Prices in the new car market are about to tank, will Toyota get the memo?

Before the end of the year, the new car market is going to be forced into a 20% pricing adjustment because inventory is starting to bloat. Interest rates are through the roof, the chip argument is not and was not ever a valid position. And my buddy's in the L.A. and SFO docks are complaining about not being able to move containers for cars.

Toyota, if I guess right, will bring their trucks (and Cars) to market before October, and they will initially do so with a price increase. That ship is going to sink 10 miles out of port, and it won't be a "we're taking on water moment," rather an "all hands on deck, get the lifeboats over the side."

Time will tell if I'm right!

 

I thought doc workers US and Canada are going on strike along with the auto workers ahead of next year.

 

I’m sure toyota will be fine. They’ve survived recessionary environments before

 

You should let Warren or Jim know you're available for prognosis.

Any other hot tips?

 

Lol such optimism is great! Unfortunately, probably not going to happen. Car makers have learned to constrain supply to fatten up their per-unit profitability.

There isn't going to be a return to the "lots are brimming with unsold inventory" any time soon.

 

I've been wrong before, but the rumors are that they won't strike as ongoing negotiations are asking the USG to stay out, and this gives leverage to the workers, not the dock authority. Can't speak to the Canadian impact as I don't know anyone there.

 

Not suggesting that it will take down Toyota, only that I expect they will follow the herd.

 

Snippy retort. Cute.

 

Thanks!

WAG prognoses deserve cute!

 

Probably can go either way. Dealers are currently holding back inventory at the docks, and staging to hold up these insane over MSRP prices. Problem is these prices and interest rates are killing the walk-in traffic for dealers. All a person has to do, when they are not blowing smoke, is look at sales reports.

Admittedly Toyota is an outlier, and when you point at their sales numbers through 2022 they really don't tell you anything, other than Toyota is volatile. Although when you look at the big boy Ford (like them or not), you get a lot clearer picture of the market.

While some might take offense, facts are facts, and pretending to be a smart ass armchair critic is at best cute.

https://carsalesbase.com/us-toyota/

 

Also, if you look at the 20 v 21 numbers, even Toyota's sales increase is almost a return to the baseline. 2020 they fell 11.86%, and in 2021 they only recovered 10.33% of the loss. Car makers started to crawl back from the Plandemic in 20, and have been either flat, or falling in 2021 & 2022, and the court is out for 2023 as final numbers are yet to be seen. Month over month is not reported as mfg's don't have to report lawfully until years end. No, I'm not a bean counter, but I understand numbers, and cowardice from people who won't do any research on their own. Buckle up ladies, the winds picking up and the waters a bit choppy.

 

Cool. So…
1. what’s the MSRP of a given trim on any type of 2024 Tacoma?
2. what’s that^ times 0.8 in $?

 

Well, If prices drop, maybe i'll take advantage?
If they don't, i still have a good truck i can keep driving.
No hope, no fear.

 

With no particular insight on the matter, it seems improbable that a 20% pricing adjustment is in store for new car buyers. Hopefully it will become possible to negotiate below sticker sometime soon.

 

Toyota has proven to be masters at gaming supply to generate artificial demand. If we’re ever to see 20% off MSRP, it will come with a massive credit crisis and recession. And they’d still find a way to sell Siennas for 60k.

There is some buzz about securities backed by car loans about to take a shit. But I’ll believe it when I see these things manifest into lower prices.

 

so it was fake? Or can you explain this point more?

 

OP was/is trolling. He knows exactly what the rest of us does which is exactly zero.

 

I'm all for a 20% reduction in price but it ain't happenin.

 

Not happening. Car lots around here are still sparse with few new cars. Local Toyota dealer is so empty you can shoot a cannonball through the lot and not hit a car. They have been begging for used cars.

 

already happening... Ram has been offering 10% off in commercials and recently added an or 2.9% to the commercial.

total inventory is nearing 60 days of supply. some brands are clearly more than that, while toyota currently lags.

repo's are up. it's just a matter of time before you will be able to swoop in for a deal of a lifetime