Unsold cars pile up

[uls]

be patient

things are gonna get worse

anyone with excess inventory will cut prices

[tidus1203]

be patient

things are gonna get worse

anyone with excess inventory will cut prices

So you're waiting for them to make a Buy one take two offer before you get your hands into a new car?

[zero]

konti na kasi bumibili ng oto dahil sa financial crisis.

sa bbc news yesterday, nagsara na ang GM plant in thailand.
malamang magmahal ang spare parts ng GM cars dito sa atin at sa buong asia.

yung toyota japan, magbabawas ng working days instead na maglay-off.

[uls]

So you're waiting for them to make a Buy one take two offer before you get your hands into a new car?

Chevy SUV with free Aveo?

hahaha

[tidus1203]

And yep normally associated with these kinds of aggressive promo is gas guzzling full size SUV's like Ford Expedition, Dodge Durango, and Chevy Tahoe. Often accompanied by a base compact sedan as a freebie The dealers now understand that cutting their losses is better than holding on to this bombs far too long before they become virtually worthless...

[badsekktor]

waiting in line pa rin ako hehehehe! save! save! save! para masarap mamili ng bargain! recently,nagsale ang FILA, yun 3800 na shoe naging 1800 na lang! meron ako nakita LCD tv 39 inches, 29 thou lang LG yun brand. mukhang masarap mag bargain hunting ngayon!

[Altis6453]

If the economic indicators hold true, next year we'll experience a credit crunch, meaning a tightening of business and consumer lending by banks (even credit cards).

If that happens, you can be sure that even auto loan products by banks will be reduced, making it even more difficult for car dealers to sell their stocks. Net effect is that they will be pressured to move their stocks either by lowering prices or by resorting to in house financing which is more reasonable than bank rates.

[uls]

di pa natin gaano ramdam sa Pinas ang nangyayari sa developed countries

meron lag time

next year mararamdaman natin

[tidus1203]

Basta two things have to hold in order for local car sales to remain strong. JOBS and CREDIT. If these two hold, ok tayo! Remember Jobs and Credit come hand in hand. Credit simply means you are touching already your future income that you have not yet earned. A Job gives you that future earning potential. Lose one then bye bye car buying. I don't have any concrete data (I will appreciate it if someone does and shares it) but I reckon at most 20% of car buyers don't use credit while the 80% uses credit to buy a car.

[uls]

Car sales down 7.7% in November
http://businessmirror.com.ph/index.p...news&Itemid=58
December 8, 2008

THE local auto industry, which earlier predicted it can maintain its target sales numbers despite the worldwide financial storm, may be starting to feel the crisis’s effects that has reached Philippine shores. It managed to sell only 9,807 vehicles in November, which is 7.7 percent lower than its sales in October and is 6.9 percent lower than its November 2007 sales of 10,530 units.