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The great debt crash

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    #49
    Used car market appears to be in early stages of some form of collapse. Repos apparently pouring in. This is getting nasty, but for those in the market looking for a vehicle, time is on your side . . . .

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      #50
      Originally posted by errolanderson View Post
      Used car market appears to be in early stages of some form of collapse. Repos apparently pouring in. This is getting nasty, but for those in the market looking for a vehicle, time is on your side . . . .
      Used car market needs to come down. I bought a new vehicle Friday for less than what 1-2yr old (25-50000km) are advertised for. Same make/model/options. Don't make sense.

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        #51
        seeing same shit with polaris side by side
        new same as 5 year old stuff on kijji
        surely to christ people aren't paying those stupid prices?????

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          #52
          This is how things were not so long ago in 2012. Could buy new for the same or just a hair more than the used market. Can't do that with farm equipment just yet, but it will come.

          Being told there is a luxury tax being implemented on new vehicles over $100,000. Is that the Governments attempt to cap the market?
          Last edited by flea beetle; Nov 5, 2022, 19:10.

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            #53
            $20k for a snowmobile, $30k for a sxs, how can that be sustainable.

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              #54
              Originally posted by Taiga View Post
              $20k for a snowmobile, $30k for a sxs, how can that be sustainable.
              30k is exactly the most I paid for a vehicle, six months old mind you

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                #55
                Originally posted by flea beetle View Post
                This is how things were not so long ago in 2012. Could buy new for the same or just a hair more than the used market. Can't do that with farm equipment just yet, but it will come.

                Being told there is a luxury tax being implemented on new vehicles over $100,000. Is that the Governments attempt to cap the market?
                Salesman told me a customer walked away from an Escalade when he found out the luxury tax is 20% on anything over $100000. I guess it's working?
                Getting tough to find a diesel 1 ton under $100000.

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                  #56
                  I think one tons exempt
                  3/4 tons not
                  That’s why there is so many one tons

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                    #57
                    Me thinks a lot of those overpriced SUV and trucks will get capped at $99000 and the dealerships will still make buckets of money.

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                      #58
                      Half of the EV offerings are over $100k now.

                      Did they get an exemption.

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                        #59
                        Originally posted by macdon02 View Post
                        Higher, the majority is always wrong. It's a bond market collapse, like the title of thread, NA equities are just fine, there's capital flowing into North America from Europe and Japan, the currency effect is dominant.
                        This probably correct, but not yet. S&P has another 20% to fall. Many companies are down 70%.

                        But yes, the US is attempting to replace QE with sucking in the industrial base of the EU and Japan to fight China. Its the first attempt at repatriating the supply chains and propping the industrial base. Why start from scratch when you can just lure it here.

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                          #60
                          Originally posted by Old Cowzilla View Post
                          Me thinks a lot of those overpriced SUV and trucks will get capped at $99000 and the dealerships will still make buckets of money.
                          Used vehicle prices tumbling, it just a matter of time for new prices to get choked as well. Credit card debit a record high and average consumer savings reported down 70 percent in 2022.

                          Oh, but this is not a recession and there is no deflation according to mainstream press.

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