New Tractor Sales Are Declining

[skramer360]

I agree about pricing, but people are still buying. My neighbor is the sales manager for a large Toyota dealership. He told me that sales continue to be brisk and they can’t keep vehicles in stock. They are ordering months in advance for people. I can’t afford those prices, but apparently a lot of people are buying.

I think probably more than 50% of the people buying right now can't afford the new cars, they just don't know it yet. The difference between you and them is that you are smart enough to recognize it.

 

[Milo]

It's the interest more than anything that's raising the cost of cars, trucks, tractors, SXS's, motorcycles, etc. because 9 out of 10 buyers don't have the money to pay for what they want.

 

[rScotty]

I think probably more than 50% of the people buying right now can't afford the new cars, they just don't know it yet. The difference between you and them is that you are smart enough to recognize it.

I'm afraid you are right. I know a young couple who bought a house they could afford to make payments on.
In a few years they sold it at a profit to buy a larger one - and that worked so well they did it yet again.
In the process they've gone from a reasonable position to a precarious one.

The town I live near was a booming town 50 years ago and is now that way again.
In between then and now there was a ten year period when buildings sold for the price of back utilities & taxes.

I'm of the opinion that is a natural economic cycle, it will happen again, and I think that too much debt will be the cause this time. I don't think that politicians can cause or deflect it. They might - with luck - postpone it a few years.

rScotty

 

[arrow]

The government is always on your side.
Look how quickly they have protected you from inflatulation with this "Act" and that Act" and all for only a few trillion.
The more they fuel inflation, the more tax revenue they receive until that balancing act succumbs to consumer apathy.

 

[jyoutz]

I think probably more than 50% of the people buying right now can't afford the new cars, they just don't know it yet. The difference between you and them is that you are smart enough to recognize it.

Part of this is because in the west, we drive a lot of miles and replace our vehicles with 200-300K miles. When they’re wore out, they don’t have much resale and the only way to get rid of them is to trade for a new vehicle.

 

[ovrszd]

Part of is that n the west, we drive a lot of miles and replace our vehicles with 2-3K miles. When they’re wore out, they don’t have much resale and the only way to get rid of them is to trade for a new vehicle.

You can wear out a vehicle in 2-3K miles?

 

[jyoutz]

You can wear out a vehicle in 2-3K miles?

I saw the mistake and edited. 200-300K miles

 

[Yander]

The "Acts" are just smoke screens for getting money out of the American public so they can funnel it into their own pockets. Using phony special interest, charitable organizations and initiatives.

They just dress it up with some terms that resonate with people. Then they can also say look what we did for the American public.

It's the reason these presidents and politicians are coming out of office so wealthy.

 

[Paystar]

You can wear out a vehicle in 2-3K miles?

I know people that can do it!! Bahahahaha

 

[ovrszd]

I know people that can do it!! Bahahahaha

Me too.