I'm not seeing any real decrease in prices yet. Dealers have procured their current inventory stock at a certain price point and need to get a certain selling price out of the vehicle to turn a profit. They'll just assume sit on their current inventory and hope the economy rebounds quickly before they'll have a fire sale. Dealers are rejecting new stock and manufacturers are just letting the inventory pile up in arena parking lots.
It takes a while to get some slack into the car market, it doesn't happen immediately. If we had more of a true free market economy, it would happen quicker, but alas we don't.
Also look out for a Cash for Clunkers 2.0, or some type of gubment program.
|