Quote:
Originally Posted by JST
Well right now inventory is declining and not being replenished. When the factories crank back up again, even at a limited clip, I think you'll see the prices on new ones fall/incentives appear.
I think come summer/fall the companies will be a very different mood about trying to make a deal.
|
Entirely possible.
The other thing is that fleet sales are cratering. Hertz is in really bad shape, Enterprise declined delivery of 30k cars. Both (plus Avis and Budget) are about to flood the used car market...the only question seems to be with how many cars?
They'll join the pool of what appears to be a massive off-lease wave (that was coming this year even without the virus). Nearly a million cars are already sitting waiting for auction and no one knows how they're going to price.
There's a lot of speculation that this is a clam before the storm moment for used cars. The car I'm selling and the one I want to buy are not rental market cars, but they float on the same ocean.