Why does data show Foothill Ranch prices up 20% (vs. 2007)

NEW -> Contingent Buyer Assistance Program
when the (anti-jewish/nazi/rightwingbat) fletcher mercedes on jamboree closes, that's when you know to worry.



frankly, given how hard south county has been hit, i'm surprised that more stores aren't closing up down there.
 
[quote author="no_vaseline" date=1211312535]I don't know if this is of any concern, but the Nissan dealership in RSM closed Friday, right on the heels of the Dodge/Jeep dealer in Foothill Ranch closing about a month ago, right behind the Pontiac/GMC/Buick dealership in Foothill Ranch about four months ago. A short 24 months ago the Dodge/Jeep dealer was #1 in the region with a bullet.</blockquote>


Your "they were #1" comment is especially interesting given the fact that Foothill Ranch is a bit isolated up there in the hills, but yet, they were #1.



Speaking of which, I never really thought about car dealerships as a data point, but when you think about it, it is pretty interesting. Especially given the fact that car dealerships use up a huge amount of land (for parking cars on the lot). After all, what is more American than apple pie and cars?



And to be honest, I'm always amazed at how many cars they keep on the lot. All sorts of models, all sorts of trim packages, all sorts of colors. I'm far from an expert, but it would seem to me that logic would dictate that the automotive industry reduce product variability. If you look at Acura, most of their cars come with few options. In the case of the TSX, the only option is the GPS system. Other than that, all the cars are 100% identical. This way you can keep a much smaller number of cars on the lot. And if you need to trade with another dealer for the color you want, they'd be getting an even trade. Not to mention the fact that it reduces manufacturing variability, spare parts costs, training, and all that jazz. But I digress. :)



Obviously the general state of the economy and high gas prices has people buying smaller cars and keeping their cars longer. I think the breakdown is "need a new car" versus "want a new car", which is a huge difference.



I also saw that the "Foothill Ranch Auto Center" has now been relabeled "The Village" or something like that. In lieu of car dealerships, there is now doctor's offices and restaurants. I even noticed that there is a California Fish Grill going in soon (http://www.cafishgrill.com) which is a great place to eat (there is one in Irvine also). If I move up that way, I'd rather have restaurants than car dealerships. :)
 
[quote author="code7700" date=1211673493]And to be honest, I'm always amazed at how many cars they keep on the lot. All sorts of models, all sorts of trim packages, all sorts of colors. I'm far from an expert, but it would seem to me that logic would dictate that the automotive industry reduce product variability. If you look at Acura, most of their cars come with few options. In the case of the TSX, the only option is the GPS system. Other than that, all the cars are 100% identical. This way you can keep a much smaller number of cars on the lot. And if you need to trade with another dealer for the color you want, they'd be getting an even trade. Not to mention the fact that it reduces manufacturing variability, spare parts costs, training, and all that jazz. </blockquote>


Back to the basics:



"Any customer can have a car painted any colour that he wants so long as it is black. " - <a href="http://en.wikiquote.org/wiki/Henry_Ford">Henry Ford</a>
 
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