Where are all the 370s?

BrianMSmith · 07-08-2011, 08:18 PM

I've made this response a few times to similar posts. The 350Z was produced during a time of financial over-leveraging, when everyone bought new cars they really couldn't afford, wrote checks they couldn't cash, using dodgy financing, often from cash back mortgages on new home purchases, helocs (2nd mortgages), etc. I do the same commute to work every day for the last 15 years, and about 5-8 years ago, just about every car on the road was a brand new bmw, corvette, 350Z, audi, etc. Nowadays I hardly ever see brand new cars, and not many of them are these luxury brands.

Essentially, people are not buying 370Zs because they are still paying for their 350Z, or whatever.

Now with the housing bubble (aka credit) gone bust, we are back to more normal times, and not many people can afford a $40k car all said and done. Not many at all. Many households that were 2 income are now 1 income. 40% of all mortgages owned by Americans are underwater, more like 90% of all mortgages on homes purchased between 2002-2007 during the housing bubble.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Kids n 370s	radek7633	Nissan 370Z General Discussions	230	12-20-2010 12:43 AM
Any 370s running higher than 20psi?	GoDZiLLa_845	Forced Induction	68	04-16-2010 11:31 PM
370s become very popular in NOVA	m4a1mustang	Mid-Atlantic Region	20	09-16-2009 10:20 AM
Are you seeing other 370s on the road yet?	NeedforZ	Nissan 370Z General Discussions	77	07-20-2009 12:34 PM
Houston 370s?	wstar	Texas	68	06-10-2009 11:05 AM

07-08-2011, 08:18 PM	#22 (permalink)
BrianMSmith Enthusiast Member Join Date: Dec 2009 Location: secret Posts: 267 Drives: 370Z, Ducati 748S Rep Power: 16	I've made this response a few times to similar posts. The 350Z was produced during a time of financial over-leveraging, when everyone bought new cars they really couldn't afford, wrote checks they couldn't cash, using dodgy financing, often from cash back mortgages on new home purchases, helocs (2nd mortgages), etc. I do the same commute to work every day for the last 15 years, and about 5-8 years ago, just about every car on the road was a brand new bmw, corvette, 350Z, audi, etc. Nowadays I hardly ever see brand new cars, and not many of them are these luxury brands. Essentially, people are not buying 370Zs because they are still paying for their 350Z, or whatever. Now with the housing bubble (aka credit) gone bust, we are back to more normal times, and not many people can afford a $40k car all said and done. Not many at all. Many households that were 2 income are now 1 income. 40% of all mortgages owned by Americans are underwater, more like 90% of all mortgages on homes purchased between 2002-2007 during the housing bubble.