This economy may be working great for Donald Trump and his wealthy friends — but it's not working for the rest of America.
It's time we change that.— Joe Biden (@JoeBiden) September 8, 2020
Posted on 09/01/2021 4:07:15 PM PDT by conservative98
(Detroit Free Press/TNS) - Sky-high transaction prices and near nonexistent discounts for new and used cars — due to scarce vehicle stock — will be the new normal for the next couple of years.
That’s even after the shortage of semiconductor chips abates, which is expected to start later this year and take all of next year as a recovery period, industry experts say.
“We may never see normal in the near future or we’ve redefined normal,” said Jeff Schuster, LMC Automotive’s president of Americas Operations and Global Vehicle Forecasts.
(Excerpt) Read more at hamodia.com ...
This economy may be working great for Donald Trump and his wealthy friends — but it's not working for the rest of America.
It's time we change that.— Joe Biden (@JoeBiden) September 8, 2020
There’s no point in buying another vehicle when there’s no more gas to put in it.
My 2005 Jeep Wrangler Unlimited is going for the same price as I paid for it new when I drove it off the lot 16 years ago.
Guess I’ll be driving my POS for the next 2 years
2 years ago things were booming.
This was an attack.
Our only kid, now 27, bought their first new vehicle last November. Mind you, it was for a 2020 model (even at that time, not many 2021s in). Got nearly $10K off sticker for a $38K vehicle), along with getting top dollar for the trade-in (pretty close to what selling it outright would have netted). Damn good timing.
Gasoline here. I filled up yesterday.
Somebody supported these stupid Democrat sons of bitches.
Got to love the LJ.
I have had my 2004 Unlimited for 17 years.
Not sure where you live, but if you drive it to Colorado they will chase you down. They all want the LJs in Colorado.
I’ve been buying cheap cars and fixing them up for my grandkids. Unfortunately the $3000 cars are now $4500 and not many to be found.
The local trash company told me they can’t keep all their fleet on the road because of scarce repair parts.
“The average transaction price for a new car was $42,832”
“Used +27k”
“...wheat for a danarius”?
Revelation.
🚷
Correct.
Driving used cars was more fun when they were $300 or so, in the 70’s.
Revelation 6:6, NIV: “Then I heard what sounded like a voice among the four living creatures, saying, ‘Two pounds of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!’”
Revelation 6:6, ESV: “And I heard what seemed to be a voice in the midst of the four living creatures, saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius, and do not harm the oil and wine!””
This is the sort of things people were saying all through Obama's time in office. Then Trump came along and suddenly a lot of impossible things became possible. But the uniparty couldnt have an able, effective, and most importantly, INDPENDENT leader so they turned the USA upside down just to get rid of him. And the payoff? Back to "Life is going to suck in the USA and there's nothing that can be done about it."
Maybe at least it woke up some peopl that it doesn't have to be that way.
Good post.
I bought my new Silverado 1500 just before Covid hit, so I won’t be looking for a new one for years. My wife bought her new Subaru Outback in 2018, so she’s also set. I don’t see the need for any major purchases for quite some time.
>>Consumers Will Pay High Prices for New and Used Cars for Next 2 Years
This consumer won’t be - there is nothing I like buying less than new cars. Hate having to take a shower after visiting any car dealer to wash off the slime and filth.
>>“The average transaction price for a new car was $42,832”
That is just plain insane that that is the ‘average’.
My truck I bought new in 2013 for about 32K would cost me just about double now.
I’ll make this one last another 10-12 years if I can.
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