So are cars suppose to have significant drop in prices?

[NewGuyG35]

I keep reading on several forums how car prices will be significantly less in the upcoming years, but don't really elaborate on why.

[Sbeck]

economy?

[Sbeck]

people arent able to afford cars as much anymore as long as the economy sucks

[Red_G35]

As of 2009, definitely not. For the last several years inflation has increased each year and I'm pretty sure 2010 wont be any different.

[Skaterbasist]

Originally Posted by NewGuyG35

I keep reading on several forums how car prices will be significantly less in the upcoming years, but don't really elaborate on why.

MSRP prices may not be any different. But expect dealers to cut better deals. The auto industry is really hurting right now, and if you have the right words, they'll do anything to sell them.

[Darkstar752]

Not on new cars, older cars. Mostly used, but even on tv you realize it's happening. Think about it, 1 out of every 3 commercials is for cars, and they are having a sale. Employee Pricing Plus, the Toyotathon of Toyotathons. I think something like 8% of dealers closed in the last year because of the tanking economy.

The biggest hits are people who have nice cars, can't afford them anymore, but no one wants to buy them so they have to drop the price. The G is one of them, you would never see them selling for so low if the economy was good.

[jutn35]

Originally Posted by Skaterbasist

MSRP prices may not be any different. But expect dealers to cut better deals. The auto industry is really hurting right now, and if you have the right words, they'll do anything to sell them.

JUST THE AMERICAN DEALERS !! japanese are still going some what strong

[RBull]

Put those statements under blah blah blah. The fact there is no reasoning in the posts you're reading about "significant" price decreases says it all.

IMO, the only thing fairly certain is there may be a few less manufacturers, dealers around and competition will be keen because of a weakened economy. Labour and other costs of manufacturing vehicles will likely be kept in check as will actual investments in facilities, design etc. Consumers will have less interest and ability to buy and the cost of money may remain low for a while so lower demand and interest rates will likely lead to lower prices.