New Tractor Sales Are Declining

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The purpose of politics is the distribution of wealth, sorry, I think the word "apolitical" never be suitable on any economist.

There was weakness on economy before Covid, I agree the Covid push the problem of economy. The problem is how to distribute the wealth, the gap between rich and poor, to fix it, need reform the distribution, or at least change it a little. Give everyone money won't fix the problem, only bring the inflation, and let more wealth go to rich one.

Back to market and tractor, what I see now is that people only buy what they have to, the buyers are watching and waiting, is it the bottom now? Who knows.... This is why someone prefer rent than buy now.

The Purpose of politics is to make politicians rich. Everyone of ours ,if not already such, comes out a millionaire
Also l for one believe it is of no business for the government to have anything to do with the “distribution of wealth”.
That kind of stuff only benefits the politician as he/she gets to keep their re-election bid in high gear with the more stuff they give to their constituents.

 

[5030]

New car sales are also tanking because the automakers have priced themselves out of reach of the average citizen. I'd never pay 80 grand for any vehicle, just not worth 80 grand, never has been, never will be.

 

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New car sales are also tanking because the automakers have priced themselves out of reach of the average citizen. I'd never pay 80 grand for any vehicle, just not worth 80 grand, never has been, never will be.

Remember the $3500 rebates they used to give? That meant the vehicle was priced $3500 too much.
Now they just let the government give you a $7500 check for falling for the ev crap.
l have to wonder how many of our pols are in the auto industry pockets.

 

[2manyrocks]

Can't be bought but available for rent.

 

[check]

New car sales are also tanking because the automakers have priced themselves out of reach of the average citizen. I'd never pay 80 grand for any vehicle, just not worth 80 grand, never has been, never will be.

Same here. I am driving my truck into the ground. I may even precede it!

 

[rScotty]

Well I just got a call from my local JD dealer asking if I have purchased a tractor yet. Said he has a whole heep of inventory that they need to move. It's here and it's real now.

I wonder how long it will be before oversupply leads to price cuts. Or if it will.

 

[5030]

Remember the $3500 rebates they used to give? That meant the vehicle was priced $3500 too much.
Now they just let the government give you a $7500 check for falling for the ev crap.
l have to wonder how many of our pols are in the auto industry pockets.

A lot I'm sure. Just look at how Biden sucks up to the UAW to realize that.

 

[5030]

I wonder how long it will be before oversupply leads to price cuts. Or if it will.

Don't believe iy will for a while because rampant inflation is increasing the prices daily.

 

[2manyrocks]

That's the question. They went overboard with stimulation (too much and too long) and then started trying to apply the brakes slowly once they saw the amount and velocity of price inflation and where it would be headed if they didn't change course. Best analogy is like a terrible driver who goes off the road on one side, tries to correct, and then goes off the road on the other side but still wants us to think their driving skills are excellent.

 

[jyoutz]

New car sales are also tanking because the automakers have priced themselves out of reach of the average citizen. I'd never pay 80 grand for any vehicle, just not worth 80 grand, never has been, never will be.

I agree about pricing, but people are still buying. My neighbor is the sales manager for a large Toyota dealership. He told me that sales continue to be brisk and they can’t keep vehicles in stock. They are ordering months in advance for people. I can’t afford those prices, but apparently a lot of people are buying.