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

You might want to just stop. Your jiberish here is ridiculous. Adding you to my ignore list.

 

Neither has any wage earner investing in T-bills

 

I sense you're triggered. Going forward, if you don't comment at me I won't comment back.

Back to the point. Apple started making their own processors. This should lesson the chip shortage.

Edit: that's a negative correlation

 

And they’re made by TSMC who is a massive supplier to the auto industry.

Hardly a negative correlation, @ThaCrow. Rather more strain on a key supplier.

 

Fair enough

 

I am not triggered. I’m just pointing out you don’t know anything about Apple.

 

Hopefully they do better than the railroad workers did.

And that's about all I have to say about that.

Back to the topic of price speculation- automakers will probably start disassembling vehicles that don't sell to artificially constrain supply and keep their profit/vehicle sold high. They've learned they can bullshit and string the customer along for years at a time, sell them a crap product chalk full of serious issues, and people will still happily pay to be abused.

 

When they don’t start dismantling cars, will you admit this speculation is foolish?

 

To be fair I had it on very good authority, someone in this thread, that apple manufactures everything in China. This TSCM thing was a real curve ball.

Did you buy RIOT? Up 9% today.

 

Yes, because it's mostly a joke.

 

Yup, that's why they all parrot the same exact news stories, with the same tag lines, and the literal phrasing, all from UPI and the AP. Competition you say?

 

Kind of like Social Security.

 

T-Bills are a hedge against a collapse. The trigger for this version of the 2008 collapse will be corporate real estate.

 

The U.S.car market has shifted into lower gear in only a matter of months. After "average car pries hit records highs as recently as last summer, many analysts now predict that an oversupply of vehicles will lead to a price war that sends prices plummeting. A recent report from UBS estimates that global car production will exceed sales by 6% this year, leaving an excess of 5 million vehicles that will require price cuts to get sold off of lots, Yahoo Finance reported. Although those price cuts might not happen until the latter half of 2023, automakers are preparing for a price war, and some electric vehicle makers are already slashing prices.

“Given the bullish production schedules, we see high risk of overproduction and growing pricing pressure as a result,” UBS said in a note to clients. “The price war has already started unfolding in the EV space, and we expect it to spread into the combustion engine segment [during the second half of 2023].”

Makers of family cars are most likely to suffer from price cuts, the analysts said, while luxury carmakers are expected to hold up better.

EV makers might take a major hit due to the combination of soaring energy costs and high prices that put many consumers out of reach, Yahoo Finance noted. In January, Elon Musk’s Tesla slashed the price of its cars by up to £8,000 in the U.K. Some of its cheaper models are now around the same price range as mass market brands such as Kia.

Best to hold off buying this year and then swoop in next year and get a steal on lower priced new cars and truck - like 2024 Tacoma.

 

Hats off NoOffRoad4Me. Few are willing to dig even a fraction deeper, and with the media pumping the electrified air in hopes of a propping up failing economy with the same gas and mistakes that are bringing it down, the sheep are all too willing to buy the mythology being promoted by the nightly news.

 

Yes, I wouldn't rely on that either.

 

When did the economy start failing? When was it good?

 

The economy was better before the pandemic, but it was showing signs of poor health prior. We were outspending ourselves by a significant margin and printing money prior to the coof.

Edit: I guess the best answer I can come up with is the economy was pretty good prior to September 11th, 2001. Then the nonstop wars really dragged us down. Sure made a lot of money for politicians, bankers, and defense contractors, though.

 

If I ignore the OP will the whole thread disappear from my screen? Hope so, I'll give it a shot...

 

I didn't think so, but apparently it does. I would rather have an ignore thread or hide thread feature.