Platinum Contributing Member Rigid1 Posted July 28, 2022 Platinum Contributing Member Share Posted July 28, 2022 https://www.25newsnow.com/2022/07/27/rivian-confirms-6-workforce-layoffs/ Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted July 28, 2022 Platinum Contributing Member Share Posted July 28, 2022 Things have slowed down considerably in my corner of the automotive world. Advanced design for some up coming EV programs and a Ford Design competition. I went from working balls out with not enough time in the days for the past couple years to an easy 8 hour work day Quote Link to comment Share on other sites More sharing options...
Cold War Posted July 28, 2022 Share Posted July 28, 2022 22 minutes ago, Skidooski said: Things have slowed down considerably in my corner of the automotive world. Advanced design for some up coming EV programs and a Ford Design competition. I went from working balls out with not enough time in the days for the past couple years to an easy 8 hour work day Well, this can’t be right???? They are creating jobs like crazy. Everyone is excited. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 28, 2022 Share Posted July 28, 2022 Poor Spin and his stock of the decade. 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted July 28, 2022 Platinum Contributing Member Share Posted July 28, 2022 3 minutes ago, Cold War said: Well, this can’t be right???? They are creating jobs like crazy. Everyone is excited. Sure seems like it's on the downside of it's many cycles to me. Shortages and switching to EV's. Some are starting to question when new work will come in etc. Trying to read the tea leaves thinking it might be like it was last time the Auto took a shit. All while what's her face is running on "Saving the Auto Industry" again Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted July 28, 2022 Share Posted July 28, 2022 rivian looked good till it hit 100k Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 28, 2022 Share Posted July 28, 2022 Does this mean that used cars are finally going to be priced realistically? Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted July 28, 2022 Share Posted July 28, 2022 Just now, spin_dry said: Does this mean that used cars are finally going to be priced realistically? that's gonna be a bit Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 28, 2022 Share Posted July 28, 2022 Just now, sleepybrew said: that's gonna be a bit My guy tells me 6 weeks. He’s been saying that for 2 years. Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted July 28, 2022 Share Posted July 28, 2022 42 minutes ago, spin_dry said: My guy tells me 6 weeks. He’s been saying that for 2 years. i don't think the used market will improve till the new stuff comes back. we have almost no new, so no trades to sell. forget the auction. we have been buying lease turn ins. the market itself may soften and interest rates climbing will slow things. but we need new cars to create the used ones Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 28, 2022 Share Posted July 28, 2022 4 minutes ago, sleepybrew said: i don't think the used market will improve till the new stuff comes back. we have almost no new, so no trades to sell. forget the auction. we have been buying lease turn ins. the market itself may soften and interest rates climbing will slow things. but we need new cars to create the used ones There’s been an uptick in repos, but not enough to make any type of measurable effect. The decent vehicles are typically gone from lots in less than a week. I’ve been to three auctions since April. It’s mostly hard used equipment that’s being sold. Quote Link to comment Share on other sites More sharing options...
sleepybrew Posted July 28, 2022 Share Posted July 28, 2022 most dealers here are adding 5k to the sticker. we refuse to fleece our customers in tough times. they will remember when times get better. that being said we have had folks fly in from florida. louisiana ,maine and other states to buy and drive home. 5k will buy a plane ticket and a lot more! plus the denali is already 85k! Quote Link to comment Share on other sites More sharing options...
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