Another point: If you sell your new Lexus after 3-4 years, you won't be getting full value from its 6-year warranty against corrosion perforation.

 

My Ultra Luxury will depreciate about 50% and it will lose about 50% of its value in 4 to 5 years, so I don't think that it's going to be a problem.

 

I assure you rust will not be a problem in four to five years either.

 

In this market, I wouldn't be so sure. What are well maintained 2017 ES 350 UL's going for now?

 

This craziness will not last long.

 

Honestly, I disagree. I think it's here to stay, for years.

 

Doubt it - basic economics will dictate once supply is adequate.

 

That's exactly why I think it's here to stay. Basic economics dictates that demand will continue to exceed supply indefinitely. The pent-up demand we're seeing now will remain just that, pent up, because the constraints on supply will still be there: chip shortages (whose cause will shift from the semiconductor factory fires to the shortage of neon from Ukraine), factory slowdowns including at suppliers' plants because the pandemic will resurge, trucker and railroad insufficiencies, and port slowdowns.

The only thing I see relieving the shortage of product is the thing nobody wants: a worldwide depression caused by spiraling second-order consequences of the Russia sanctions (fuel and fertilizer shortages driving price spikes for industrial fuels, consumer gasoline, and food, driving stagflation and conomic slowdown).

I'd love to be wrong, though.

 

This talk about rust and spending thousands of dollars to repair a vehicle is total nonsense. A bunch of BS. I think it would be a task to even find a car with exterior rust these days. The boss's Honda will be 9 in September and looks like new. Even my 24 year old Corvette has no rust... HeHe just kidding,,, It's fiberglass...

 

2019 ES350 UL, the car is at the dealership now for this issue. waiting for their feedback.

 

Do not doubt that automakers are going to ensure there is inadequate supply, whether real or artificial, for years to come. It has proven to be extremely beneficial to them to produce less new cars.

 

I think you’re correct. The manufacturers, particularly Toyota, are cutting back on their builds just to mai gain dealer inventories, so in the future dealers will have fewer cars sitting around on their lots and more will be ordered brought the pipeline allotments or other arrangements. Ford has been a big pusher to have more ordering. Bottom line, this will​​​​​ cause prices to remain in the high side with a consequent affect on the used market as well.

 

I hate to tell you this but manufacturers compete fiercely with one another for market shares. Toyota like other brands cut back production due to parts shortage such as semi-conductor chips. As for pricing it is the network of independent dealers that ultimately set the prices and not the manufacturers.

 

Have you priced the cost of rust repairs and bodywork lately? It’s very expensive.

 

What’s all that black stuff? Did your hood get repainted? Doesn’t look original.