- Joined
- Feb 21, 2003
- Messages
- 26,962
- Location
- SE Michigan in the middle of nowhere
- Tractor
- Kubota M9000 HDCC3 M9000 HDC
Of course not Scooter. It's always easy to increase rates but no company ever wants to reduce them as it's 'bad business practice to give anyone a break today.USPS just raised rates too. If and when the economy recovers and prices come down do you think the parcel carriers will reduce their rates. Oh heck no!
I fear that is exactly what is going to happen to the automakers actually. They have increased their new vehicle prices to the point of unsustainability and when the bottom falls out (and it will, only a matter of time) they will be left holding the bag on vehicles that are not saleable to anyone, hence bankruptcy will be the only alternative and it's not just the domestic auto builders either. The onshore 'foreign' builders are following in lockstep as well.
Lots of workers are going to be in for a rude awakening as well. When the very workers that build new cars cannot afford to buy them, that tells me something bad is gonna happen.
Besides, who in their right mind would pay close to 100 grand for a vehicle that in reality is only worth less than 1/3rd of that. Not me and no one I know of would either. I do have sympathy for the few who spent that kind of jack and are now locked into a debt spiral with a vehicle that only depreciates over time. Vehicles have to be one of the poorest investments around. Not many items can match that depreciation rate today. Maybe motorcycles or snowmobiles can, not sure actually. I do know that with snowmobiles, they depreciate to about half the retail price, once you take them off the dealers lot as I have experience with that in the past. I was young and dumb back then, I'm not now.