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

yeah i don’t believe 20% off Toyotas current pricing is realistic at all- but they’re feeling the competition more than ever as well.

 

Bottom line - 2024 is going to be a very flat year for auto sales. And more likely a great year to buy any new auto at sticker or possibly below - if recession is bigger than expected. When the Fed continues to jack rate year after year you know housing and auto sales are going to take a hit. Possibly a Big Hit.

 

So Twaiwans shortage was also fake and they are in cahoots with China?

 

People always will overinflated what they pay for a house and under-inflate what they paid for a car. I also lol at the idea of a dealership entertaining a 3rd base coach. No one wants to deal with a “negotiator” these days. They kick their ass to the curb unless they can talk to the actual buyer, not some pompous “I bought 7 cars so I’m an expert” jackass.

 

Agreed, 8% would bring the price to $38722.8. I suspect the prices of 23's will start to be shaved a bit as the 24's become reality, largely because dealers don't want to pay to floor old inventory.

 

Finally, a substantive rebuttal. TSMC had a 58% market share in Q2 of 2023, so they hold the ring. They also make 92% of the logic semiconductors at 10 nm or smaller. Yes, with Chinese port control the only expedient way for them to get IC's out to the market is by plane, and since so much of their output is as a sub component of another larger product, plane is not cost effective or an option as larger machinery takes too much space. We don't get the truth about the geopolitical disputes, and China's claims of disputed waters around Taiwan, or the south China seas, just mutterings and misinformation from the media. As TSMC has increased their foundry position, China has added more flow control out of Taiwan. The worst offender is not China, it is the port restrictions on containers coming off ships in the LA and SFO harbors. There have been governmental blockades holding container ships at sea for weeks into months. When they do dock they get hit with 3x+ expedited port fees, and then when unloaded the dock workers have different priorities (not first come, first served). I might be wrong, but I don't think the threat of a dockworkers/Longshoremen/teamsters strike is going to hold, unless it is enforced by the US Government.
Chips have started to flow again, as the backlog at the docks eases. It will obviously tighten up again if the strike in the US does happen.

 

Time will tell. Ironically, I used to love Taco Bell.

 

dear lord

 

https://www.reuters.com/markets/commodities/chinas-rare-earths-dominance-focus-after-mineral-export-curbs-2023-07-05/

It’s a good thing that the average person has no idea what any of these metals do or why this is important.

 

local dealer has 3 tacoma's on lot and one 4 runner. the 4runner has a 10k 3in lift and rims. all the tacoma's have plenty of extra crap.

you lost me by linking to the two biggest turds on the planet.

 

WTF did I just read? Welp, hank you for the Friday entertainment, cars dropping ~20%

 

I did a quick check on cars.com of the dealers near me. They are all at, or way above MSRP.

 

Fed rates are going to go up again, guaranteed. The average guy will be priced outta market w/o incentives.

 

Another deep thinkers reply. Meh!

 

I was asking because the company I work for gets its chips from Taiwan and I assure you the lead times that all the companies in our industry have faced were not port related. It was very long lead times from the Taiwanese semiconductors.

 

Not what I'm hearing from VAR's, Dell and the West Point GA Kia, but what do they know?

 

I guess we’ll see. Maybe they’ll have a blue light special like Kmart used to…

 

I think people might be saying "china" because most things come from China. Shortage was lack of supply from Taiwan.

I'm not saying nothing is produced in China but China didn't cause the shortage.

It was caused because we use an exponentially larger number of procesors in goods, foundries take 18 months to come online, foundries don't want to produce older processors cars use, everyone suddenly had to work from home so more laptops and other devices were purchased.

Every country then proceeded to print more money than has ever been printed in any period. By far. Thay right there caused shortages in everything. Shocks. Roof racks. Appliances (which now use processors). Building materials etc.

Well now everyone is spending money. Money is also being poured into the stock market. Now people have more wealth than they thought they would and now everyone knows people who suddenly can afford to buy a house or remodel their house.

The way the economy was looking, you now have companies building networks large enough to where they think the world and economy is going 2 or 3 years from now and they buy more than ever. They do so by selling their stock at now higher prices or very easy funding since money is so cheap.

Since we are in a shortage, yet more companies buy up networking gear just to sit on it for projects they think they will have 2 years from now but want to make sure they aren't impacted by shortages. This of course worsens the shortages.

Yeah maybe China pulled back on some little supply here and there maybe because they were angry that most of the world outlawed Huawei but it didn't have anywhere near the impact of what I just typed.

Dell doesn't really make any hardware to speak of so they don really know. No one buys their switches. Almost everything resold or white labeled. They are a little removed but again I think people were saying "china" when they didn't really know country of origin.

Proprietary processors aren't made in China because the IP will be stolen.

Edit: oh. And now that money isn't loose we are starting to see all the shortages prooving it was just a money supply issue whichbit obviously was..... Even the ones China can't have influence on like lumber. So again. Not china.

 

Stock tips?

 

Here is some insight on the car market from Money.

https://money.com/haggling-car-dealership-is-disappearing/