was shocked to find $3k off on Hondas! Wow!
It wasn't like there was one or two cars we could be interested in. The salesmen would wave their hands over vast swaths of cars I had already ruled out by almost arbitrary guidelines (e.g., seat heaters).
I believe we already in a national recession. Car sales in December should prove interesting... More than one salesman commented on how 'gas prices were stopping all sales.' Gas prices? Or the end of MEW? ;)