Home Forums Hunting & Shooting Hunter's Campfire Car Price Predictions?

Given the COVID situation, what do you think will happen to new car pricing over the next 6 months?
Also on the sell trade in side what will happen to the used car market?

Would you buy now or wait? Your thoughts are appreciated.

I'm hoping they bring back "Cash for Clunkers". I'm waiting.

I don't know about pricing but terms to get people to buy will extend long before pricing falls. Pricing will fall AFTER they let you go 10 years, 0.0% APR through MFG credit machines.

Average term just as the shut down hit was over 70 months for the first time ever with the average note on a new sled being 34k.

New vehicle prices will be at rock bottom. Car lots are full and nobody is buying.

Before there are any real savings there will be all sorts of low interest rate/extended credit offerings that will get people to spend money before they are ready to and pay more in the long run.

AS mentioned there is no where for prices to go. factory incentives are already at an all time high and interest rates 0% for 84 months. The dealers dont make much on cars. used cars might be another story,

The factorys are shut down right now so no inventory is not that full

Have confidence in yourself. Get out there and make your own deal. A dealer with financial woes will be easier to beat down whether it's now or in 6 months.

In the chitter with bank repos.0 % with 84 month financing.What a deal.

These current incentives aren't really any better than what we had in Nov/Dec but the 0% for 84 marketing helped keep the flow coming into the dealerships. I think there deals will continue to get better until we see people out working/earing in big numbers and with this hit to our economy, that might not be for quite awhile.

New cars will resemble ventilators.

Probably so!!!

Wherever this ends up.....they would be much cheaper if the covid-19 mortality rate had been as bad as the media and the dems wanted! memtb

Yeah maybe they'll even throw in the paint protection and paper floor mats for free

Why so they can take the rest of the affordable, used and collectible cars off the market! Cash for clunkers was a scam! Now instead of people being able to buy a car they can work on, they have to pay someone with computers, to diagnose problems!

That truecoat - they put that on at the factory, BUT let me see what I can do.....

Jerry Lundergard.

The rental car company's are dumping an unusual amount of cars right now Enterprise just added 500 vehicles to their Tampa Florida for sale list when typically there would be more like 50.
Others may be doing the same, first of any deals I've taken note of.

At some point in time, I will replace my truck. The equivalent of what I have today is like $60k which is downright stupid. They would literally have to offer $15-20k in rebates or I'll just drive mine until the wheels fall off.

I don't think prices will change much. Companies can keep production down to match demand. Car parts prices will increase as people fix rather than replace.

If this thing goes to bed in a few weeks should be ok. If not there are going to be a lot of repos which will ding the market especially the lease market and lease prices

I was looking at new trucks before this all hit. I'm driving an 08 Tundra with 135K miles. Salesman comes up and asks me what's up? I tell him my Tundra has 135K and I'm looking to replace it. He tells me I'm being foolish that the dealership has lots of Tundras with over 250K and one with over 500K. I've decided to wait for the next generation Tundra. Rumor is they will have the Lexus motor as an option.