Cars and the Corona....

[Sulu]

The 2020 New York Auto Show has now officially been cancelled. Originally scheduled for April, it was postponed to August when a field hospital was set up in the Javits Center, the home of the annual New York Auto Show. Although the field hospital has not been used, it remains on standby should the need arise. This has made the Center unavailable for the Auto Show.

2020 New York Auto Show, Rescheduled For August, Now Canceled

There won’t be a 2020 New York Auto Show, which joins a growing list of automotive events delayed due to the coronavirus pandemic.

www.motor1.com

 

[suxeL]

Coronavirus - Update Graz

Thanks to @Tragic Bronson .

 

[IS-SV]

Tesla announced price drops today (and it's easy to guess that it's corona-related), $5K on S/X, $2K on 3, no change on Y.

 

[Tragic Bronson]

Tesla Model 3 beats Honda Civic as top-selling car in California - Electrek

Tesla Model 3 has outsold the much cheaper Honda Civic to become California’s top-selling passenger car during the first quarter 2020. The California-based automaker has been consistently doing good in its home market, which also happens to be one of its biggest markets in the world. In the...

electrek.co

 

[suxeL]

Used Car Prices Are Almost Back To What They Were Before All Of This

Somewhere in the middle of all this—I can’t remember when any of it started, or what day it is, or where I live, or who I am, my life is pretty much Memento thanks to the pandemic—a lot of people began to worry that the bottom might fall out of the used car market.

jalopnik.com

Seems used car prices have gone up to within 1.9% pre-covid

 

[suxeL]

https://finance.yahoo.com/news/may-auto-sales-reports-today-140802336.html

Toyota TM has already reported a drop of 25.7% new auto sales from last month — not a great number, but pent-up demand over time ought to bring these figures into something of a “V”-shaped curve (hopefully), as well. Overall, May sales are expected to come in around 11.8 million vehicles sold. This is well below the earlier estimate of 15.5 million sales, but already a marked improvement from April’s 8.6 million sales.

Interesting developments. Zero percent has now been extended to every single model in the lineup in both Toyota and Lexus. Cash Rebates have been few and far between still though.

I guess the play is that with inventory dwindling, its still attractive to pay more with less interest...idk

 

[mikeavelli]

May wasn't nearly as bad as April.....

 

[Tragic Bronson]

so tempted

2020 Honda Civic Si Now Cheaper To Lease Than A Corolla

Honda’s Sign & Drive leases have presented an attractive value in recent months, with the Civic Hatchback even being one of the best leases for

www.carsdirect.com

 

[suxeL]

so tempted

2020 Honda Civic Si Now Cheaper To Lease Than A Corolla

Honda’s Sign & Drive leases have presented an attractive value in recent months, with the Civic Hatchback even being one of the best leases for

www.carsdirect.com

Interesting numbers. Apparently Hondas got some really good leases out by increasing their residuals (toyota is using the same strategy for select models like the tacoma and tundra). Pilot LX is the same money as a Honda CRV....more space for the same $$$.


Post pics if you go SI on us @Tragic Bronson.
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Another interesting tidbit which is a stark contrast and some terrible advice in my opinion, but dealers seem to be suggesting folks with negative equity to purchase a new vehicle with zero percent instead of pay down their existing vehicle loans.....smh

 

[Tragic Bronson]

These Car Brands Haven't Taken Away APR Deals (Yet)

The latest APR deals show a clear shift away from some of the crazy financing deals we've seen in recent months. However, not every automaker

www.carsdirect.com

Mainstream brands aren't the only ones offering deals. For example, Lexus is continuing to offer interest-free financing on almost its entire lineup. Everything from the entry-level Lexus UX or the flagship LC Coupe, you'll find 0% APR for 60 months (or 1.9% for 72). It doesn't get much better than this.

Although Lexus is offering some hefty rebates, some buyers may save more money by financing. For example, the 2020 Lexus LS offers a $5,000 rebate. With an $80,000 car, a 5-year loan at 5% would cost nearly $85,000. Choosing 0% APR would cost $80,000 and have a lower monthly payment to boot.

 

[suxeL]

These Car Brands Haven't Taken Away APR Deals (Yet)

The latest APR deals show a clear shift away from some of the crazy financing deals we've seen in recent months. However, not every automaker

www.carsdirect.com

If theyre advertising about 5% in rebates on the purchase price, one can only imagine the mfg->dealer rebates on this thing