Will smart be able to avoid this problem? (Re: unsold cars & prices)

[SubSlr88]

Hundreds of thousands of unsold cars worldwide. Will smart be able to avoid this problem? I hope so . . .

Read the last section on this page closely.
The Silver Bear Cafe

[Smartdavis]

I am waiting for the buy one get one free promotions. Thanks for the link!

[SubSlr88]

Originally Posted by Smartdavis

I am waiting for the buy one get one free promotions. Thanks for the link!

Kia actually had that here locally in late 2008! Well, almost - if you bought their top-tier SUV you got their econo-box coupe for only $895. Not a bad way to pick up a car for the kid, should you both need a new car. . .

[Suze]

"Cars are going to get cheaper, much cheaper. Auto prices will crash. Liquidation sales later this year after the 2010 models come out are going to be fabulous.

It makes no sense to buy a car now, no matter how good the deal looks. The deals will get progressively better as the year rolls on."

I'm pretty sure that's going to be the case with lots of things... like travel!

[Padawan]

Originally Posted by Suze

"Cars are going to get cheaper, much cheaper. Auto prices will crash. Liquidation sales later this year after the 2010 models come out are going to be fabulous.

It makes no sense to buy a car now, no matter how good the deal looks. The deals will get progressively better as the year rolls on."

Reminds me a bit of an article I read late last year (when oil was trading around $140) stating how there were people who had been buying up call options for $350 per barrel oil. Speculation can be an amusing thing when looked at in retrospect.

[Alan Smithee]

It's already a problem. Tons of unsold smarts sitting on dealers' lots here in Los Angeles.

[chieftmc]

Yes,

Hold on to your $$$ and pick up some great deals at the end of the year

[forestacademy]

Originally Posted by chieftmc

Yes,

Hold on to your $$$ and pick up some great deals at the end of the year

And thats what makes the cycle continue down. As everyone waits for the bottom to buy.
Houses
Cars
Stocks
The longer we wait the lower they will get because everyone is waiting while supply continues to build. The only way the auto industry can force the prices back up/drive the supply down, is to stop making them. Lay off all the auto workers untill supply drops. Mean while all those layed off auto workers are not spending money, driving the conomy down further so less folks can buy stuff

Same for the construction industry

I'm just saying, If you could use it and you feel secure in your purchase then go ahead an buy it.

[rfernatt]

Originally Posted by forestacademy

And thats what makes the cycle continue down. As everyone waits for the bottom to buy.

The dreaded feedback loop. The deals won't look so good if we're all out of a job.

[brian r]

My local smart dealer shows 45 new '09s in stock on their website...