- May 9, 2012
- 24,048
- 81,900
- Primary Interest:
- Other
Not trying to panic the crew but just to show how crazy things are with this corona virus thing.
https://www.ctvnews.ca/business/cor...nse-of-dramatic-stock-market-plunge-1.4831248
Quite a knee jerk environment.
Yet this time it makes a little more sense.
Lots of production being undermined , as well as the supply chain.
If it keeps dropping , that would make for a good time to buy in. Panicked investors selling at a loss (why not stick with long term if you're going to be around?)and who ever's buying is paying less...
I just bought a new truck.
Time will tell if the timing was right. It was pretty much time anyways.
If sales falter too much , popular vehicles will be less find-able as other inventory on lots is promoted. The bigger potential lag will be what automakers want to do with existing stock inventories , and forecasts for production from here on out a ways. There's some leeway....And potential special orders need considered too.
I recall a time in the early eighties when things were tight ,when people leaned towards drab colors on new vehicles. So not to flash them is supposed while other folks were just driving their tired out old vehicles longer due to economic necessity.....
IF this bug becomes cyclic like flu's ect. does , it's long term might get interesting in seasonal economies.