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cars·Cars - For Car Enthusiastsbydocmox

Wholesale Used-Vehicle Prices See Large Decline in June

Wholesale prices are down almost 10% YoY. New car production is up and new car inventory is returning to normal. Prices have started to drop with the reintroduction of incentives.

All this points to supply returning and demand falling away with increased interest rates, high inflation, and the imminent return of student loan payments. Accordingly, prices should continue to fall. Hopefully we see a significant reduction in pricing and a return to reasonable affordability of vehicles.

https://www.coxautoinc.com/market-insights/june-2023-muvvi/Open linkView original on lemmy.world
cars·Cars - For Car Enthusiastsbydocmox

Chinese OEMs sign deal to prevent price war

Pretty concerning for the automotive market in China. This seems like open collusion amongst Chinese OEMs to ensure high prices and profits.

Western OEMs made some concerning comments last year about controlling production numbers to ensure prices remained high in western markets. While I doubt there would be any sort of open collusion such as the pricing pledge these Chinese OEMs have signed, it’s a sign of what all OEMs are thinking.

Car prices are at all time highs, and affordability for consumers are at an all time low. The western markets have shown signs of a price correction taking place through the reintroduction of incentives that haven’t been seen since the beginning of the pandemic. OEMs and dealers had record profits during the shortages but it’s time that prices come back to reality.

https://www.reuters.com/business/autos-transportation/tesla-offers-cash-rebate-top-models-china-2023-07-07/Open linkView original on lemmy.world
kia·Kiabydocmox

Sportage HEV/PHEV Allocations and Wait Time

Anyone care to share how allocations work for the electrified Sportages?

I ordered one of each through a buddy who is a sales manager at a local dealership but it doesn’t look like they’ve gotten any yet. Meanwhile, a few other dealers have at least had trickles of allocations come through.

Did I order through the wrong dealership? I know the ‘orders’ aren’t actual orders, just assignments when allocations come through.

Also, anyone have a allocation tracker I can follow?

View original on lemmy.world
cars·Cars - For Car Enthusiastsbydocmox

2024 Ford Maverick Changes and Price Increase Leaked

Fairly substantial price increase. I will admit a major draw of this small truck was the affordability. I think some trims are up as much as $2k. Wonder what kind of effect this will have on demand and the order banks.

https://www.mavericktruckclub.com/forum/threads/%F0%9F%93%A3-2024-maverick-ordering-changes-info-price-increases-new-terrain-azure-gray-colors-product-changes-etc.33645/Open linkView original on lemmy.world
rocketleague·Rocket Leaguebydocmox

Can we NOT make this community simply a highlight reel

r/rocketleague made a decision very early on that highlights would be allowed every day as regular posts. Subsequently, the sub turned into a giant highlight reel. Sure there were a couple of posts here and there on patches, RLCS, rare items, etc. But seeing highlight after highlight really killed the community discussions.

Making a request to the mods that highlights become a sticky-only or one-day-a-week thing as opposed to the core focus of the community.

View original on lemmy.world

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