Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr
Submitted by miataowner t3_yhucuc in wallstreetbets
Auto zone is a good play, most working type can’t afford a 60-100k new car so they are fixing their old POS until cars a more affordable again.
60-100k cars? You looking at strictly BMW & Audi? lol GM just announced electric SUV for 23k after rebate..... i still wouldn't buy new just curious what cars you browse
I'm spending $70k+ on a new Honda pilot. I already have buyer's remorse. It looks like an Astrovan on the inside. I'm in Canada.
Ouchhhh
If they sell the ev bolt for 28k I find it hard for them to sell an ev suv for 23k. Most people don't even know the difference between a crossover and a suv.
The electric car rebate isn't a refundable tax credit, and a good portion of people won't get anything for the rebate.
ok still 30k with no rebate lol
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https://www.cnn.com/2022/09/08/business/chevrolet-equinox-ev
Don't give a news story. Give a sticker price at the dealership.
Ok will do when its released lmao, sounds like you got finessed by a cars salesman dude
Once before by a few thousand more than what I should have paid. Which might be a little better than you because I doubt you have ever bought a new car.
You're right I don't like wasting 30-50% value just driving out of a lot.
So you buy used cars?
Yes sir, maybe you should watch this guy https://www.youtube.com/watch?v=pjFSxdRKhMo&ab_channel=ScottyKilmer
Before you get finessed again.... You could of wasted that money on meme stocks or something cool
I seen some of his videos.
I bought a new chevy Cruze in 2016 for $14,500 out the door. Now that car is worth around $8,000 and a little over a hundred thousand miles on it. Was it better for me to buy that car new or used? Don't get me talking about my 2014 truck I bought new, I could sell it for more than what I bought it for.
A lot of the time it's better to buy a new vehicle at the right price.
Doesnt this just further reinforce the point of AutoZone? Buying used to conserve money means youre the exact market AZO is targetting.
Bro ebay is cheaper same with amazon
Yeah and how have thise two done this year?
All I'm saying is. I get cheaper car parts from ebay...
Most shops buy from them retail business is only part of it. Shops get delivery on same day and can fix most cars same day with parts availability. The only reasons for bad would be supply chain related but even dealers still have stuff on national backorder for years so idk.
And i can go down the street and get an alternator today. What if they started price matching, what then huh?!?
And I'm sure you can get cheaper home renovation material on Amazon but you drive down to Lowes or Home Depot every time
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