Seriously the ADM is completely outta control now....

[gone_n_60]

Here's a serious thing I've been reading about.. coming in the next 7 months to a year some car industry economist say that all the folks that have been getting loans at ridiculous high rates on over priced cars are going to start defaulting due to continued inflation that leads to slow business, layoffs, slower job market. When people realize their underwater for these way over priced new and used cars they'll let the loans default and walk away. This will then flood the market with late model repo's or fast sales as folks try to unload these bad deals. The Mustang and special models could be exceptions but maybe not the over priced Bronco's, Explorers, Tahoe's, etc. Car market could look way different by mid 2023.

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[shogun32]

all the folks that have been getting loans at ridiculous high rates on over priced cars are going to start defaulting

it's happening already, today! Ford Finance has seen a big jump in defaults and is cranking up the repos. The problem isn't subprime (they've always been a major risk) it's the prime people who got <3% loans that are walking away far above what they should be. Once the economy really gets going on the downward swing anybody holding that paper is going to lose their ass.

Mustangs are by in large "cheap" cars and while there will be Mach1 and similarly priced GTs getting dumped as well as GT500 bought on sketchy credit, the units will be tiny vs the rest of the $50,000+ SUV bracket.

 

[Unas2k5]

I would never pay a dime over sticker. In fact I would need the damn A plan.

 

[MattMPA]

It's already been corrected on that site. I've worked on dealer sites, and depending on where that site pulls price data, it could have come from Ford or the dealer's feed. Either way, and obvious typo that wasn't caught.

 

[ice445]

I'm about to TRY and order a 2023 Bronco when they open the banks on August 2nd, although Ford has yet to put up the 2023 configurator, so I have no clue what colors are going to be available, or what option prices have changed (and how high they have gotten since this year).

I know it's a crap shoot though, since plenty of '21 and '22 orders remain delayed or haven't been built at all yet. Part of me hates how much demand there is for these stupid things, but after driving one I kinda get it.

 

[Skye]

https://www.roadandtrack.com/news/a40718619/nhtsa-investigation-ford-bronco-v6/

I have not been tracking the modern Bronco, but know they are insanely popular. I've seen several and like them. But I did hear of the above yesterday. Don't know how widespread this problem is with the engine. Enough for people to look into.

 

[Strokerswild]

I'm about to TRY and order a 2023 Bronco when they open the banks on August 2nd, although Ford has yet to put up the 2023 configurator, so I have no clue what colors are going to be available, or what option prices have changed (and how high they have gotten since this year).

I know it's a crap shoot though, since plenty of '21 and '22 orders remain delayed or haven't been built at all yet. Part of me hates how much demand there is for these stupid things, but after driving one I kinda get it.

I might try again to get one next year, despite the idiocy of trying to get one currently. Then again, I've owned four Jeep Wranglers, and can get one ordered to spec for well under list in a matter of weeks.

 

[gone_n_60]

It's already been corrected on that site. I've worked on dealer sites, and depending on where that site pulls price data, it could have come from Ford or the dealer's feed. Either way, and obvious typo that wasn't caught.

I kinda figgered but it was really funny!

 

[shogun32]

Part of me hates how much demand there is for these stupid things, but after driving one I kinda get it.

20+ years of being cockbronco-blocked will do that to a population...

 

[Dai Uy Ted]

was checking my local Ford stealer today and WTF???

Financing $762,200 at $1,890/month should take about 30 years - I just bought my house at those figures. But my interest rate is 3.5%. Is that what the dealer is charging? Doubt it...
Lease at $829/mo - don't even want to project that term.

 

[Linkster1666]

"NHTSA first started looking into Bronco 2.7-liter V-6 issues in May, following complaints from 32 owners. Notably, NHTSA hasn't opened an investigation into 2022-model-year Broncos. We've reached out to the agency to see if it plans to do so. We also reached out to Ford to determine whether it's found the same issue with 2022-model-year Broncos. The probe covers an estimated 25,538 vehicles,"


Not sure this is an issue. So 0.1253% of Broncos are junk. Could be a lot of reason and certainly not a PANDEMIC. Oh, Wait!

 

[MCS]

Totally a typo (I hope)

HOWEVER.... The writing is on the wall folks. Within the next few years, automotive manufacturers will transition to online-only orders. Ford is doing it with EVs going forward and that is just the tip of the iceberg

Let me get my "ha ha" in before someone says "That's what she said".

Dealers are looking to cash out as much as they can as quickly as they can because they know it's coming. Like the coach says in the movie The Replacements "There is no tomorrow for you people, and that makes you all very dangerous people"

 

[gone_n_60]

Totally a typo (I hope)

HOWEVER.... The writing is on the wall folks. Within the next few years, automotive manufacturers will transition to online-only orders. Ford is doing it with EVs going forward and that is just the tip of the iceberg

Let me get my "ha ha" in before someone says "That's what she said".

Dealers are looking to cash out as much as they can as quickly as they can because they know it's coming. Like the coach says in the movie The Replacements "There is no tomorrow for you people, and that makes you all very dangerous people"

not so fast...

 

[joe603]

Dealerships are digging their own grave...They are trying to make up for 2020; it will blow up in their face. I hope we see the worst ones go out of business.

Check out the decent dealers who will order at or below invoice like Granger Ford.

https://www.grangerford.com/

 

[Polski]

Dealerships are digging their own grave...They are trying to make up for 2020; it will blow up in their face. I hope we see the worst ones go out of business.

Check out the decent dealers who will order at or below invoice like Granger Ford.

https://www.grangerford.com/

Most of them will go out of business when 100% online shopping hits...

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