Don't Buy A Car Just Yet

Never forget that in the long run, supply and demand determines prices. The following was just forwarded to me, which tells me that car prices are going to drop significantly in the coming months.

"Here is a slide show of pictures of car storage lots around the world for new cars that have to be sold. Then, consider that US rail shipping dropped last month and its the same this month at something like 17% plus... that the world economy has a huge glut of unsold inventory which will result in drastic production cutbacks world wide to come in future months, and of course big layoffs world wide that come with that."

Slideshow

"With many manufacturers on extended Christmas shutdown, the number of cars rolling off production lines in December fell 47.5% to just 53,823."