COVID-19

[IrishLion]

GM & now Chrysler have announced 0% financing for 84 months w/ no payments for first 90 days. That’s what a buddy of mine who is a GM at a dealership told me.

Good enough credit and you get deferred payments for an extra 30 days beyond that.

Ford is doing 90 days deferred payments, as well, I believe.

I'm not in sales, thankfully. The dealerships in our group have all been slow this year, and it's now beyond slow. Our parent store had one (1) person in to look at vehicles last Friday.

Moving forward, I'll be surprised if anyone will be interested in buying new/used vehicles while all of this is going on, even with good financing options.

 

[Irish2155]

Honda just announced they are suspending manufacturing at all North American plants. We are the main supplier to the Honda plant in Indiana. We also have several large customers that do aero maintenance for a number of carriers. We'll probably be laying off some workers here shortly.

This is NOT good. I'm hearing my Cummins manufacturing sites are soon to shut down too. Everyone is working from home except for the shop floor manufacturing folks and luckily for me that's a good chunk of my revenue stream. But I think by the end of the week they'll be sent home too.

This virus from a business standpoint was good for me at the beginning as Cummins was moving most of their manufacturing out of China and back to the US as fast as they could. I'm just hoping now that they find a way to keep our folks working in a safe environment.

 

[zelezo vlk]

Good enough credit and you get deferred payments for an extra 30 days beyond that.

Ford is doing 90 days deferred payments, as well, I believe.

I'm not in sales, thankfully. The dealerships in our group have all been slow this year, and it's now beyond slow. Our parent store had one (1) person in to look at vehicles last Friday.

Moving forward, I'll be surprised if anyone will be interested in buying new/used vehicles while all of this is going on, even with good financing options.

I've actually been considering it

 

[IrishLion]

I've actually been considering it

Well fuck me, right

 

[ThePiombino]

GM & now Chrysler have announced 0% financing for 84 months w/ no payments for first 90 days. That’s what a buddy of mine who is a GM at a dealership told me.

Good enough credit and you get deferred payments for an extra 30 days beyond that.

Ford is doing 90 days deferred payments, as well, I believe.

I'm not in sales, thankfully. The dealerships in our group have all been slow this year, and it's now beyond slow. Our parent store had one (1) person in to look at vehicles last Friday.

Moving forward, I'll be surprised if anyone will be interested in buying new/used vehicles while all of this is going on, even with good financing options.

I've actually been considering it

Well fuck me, right

I wasn't in the market for a new vehicle until I saw this deal. Now I'm considering jumping on it for my wife and I. Only problem is we're stuck in a lease with another mfr until January on my wife's car.

 

[Irish2155]

I've actually been considering it

I just met with my Realtor last week to review options...

 

[Whiskeyjack]

 

[irishff1014]

On top of everything going on Utah just got hit with a 5.7 earthquake. Talking about large scale power outages.

 

[zelezo vlk]

Well fuck me, right

It's really just timing on my part that I might need a new car really soon and have the ability to work remote until this whole thing blows over. Or until my company goes under.

 

[IrishLion]

It's really just timing on my part that I might need a new car really soon and have the ability to work remote until this whole thing blows over. Or until my company goes under.

Yeah, I guess I'm underestimating the situation that so many people are capable of working from home and still collecting a paycheck right now.

It's a good time to buy if you aren't totally shut down.

Thankfully it looks like I'll keep working, and my wife can work remotely, so we're good right now.

Our kids' daycare is shutting down for the month (at least), and they asked if parents that are still able to work would be willing to continue to pay the full tuition rates. It will help keep the teachers and other staff afloat while they're out of work, so we went for it.

Parents that aren't working, or that will have to pay for childcare elsewhere during the shutdown, don't have to pay anything.

It's a good give-and-take going on in the community right now.

 

[Irish2155]

pics bro.

We met at the library in the Clifford the Big Red Dog section. Love was instant and things are still great. My cute nickname for her is Tig-OH.

Crusader had me worried for a minute....I'm happy we got this all worked out.

 

[Irish#1]

Whew, rough time to join the automotive industry, huh.


(I just took a job in the automotive industry.)

This is NOT good. I'm hearing my Cummins manufacturing sites are soon to shut down too. Everyone is working from home except for the shop floor manufacturing folks and luckily for me that's a good chunk of my revenue stream. But I think by the end of the week they'll be sent home too.

This virus from a business standpoint was good for me at the beginning as Cummins was moving most of their manufacturing out of China and back to the US as fast as they could. I'm just hoping now that they find a way to keep our folks working in a safe environment.

Update........Closing for one week, so hopefully the impact is minimal.

 

[zelezo vlk]

Yeah, I guess I'm underestimating the situation that so many people are capable of working from home and still collecting a paycheck right now.

It's a good time to buy if you aren't totally shut down.

Thankfully it looks like I'll keep working, and my wife can work remotely, so we're good right now.

Our kids' daycare is shutting down for the month (at least), and they asked if parents that are still able to work would be willing to continue to pay the full tuition rates. It will help keep the teachers and other staff afloat while they're out of work, so we went for it.

Parents that aren't working, or that will have to pay for childcare elsewhere during the shutdown, don't have to pay anything.

It's a good give-and-take going on in the community right now.

A surprising amount of office jobs can be worked remote, it's just corporate inertia that's kept them in an office. I'm glad to hear that you'll be able to keep working!

 

[NDdomer2]

Well alright. I'm with Whiskey, I completely expect Trump to ramp up efforts and restrictions.

I agree as well. I know for a fact the indiana national guard has been activated:

https://www.wthr.com/article/governor-holcomb-activates-indiana-national-guard-help-covid-19-response

 

[NDdomer2]

wondering where the math for this is from.

google says Indiana population is 6.85m, so 20.07 cases. However, there were 39 confirmed cases as of yesterday.

https://wpta21.com/2020/03/18/indiana-positive-covid-19-cases-jumps-to-39/

The health system I work for has 1 confirmed case, 1 case that was discharged, and 47 cases under investigation. We are told it takes on average 7 days for results to come back. If that's the case nationwide big spikes shoudl be happening end of this week early next week.

 

[nlroma1o]

I just met with my Realtor last week to review options...

I just bought my first house back in October. I got a great deal on it considering the market. Now I wonder what the value of it will be after this fall out.

 

[Jimmy3Putt]

I run a pallet manufacturing and distributing company. we’ve been slammed with work. It feels like the holiday season. I’ve been telling my workers that we might be considered ‘vital’ since we have so many food, hospital supply, and hardware customers. Everyone needs pallets to move anything.

 

[ThePiombino]

A surprising amount of office jobs can be worked remote, it's just corporate inertia that's kept them in an office. I'm glad to hear that you'll be able to keep working!

Hoping this opens some eyes in corporate in that regard.

 

[nlroma1o]

Hoping this opens some eyes in corporate in that regard.

My previous job could have been done entirely from home.

Current job, not so much.

 

[ThePiombino]

My previous job could have been done entirely from home.

Current job, not so much.

I'm lucky to wfh about 95% of the time. There is a hands-on element to my job, but for the most part it can be done behind a laptop and VPN. That said, my "progressive" company still struggles with the concept, so I'm asked to come in at least twice a week for no other reason than to have an "office presence". Wanna guess which two days a week are my least productive?

 

[Polish Leppy 22]

I run a pallet manufacturing and distributing company. we’ve been slammed with work. It feels like the holiday season. I’ve been telling my workers that we might be considered ‘vital’ since we have so many food, hospital supply, and hardware customers. Everyone needs pallets to move anything.

I spent 8 years in logistics/ supply chain and feel your pain. Grocery warehouses/ suppliers are getting crushed right now. March or April might turn into National Truck Driver Appreciation Month. Almost everything we buy gets there on a truck.

 

[Whiskeyjack]

Read this thread:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">We can now read the Imperial College report on COVID-19 that led to the extreme measures we've seen in the US this week. Read it; it's terrifying. I'll offer a summary in this thread; please correct me if I've gotten it wrong.<a href="https://t.co/AwE2cHIbeJ">https://t.co/AwE2cHIbeJ</a></p>— Jeremy C. Young (@jeremycyoung) <a href="https://twitter.com/jeremycyoung/status/1239975682643357696?ref_src=twsrc%5Etfw">March 17, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Very helpful in explaining why all these seemingly extreme measures have kicked in recently. The part that most surprised me was this:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">But here's the catch: if we EVER relax suppression before a vaccine is administered to the entire population, COVID-19 comes right back and kills millions of Americans in a few months, the same as before.</p>— Jeremy C. Young (@jeremycyoung) <a href="https://twitter.com/jeremycyoung/status/1239979813147820033?ref_src=twsrc%5Etfw">March 17, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Makes sense, but if true, that means we won't be getting "back to normal" any time soon.

 

[Irish2155]

Update........Closing for one week, so hopefully the impact is minimal.

I'm good regardless but worry about the thousands of folks that rely on our paycheck every week. No hours = No money

 

[wizards8507]

We having fun yet?

 

[Irish2155]

I just bought my first house back in October. I got a great deal on it considering the market. Now I wonder what the value of it will be after this fall out.

Real estate has been very good to me if that helps. A lot of luck I'll admit but some strategic planning and work involved too.

Buy low, sell high. Sounds easy, right...

 

[Wild Bill]

Read this thread:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">We can now read the Imperial College report on COVID-19 that led to the extreme measures we've seen in the US this week. Read it; it's terrifying. I'll offer a summary in this thread; please correct me if I've gotten it wrong.<a href="https://t.co/AwE2cHIbeJ">https://t.co/AwE2cHIbeJ</a></p>— Jeremy C. Young (@jeremycyoung) <a href="https://twitter.com/jeremycyoung/status/1239975682643357696?ref_src=twsrc%5Etfw">March 17, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Very helpful in explaining why all these seemingly extreme measures have kicked in recently. The part that most surprised me was this:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">But here's the catch: if we EVER relax suppression before a vaccine is administered to the entire population, COVID-19 comes right back and kills millions of Americans in a few months, the same as before.</p>— Jeremy C. Young (@jeremycyoung) <a href="https://twitter.com/jeremycyoung/status/1239979813147820033?ref_src=twsrc%5Etfw">March 17, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Makes sense, but if true, that means we won't be getting "back to normal" any time soon.

I can't even wrap my mind around what could/would happen if this goes on for the next 18 months.

 

[nlroma1o]

Real estate has been very good to me if that helps. A lot of luck I'll admit but some strategic planning and work involved too.

Buy low, sell high. Sounds easy, right...

I have zero intention of selling anytime soon, but if I lose 10% value overnight because this virus sets us back into a "definitive" recession... its going to piss me off.

 

[NDBoiler]

Read this thread:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">We can now read the Imperial College report on COVID-19 that led to the extreme measures we've seen in the US this week. Read it; it's terrifying. I'll offer a summary in this thread; please correct me if I've gotten it wrong.<a href="https://t.co/AwE2cHIbeJ">https://t.co/AwE2cHIbeJ</a></p>— Jeremy C. Young (@jeremycyoung) <a href="https://twitter.com/jeremycyoung/status/1239975682643357696?ref_src=twsrc%5Etfw">March 17, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Very helpful in explaining why all these seemingly extreme measures have kicked in recently. The part that most surprised me was this:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">But here's the catch: if we EVER relax suppression before a vaccine is administered to the entire population, COVID-19 comes right back and kills millions of Americans in a few months, the same as before.</p>— Jeremy C. Young (@jeremycyoung) <a href="https://twitter.com/jeremycyoung/status/1239979813147820033?ref_src=twsrc%5Etfw">March 17, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Makes sense, but if true, that means we won't be getting "back to normal" any time soon.

FWIW, the division of our company in China went back to work this week. They had been out since January. They seem to be a little ahead of where the rest of the world is at since they dealt with it first, but hopefully everyone else can follow a similar pattern. I’d like to think they were comfortable enough with the situation to do this without a vaccine, so maybe that can be replicated.

 

[ACamp1900]

Read this thread:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">We can now read the Imperial College report on COVID-19 that led to the extreme measures we've seen in the US this week. Read it; it's terrifying. I'll offer a summary in this thread; please correct me if I've gotten it wrong.<a href="https://t.co/AwE2cHIbeJ">https://t.co/AwE2cHIbeJ</a></p>— Jeremy C. Young (@jeremycyoung) <a href="https://twitter.com/jeremycyoung/status/1239975682643357696?ref_src=twsrc%5Etfw">March 17, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Very helpful in explaining why all these seemingly extreme measures have kicked in recently. The part that most surprised me was this:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">But here's the catch: if we EVER relax suppression before a vaccine is administered to the entire population, COVID-19 comes right back and kills millions of Americans in a few months, the same as before.</p>— Jeremy C. Young (@jeremycyoung) <a href="https://twitter.com/jeremycyoung/status/1239979813147820033?ref_src=twsrc%5Etfw">March 17, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Makes sense, but if true, that means we won't be getting "back to normal" any time soon.

I made this point early on and was kind of laughed off,... hope it’s not true tho

 

[Irish2155]

I have zero intention of selling anytime soon, but if I lose 10% value overnight because this virus sets us back into a "definitive" recession... its going to piss me off.

I have every intention of selling when the deal is right...the spread on my property is easily 6 figures, woo hoo me!!

Problem right now is finding property to buy. He's working and we'll see what happens. Worst case is I stay put which is not a bad place to be.