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Pop Goes The Car Bubble . . . And It May Not Be a Bad Thing
Eric Peters Autos ^ | 09 June 2017 | Eric

Posted on 06/11/2017 10:11:26 AM PDT by Lorianne

click here to read article


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To: stationkeeper

I have a 2000 Yukon 2500hd and I will keep it till I die.


41 posted on 06/11/2017 11:31:32 AM PDT by enduserindy (I always smile when my competition doubles down on stupid.)
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To: Lorianne

I would like a Mustang/Challenger/Camaro with a lot of H/P,
a six speed, radio, heater and the rear end and suspension goodies to keep it going straight and fast. But that ain’t gonna happen any time soon.
I guess i’ll have to keep my 03 Mach1 Mustang even though it has more crap than I need.


42 posted on 06/11/2017 11:33:13 AM PDT by certrtwngnut (Hey snowflake. You want a safe place go to a gun range.)
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To: DIRTYSECRET
I’d like to buy a cargo van. Too expensive.

Earlier this year, I bought a clean 2012 Ford E-250 with 100,000 miles on the clock for $16,000. The term of the loan is three years at about $400 a month.

I bought it from Century Trucks in Grand Prairie, Texas. They tell me they have customers coming in from all over the country.

43 posted on 06/11/2017 11:39:45 AM PDT by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: DIRTYSECRET

Go back to 1980 standards.


44 posted on 06/11/2017 11:40:36 AM PDT by Dogbert41 (Jerusalem is the city of The Great King!)
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To: BipolarBob

+ cost of metal


45 posted on 06/11/2017 11:44:00 AM PDT by aMorePerfectUnion
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To: chrisser
Even the used truck market is ridiculous.

Tell me about it. I've been offered as much as $5,000 for my 200,000 mile, 1998 Silverado extended cab pickup. Unbelievable.

46 posted on 06/11/2017 11:44:17 AM PDT by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: Lorianne

The reason that the car market will crater is that many millennials don’t care to own cars. This is partly because they can’t afford to, and partly because with Uber they don’t have to. People’s need for transportation will soon be satisfied by many few cars.


47 posted on 06/11/2017 11:50:00 AM PDT by AZLiberty (A is now A once again.)
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To: Lorianne

The reason that the car market will crater is that many millennials don’t care to own cars. This is partly because they can’t afford to, and partly because with Uber they don’t have to. People’s need for transportation will soon be satisfied by many few cars.


48 posted on 06/11/2017 11:50:00 AM PDT by AZLiberty (A is now A once again.)
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To: AZLiberty

... many fewer ...


49 posted on 06/11/2017 11:50:40 AM PDT by AZLiberty (A is now A once again.)
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To: DaveA37

It costs more because our money has lost 60% of its value in the last 50 years. In 1967, we bought a new 2000 sq ft home on 2 acres in Beaumont, TX for $15,000. Our new Chrysler New Yorker sedan cost $4,000. Anyone who has lived in this country more than 40 years knows that our government has robbed us of 70% of our dollars’ value. The crooked politicians stole our money to build massive fortunes for themselves and their cronies & to buy the votes of the poor and the stupid. And what have we gotten for that massive transfer of wealth from US families to the greedy government? It still wasn’t enough, so they borrowed $20 TRILLION that generations yet unborn will have no way to pay back. The past three generations of politicians, with few exceptions, should have been jailed.


50 posted on 06/11/2017 11:51:00 AM PDT by txrefugee
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To: aMorePerfectUnion

Less metal every year.


51 posted on 06/11/2017 11:55:25 AM PDT by BipolarBob (Operation Covfefe is now in effect.)
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To: virgil
I can remember when you could get a fairly nice house for $40k to $60k.

I paid $49,500 for a 2700square foot house in 1979!

52 posted on 06/11/2017 11:55:53 AM PDT by painter ( Isaiah: �Woe to those who call evil good and good evil,")
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To: Dogbert41

First car after getting married was a 1974 Plymouth Duster three speed with no cigarette lighter that was priced at $2,499. That (plus tax and some other small dealership charges) is what we paid for it. Sure wish we still had that car.


53 posted on 06/11/2017 11:56:42 AM PDT by tenthirteen
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To: discostu

I can beat your Sentra deal. I bought a mercury Sable from a buddy who was transferring overseas. Paid $1500. I drove it 2-3 years, my daughter drove it 2-3. My son had it about a year when he got rear ended by an inattentive young driver. The kid’s dad paid us $4000 for the car.


54 posted on 06/11/2017 11:57:03 AM PDT by cyclotic
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To: Lorianne

I’ve heard that many millenials are not really very interested in the idea of owning your own home or a new vehicle. I guess if you’re still living in mom’s basement because you can’t get a decent job with your art history degree and still paying off student loans that might be the case.


55 posted on 06/11/2017 11:57:53 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Lorianne
What a wonderful article! He opens with the overview that phony emissions regs raise the price of cars more than the middle class can afford. Then explains how the marketplace adjusts via 7-year loans which by the end are for a car that is only worth 50% of the loan. Then says this adjustment will cause a car market bubble to burst. And then he ends with the only solution to the whole damn thing: let honest scientists determine air quality vs. auto emissions, i.e., roll back the junk science and decouple the industry from Big Brother, the source of this fiasco!
56 posted on 06/11/2017 12:07:49 PM PDT by The Westerner (Protect the most vulnerable: get the government out of medicine and education!)
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To: RightField

Have a 14 yo car with bright daytime lights. Never heard these lights can be turned off. Too much trouble at this point in time, but good to know.

And those bright nighttime lights of some cars are blinding! Who thought that was a good idea?


57 posted on 06/11/2017 12:12:47 PM PDT by The Westerner (Protect the most vulnerable: get the government out of medicine and education!)
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To: Lorianne

Bookmark


58 posted on 06/11/2017 12:17:12 PM PDT by Southside_Chicago_Republican (If liberty means anything at all, it means the right to tell people what they do not want to hear.)
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To: cyclotic

Nice.


59 posted on 06/11/2017 12:23:25 PM PDT by discostu (You are what you is, and that's all it is, you ain't what you're not, so see what you got.)
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To: BipolarBob

Good list, but you left out a biggie: customers willing to buy at that price point. Until people stop shelling out big bucks for vehicular crap sandwiches, auto manufacturers will keep peddling vehicular crap sandwiches.


60 posted on 06/11/2017 12:24:04 PM PDT by mewzilla (Was Obama surveilling John Roberts? Might explain a lot.)
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