Why buy a car when you’re either working from home, or unemployed?
Cars last longer than they used to. When I was a kid it was considered good if you got 100,000 miles out of a car. People expect and get at least twice that now.
You want to see a drop in sales. Wait until you can only buy a new car as long as its electric. Used cars with internal combustion engines will be at a premium.
Why was there a movement away from sedans to SUVs?
This is why auto companies are 100% on board with government demands for EV use
Its new technology they control
they will control the supply chain and all parts
EV cars will be high margin, vs. many basic ICE fleet cars, which are no-margin
Government will force you to buy them. For a crony capitalist, what’s better than that?
On the last day of the 2 weeks to flatten the curve, I bought a New Chevy Colorado truck, Sticker was $30K, I gave them $22,500 plus Tax Out the Door, Cash!!
Here in Wa state we have a tax in the metro area to fund rapid transit.
They take you on vehicle price and weight. If you buy a $50,000 car, you’re looking at paying $500-700 per year for tabs. That is every year with a declining tax on the value set by...the people taxing you.... It’s so punitive that I’ve decided I’m not buying any new cars anymore, will buy a decent used car instead, fix up to my liking.
Dealers are not dealing. Everything is MSRP or higher. Inventory is at all time lows too.
The cars are made much better now, so fewer people need to trade in their perfectly functioning car already paid for and take on new car loan payments.
For example we own a Chevy HHR-2011. It has 60,000 miles on it and is 10 years old. Not a single issue with it so far. Even the original battery works fine. The car starts at the flick of ignition key, runs smooth and quiet (original muffler as well). There is not a speck of rust visible. The only items we replaced so far are tires and wind shield wipers. Why should we trade it in?
Funny. A Ford dealer didn’t even want to talk to me about leasing a truck. “Our customers buy them”.
Yep. EVs will crush the auto market. Tesla is innovative but over engineered. The downside to EVs is range. For those who drive long distance,400 miles or more on trips are disadvantaged by having to plan their trips around charging stations. They take up to 30 minutes to go just 150 miles and there is no gas can available to get down the road.
I believe in an a couple of years, technology will put battery life at 750+ miles per charge. The end of internal combustion engine is near.
Ride sharing is killing car sales. A car used for ride sharing is going to get used up with a couple hundred thousand miles in a year or two, whereas the cars that aren’t being bought are those that would have been bought by the little old lady that only drives a few miles, keeping the car for ten or fifteen years. More miles per car means fewer cars per mile.
I’m not surprised. Have you seen their pricing lately?
Besides, there is this thing called “Uber” which allows you to party without putting your life at risk. Uber also comes in handy when you are in your seasoned years as well.
To think this is happening when nearly every Automaker is offering 60 to 72 Month ZERO PERCENT Financing long with Employee Pricing.
We will be a one Car Household soon.