Market crash = My Jeep dreams are put on hold :-(

[Kluk Ztopolovky]

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[CT_LFC]

DOW is down like 30% in the past 4-5 weeks. Just a total beatdown the markets have taken.

A few days ago i thought in a few weeks once we got through this the market would spring back up, but as the country slows down almost to a full stop i think we're now looking at a few months for the market to have a healthy rebound. With this shut down businesses / companies are going to be feeling the lost revenue and when they have to report on Q1 results they won't be pretty, with layoffs probably likely to come.

For buying a new car i think you'll be looking at fantastic deals during the summer as companies try to get people back spending their money.

 

[Cthehentz]

These are crazy times and I would sit on it, stash your savings and wait for the rebound. My oldest just got notice to take the rest of the month off from a Large Casino here in Vegas, lucky for him he moved back home after his divorce so I have a full house again just the kids are well grown so we will navigate this storm as a family and count our blessings.

 

[Notorious]

...but as the country slows down almost to a full stop...

It is truly as shame as I sincerely believe that we as a country are so much stronger than this! I get that we want to slow down the transmission of the virus but shutting down almost completely across the nation, we are hurting more people economically than necessary.

I really hope the country can rebound from this ASAP.

 

[Windshieldfarmer]

Take a few minutes to read about the Spanish flu epidemic of 1918-1919. What is being done now is far less painful in the long run than taking a less aggressive approach. This is very serious...and absolutely necessary IMHO. I hate it too...but the long term economic pain will be far worse if this thing gets out of control...

 

[ViperJon]

The market will come back with a roar when this gets sorted out....and it will. Nothing but bad news now and the media is feeding into it full bore. This is nothing like the 2008 economic crises the underpinnings are still very strong. Maybe our country will learn a valuable lesson about off shoring so much medical supplies and necessities. The spread of this will slow and most people who have it will recover and be fine. Consider yourself lucky if your biggest worry is not buying a new car.

 

[Stormin’ Moorman]

Never let a crisis go to waste

 

[Jeepster commando]

Jeep dealers will probably start slashing prices as a result. and more rebates. vehicles are going to be sitting on lots through all of this. they'll really want to move them after.

I just saw a commercial for Jeep Wrangler incentives up to $3500 off MSRP. It just started circulating on March 16th 2020.

 

[timn1984]

This is not just a US problem its world wide. One of the major issues that has not come up yet, is the fact that the supply chain for parts has for the most part come to a screeching halt. This will interrupt manufacturing for a bit, which will put everything behind. Yes a lot of parts come from china and other countries overseas. Until the Virus is contained, we are at a standstill, but it will come back. This is not doomsday, its an opportunity, as stated above. Keep looking up......

 

[JeepJLBase]

The worse thing about this is that the lessons we learn won’t be implemented. We can’t think farther than the end of our noses and deserve everything we get for being so greedy.

 

[viper88]

Buying a car cheap is the least of our problems. What we save on a car will be offset by the negative effect on the economy. It's not looking good. There will be more pain before it's over. Markets are free fall again this morning.

 

[Odyssey USA]

The bill Congress sent to the senate was obviously thrown together without much thought. Imposing payroll costs on businesses between 50-500 employees while employees sit at home or watch their kids will shut down that family’s business and eliminate jobs for those people after they can return. There won’t be anything left to return too. Small businesses pay for unemployment insurance. That should be part of the solution and hopefully the senate makes changes. Whale oil beef hooked...if not. Smh...Congress...

 

[kermitjewel]

These are crazy times and I would sit on it, stash your savings and wait for the rebound. My oldest just got notice to take the rest of the month off from a Large Casino here in Vegas, lucky for him he moved back home after his divorce so I have a full house again just the kids are well grown so we will navigate this storm as a family and count our blessings.

well stated, rally 'round the family

 

[Leisure Freak]

Smart financial move to put things on hold, wait for positive signs, and possible future deals. Besides, what fun is having a low interest car payment and a new JL sitting in the garage because of quarantine? I really have nowhere to go right now with all the shut downs and other possible shut downs without notice. Playing in the hills just doesn't feel right to me right now until things shake out more clearly.

 

[Pig-Pen]

This is not just a US problem its world wide. One of the major issues that has not come up yet, is the fact that the supply chain for parts has for the most part come to a screeching halt. This will interrupt manufacturing for a bit, which will put everything behind. Yes a lot of parts come from china and other countries overseas. Until the Virus is contained, we are at a standstill, but it will come back. This is not doomsday, its an opportunity, as stated above. Keep looking up......

my wife works for CBP (customs) in the inbound section inspecting seized cargo. she said over 60 ships have been denied entry into the LA/LBC ports and are being told to wait off the coast for at least two weeks. right now they barely have any work to do. every day ships come in with cargo. there will be a massive delay in imported goods. similar to the dockworkers strike a few years ago.

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