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	<title>2-Speed &#187; Economy</title>
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		<title>Time to Buy a Car?</title>
		<link>http://www.2-speed.com/2008/11/time-to-buy-a-car/</link>
		<comments>http://www.2-speed.com/2008/11/time-to-buy-a-car/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 15:29:17 +0000</pubDate>
		<dc:creator>Will</dc:creator>
				<category><![CDATA[Economy]]></category>
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		<description><![CDATA[<p>What little I know about economics tells me that when supply exceeds demand, prices fall, right?&#160; If that still holds true in today’s whacked out economy, the information in this article in the New York Times today tells me that if one is in the market for a new vehicle and can find some [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.2-speed.com/wp-content/uploads/2008/TimetoBuyaCar_8BC4/1119bizwebPORTSsub.gif"><img title="1119-biz-webPORTSsub" style="border-right: 0px; border-top: 0px; display: inline; margin: 0px 10px 10px 0px; border-left: 0px; border-bottom: 0px" height="624" alt="1119-biz-webPORTSsub" src="http://www.2-speed.com/wp-content/uploads/2008/TimetoBuyaCar_8BC4/1119bizwebPORTSsub_3.gif" width="154" align="left" border="0" /></a>What little I know about economics tells me that when supply exceeds demand, prices fall, right?&#160; If that still holds true in today’s whacked out economy, the information in <a title="NYT - A Sea of Unwanted Imports" href="http://www.nytimes.com/2008/11/19/business/economy/19ports.html?_r=1&amp;partner=rss&amp;emc=rss" target="_blank">this article</a> in <a class="zem_slink" title="The New York Times" href="http://nytimes.com/" rel="homepage">the New York Times</a> today tells me that if one is in the market for a new vehicle and can find some way of borrowing money for it, there will be bargains – big bargains – to be had.</p>
<p>According to the article, there is “a sea of Corollas, Camrys and RAV4s” at the 150 acre Long Beach port where the cars enter the U.S.&#160; And, lest one concludes that it’s just low-end cars piling up, there is also a huge number of Mercedes consuming real estate there.&#160; Perhaps even more telling, the tractor trailers that transport the cars to dealerships are also on the lot, sitting idle.&#160; Dealers are refusing cars because their lots are similarly full.</p>
<p>Several auto manufacturers are leasing space at the terminal because they don’t know what to do about the cars.&#160; Yikes!</p>
<p>Considering I’m not in the market for a car, would it be cruel just to drop by a car dealer and try to negotiate a great deal just for sport?&#160; Yeah, that might even be evil.</p>
<div class="wlWriterEditableSmartContent" id="scid:0767317B-992E-4b12-91E0-4F059A8CECA8:a0d61e52-3a53-4749-b482-31d737893014" style="padding-right: 0px; display: inline; padding-left: 0px; float: none; padding-bottom: 0px; margin: 0px; padding-top: 0px">Technorati Tags: <a href="http://technorati.com/tags/cars" rel="tag">cars</a>,<a href="http://technorati.com/tags/imports" rel="tag">imports</a>,<a href="http://technorati.com/tags/economy" rel="tag">economy</a></div>
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