ParkCity06
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Sorry--for the repeat--meant to post this question here. But is anyone else hearing that 2020 is the end of the line for the GT350?
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cool story, broThis is the last year for the R and cannot comment any further.
I feel the same way. With the Corvette going DCT only it even further limits the option pool.I hope not.
I don't foresee any car maker ever making another naturally-aspirated V8 with a manual. So as long as we can keep this kind of car on life support is a good thing for us enthusiasts.
Well, the global economy is slowly heading into a recession. We may already be in one and don't yet know it judging by recent economic data in the US, Europe, China and elsewhere despite stock markets continuing to rise (before the fall like last time). Weak Christmas sales in many countries is a strong signal as people simply aren't spending like they used to. Furthermore, the car market is way too overheated. Dealers are handing out cars on 7-8 year loans at a variety of interest rates to anyone with a pulse in order to shift units, and car makers are struggling with guaranteed values at the end of the lease term as too many models flood the market on cheap finance and depreciate hard, hurting the auto company's balance sheet.It seems expected. A power add or interior refresh would help. You would think the 2019 changes would increase sales.
I love your "analysis" (if you will).Well, the global economy is slowly heading into a recession. We may already be in one and don't yet know it judging by recent economic data in the US, Europe, China and elsewhere despite stock markets continuing to rise (before the fall like last time). Weak Christmas sales in many countries is a strong signal as people simply aren't spending like they used to. Furthermore, the car market is way too overheated. Dealers are handing out cars on 7-8 year loans at a variety of interest rates to anyone with a pulse in order to shift units, and car makers are struggling with guaranteed values at the end of the lease term as too many models flood the market on cheap finance and depreciate hard, hurting the auto company's balance sheet.
The people with these loans are not able to get out from under those loans because there is no positive equity in them to trade the car in and get something like a refreshed 2020 Mustang GT 350. As we know, most people don't have even $400 of spare cash in a month to spend on an emergency so where are they going to find $5,000-10,000 to make whole on their existing auto loan and somehow trade up into a newer car?
The used car investment market has softened tremendously as well also and speculators are starting to hurt on anything that isn't super exclusive like a Pagani Zonda, and that market isn't exactly as liquid as it was 18 months ago either.
Combine the economic slowdown and overheated car market with stricter environmental legislation globally, and it's almost seen as a bad investment by many of the newer generation to buy a gas guzzling V8 compared to a Tesla Model 3 Performance or something at least more efficient than a 5.0L motor.
The next 5 years is going to be very interesting as the world changes.
I'd still go for a GT350 or GT500 if I could. They might be the last of the V8 variety.