- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Under current interest rates IDK how car dealers with lots of inventory survive.
Posted on 10/27/23 at 3:19 pm to wmtiger69
Posted on 10/27/23 at 3:19 pm to wmtiger69
quote:No, but rates have gone up a lot. And higher rates plus economic worries means fewer buyers. So if you combine the higher interest rates with vehicles sitting in the dealership's inventory a lot longer, then I could see how the numbers would make sense. If rates are 3-4x what they used to be on top of vehicles taking 3-4x as long to sell
Yea, I'm calling BS. Rates have not increased 13x.
1
Posted on 10/27/23 at 3:34 pm to Tiger Prawn
quote:Exactly, When you sell a car before it even hits the floor plan it's 0. Now cars are sitting and sometimes the rate goes up the longer thane car sits because it's deemed more risk for the bank as it gets older.
No, but rates have gone up a lot. And higher rates plus economic worries means fewer buyers. So if you combine the higher interest rates with vehicles sitting in the dealership's inventory a lot longer, then I could see how the numbers would make sense. If rates are 3-4x what they used to be on top of vehicles taking 3-4x as long to sell
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News