- Joined
- Feb 7, 2019
- Threads
- 32
- Messages
- 4,316
- Reaction score
- 886
- Location
- Northern VA
- Vehicle(s)
- 2019 GT+PP, SS+1LE, 2020 F150
- Banned
- #46
Not sure that benchmark is going to hold up. Short of cash of course, that may be the new floor in consumer financing. The people willing and able to pay cash is a TINY fraction of the current ownership. Cash is of course a GOOD THING, but we as a society have gone absolutely MAD for cheap credit. And are going to pay the piper bigly.And if 8% is the best someone can do then they shouldn’t be buying a new car of any kind.
Is Ford going to survive as a going concern when they have to slash 40-60% off their prices so meet the consumer where they are? In some sense they did this with Maverick. Can they sustain it when Mustang reverts to a 20-35,000 car in full-zoot trim? Ditto F150 crash from 50+K to 35K?
My traditional ceiling has been 25k for a new auto. I let that come up to 35-37k for the GT/PP1 and SS/1LE cause they were "speshual".
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