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GM raising C7 prices..

Originally Posted by Meulen that's one way to look at it . IMO GM is playing the same game the homebuilders were playing when financing on homes were enabled for

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Old 03-11-2014, 05:20 AM   #1 (permalink)
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that's one way to look at it. IMO GM is playing the same game the homebuilders were playing when financing on homes were enabled for people that couldn't afford them back in early and mid 2000's. When the car financing bubble burst, they will pay the price
I would prefer they do that vs. what Nissan did to every pre-'14 370Z owner out there. "Lowest retained value" is not exactly what a company should aspire to!
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Old 03-12-2014, 07:25 AM   #2 (permalink)
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I would prefer they do that vs. what Nissan did to every pre-'14 370Z owner out there. "Lowest retained value" is not exactly what a company should aspire to!
As opposed to how the government prolonged the ultimate downfall of the housing mkt with stimulous? I'd rather take my medicine all at once, just IMO. It's my job to look at this stuff. I can't stress enough how many indicators I see of a bubble in the auto mkt with financing. When you buy a depreciable asset you have to expect it to .....well......"DEPRECIATE". If you're buying cars like this, buy to enjoy it. If you're having fun, why do you care the value is going down? If you care about that, these cars aren't for you. Buy something cheaper so you lose less
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