google unsold cars and hit the image button, there are MILLIONS of them... most prolly waiting to goto the shredder
Posted on 06/02/2019 7:35:37 AM PDT by TexasKamaAina
For the auto business, "The pain is just beginning," according to Nomura analyst Masataka Kunugimoto and his team. "We now expect global auto demand to be down 3%," year on year, in 2019, he told clients recently.
He is not alone. At bank after bank, analysts are coming round to the idea that the world may have passed "peak car," and that in the future humans will need fewer personal vehicles.
(Excerpt) Read more at businessinsider.com ...
The xts was 65k when new
If only auto manufacturers had the foresight to build in planned obsolescence.
Manufacturers can take some of the blame for making cars ridiculously expensive to repair. You have to completely remove the body from some trucks for even simple repairs. Cars are getting just as bad. some cars require the removal of the engine to replace a water pump. Don’t even get me started on sensors. They have a sensor for everything and half the time the only thing the sensor warns you about is that the sensor isn’t working right, then it costs a bunch of money to get the stupid warning light to go out. I’d rather just check my own tire pressure, thank you very much. Cars have become a huge pain in the butt. My next car will be an older one.
I have two Corvettes a 92 and 2009 by Grandson has never taken an interest in either one. When I was going up in Dearborn my 57 Chevy was almost as good as sex, almost.
My price on the truck was about 10 percent of what a new F150 would cost and I doubt the 2020 F150 would have the same longevity/reliability.
New pickups average 50K. My 10 year old one is going to have to last several more years
Heh! My dad had the solution to that back in 1962. He bought a "sort of running" Nash Metropolitan for $300. He gave me that and a basic set of Craftsman tools and said "when you have repaired it to my satisfaction, you can drive it (the Old Man was a TOP mechanic... if it was mechanical, he could fix it)".
Greatest compliment I ever had from him..."I never thought you'd be such a good mechanic." (my interests 'til then had been VERY "bookish").
And I still have most of those tools.
google unsold cars and hit the image button, there are MILLIONS of them... most prolly waiting to goto the shredder
Without the logo, it's starting to get difficult to tell one car from the next. They are all morphing into the same car. There is no character to them. Pretty much the cars of a similar size look like they had parts made from the same factory, regardless of brand.
Big deal.
A production loss in a communist country doesn't necessarily reflect on trends in the free world.
For example, Auto production in the US, Japan and India was up.
The birth rate is dropping in developed world. Fewer young people to drive cars. Senior citizens will need less cars since they live in retirement communities.
f-150 loaded is 70 grand.
I currently have three cars (more or less). A 1937 Chevy truck, a 1969 Mustang fastback, and a Dodge Durango grocery-getter.
The first two are easy to work on and straight-forward. The Durango throws error messages from time to time and the electronics have stranded me more than once.
Eventually the Durango will exhaust its usefulness and at that point I’ll get rid of it. The other two will remain with me until I quit driving.
I don't buy a new vehicle to show off, I buy new to get the latest technology. My next purchase will be a 2020 or 2021 GMC Sierra 1500, which finally will have adaptive cruise control. I'm also upgrading to get the 6.2L engine and Max Tow package so I can get the bigger travel trailer my wife wants.
You can buy a GREAT used car with low mileage AND very low price from car rental agencies they are also maintained on a regular basis cars in CA. last forever because we have mild weather conditions, no salt on the roads ect.!!!
100 years ago people worried that auto industry growth would be stunted by the lack of chauffeurs. Soon everyone will have one as vehicles learn to drive themselves. Robo-taxi services will be far cheaper, safer, and more practical for most routine transit needs, especially in urban and suburban areas.
Owning and driving a personal vehicle will eventually be a specialty market like owning and riding horses are today.
The warranty on the rental agency vehicles was just the manufacturers warranty minus the mileage/time on the vehicle.
Amazing since so many of the kids in the military come from the South. I guess these are city kids?
It took me a long time to realize the significant differences between people who grew up in the country vs. the city. By country I mean small town areas on small or large farms with chores, tractors, hay, broken equipment and no money to replace it but only your wits to fix it and keep working.
both of our vehicles are well over 10 years old with more than 100,000 miles and still going strong. That was unheard of before the 80s.
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