I'm thinking the bottom will fall out of the US vehicle market this year.

So, maybe wait a little longer?

There are way too many cheap, long and bad vehicle loans and leases.

These loans and leases are hitting the lowest possible people who can least afford a vehicle.

There are many ex lease vehicles will be hitting the market.

The US economic growth has been revised down by Christine Legarde as well.

Car sales are tanking. Cheaper cars loans were shorter term. Soon SUV, CUV and pickup leases in the same position as car loans due to their longer terms on average.

I don't think the bottom will fall out of the truck market but I believe there will be a significant slow down in sales which will be good for those in the market for a new truck. The manufacturers are geared up to produce more trucks and any slow down in demand will lead to some very good incentives. There are those who are waiting for an all new GM truck and a new Ram. It looks as if 2019 will be the year for the all new Silverado/Sierra.

The new truck/car lots near me are full of trucks right now, all brands.
So they are giving up to $12,000 discounts, why not have the MSRP that much less instead of thinking they are giving people a deal?

a year ago I bought a brand new crew cab RAM, hemi, 4x4, anti-spin, 3.92 for under 29k. Paid cash. No loan.
yeah it's the work truck trim but it works for me as it's a weekend, family hauler, tow machine.
Love the truck.

You have listed Groundhog Day as a summer holiday above. My understanding is that Groundhog Day is February 2.

Has anyone noticed that new vehicle sales tend to be cyclic? Keep in mind that we just climbed out of a recession about three years ago and a lot of people started replacing aging cars and trucks. Up until this year we were seeing growth and sales coming close to the peak we saw back in the early '00s. Most of these people are now hooked into 5-year and longer loans and honestly won't be buying for at least another two years or more. Even leases tend to be between 2-3 years on average and, as stated above by several, some of these are coming due over the next year, opening the used car market for those who can't or won't pay for a truly new car.

As such, however, I believe we can expect a 2-3 year slowdown in auto sales which may just give the EVs a chance to build their market. EVs now carry around 3% of the global market which is about double 2015's numbers. At this rate, when people start buying again, we could quickly see EVs jump to 10% market--somewhere around 2020.

RoadWhale,
Funny you talk of EVs.

Great Wall is going to have a hybrid pickup in a couple of years. From what I've read it is targeting Ford, Toyota, etc.

http://www.caradvice.com.au/570128/great-wall-to-launch-ranger-rival-in-australia-by-2020/

The Chinese are learning ............ slower than I thought they would.

@BAFO,
Diesel is dead. Wake up.

"You have listed Groundhog Day as a summer holiday above. My understanding is that Groundhog Day is February 2."

Most of the id!ots on this site would never notice.

"big holiday sales dealerships promote (Fourth of July, Canada Day, Groundhog Day, Labor Day, etc.)."

Read it again, no mention of Summer Holiday, however, "Big Holiday Sales Dealerships promote" SUCH AS;

If they can drop the price $10,000 during holiday/Summer sales plus give the workers a big year end bonus, they have to be priced way to high in the first place.
I was waiting for the twins to come out, but when they came out, bigger and not better then the previous trucks I decided to wait for the Ranger, hope I will not be disapointed and have to settle for a mini-Ram/Toro

Dave, unlike Gm, the Ranger will actually be new with tons of features. When they say all new GMC/Chevy 2019, they really mean it was made in 2019 with 2005 tech.

Hearing BAFO and Roadwhale try to sound like economists is LOL funny stuff. Legarde? Really?

BAFO has been predicting the next USA recession since the last recession. He missed the longest economic expansion since the 1980s in the process.

Thank God these guys are not YOUR stockbroker.

GM and Ram are still the best trucks you can buy, that Ford trash aint even worth a look.

papajimnii,
Really. Please play with the boys.

It appears your comments are generally anti social, or authoritive.

You don't hold the creed to act in such a way. Please again in a friendly note of caution, play with the boys.

I empathise with your shortcomings regarding your personality, like most do here at PUTC.

Now, what did your comment have in relation to summer sales?

I missed that part. So, please re-submit a comment detailing your views on summer sales and enlighten us with your knowledge.

papajimnii,
Really. Please play with the boys.

It appears your comments are generally anti social, or authoritive.

You don't hold the creed to act in such a way. Please again in a friendly note of caution, play with the boys.

I empathise with your shortcomings regarding your personality, like most do here at PUTC.

Now, what did your comment have in relation to summer sales?

I missed that part. So, please re-submit a comment detailing your views on summer sales and enlighten us with your knowledge.

@Big Al

please stay on topic. When confronted with your dearth of economic expertise you respond with character assassination. Please cite some bonafides unless you don't have any.

@BAFO

Ms Legarde's office has been trying to reach you all day!

The US Dept of Commerce released the Q2 GDP numbers today. The economy grew in the quarter ended June 30. Doubled the previous quarter. For those who attended public schools, Q2 was the first full quarter of the new President's term.

doubled.