Seems most Americans don’t care about the bailouts — that’s too stratospheric for them to see.
Idiots.
Too bad most of these autos they are going to buy will be older used models they can afford...
That’s because you can only drive an old Ford Festiva with stick shift for so long before it gives out. Thanks Obama, for the high gas prices!
No way I believe this.
Bet they do NOT!
We have another thing coming and buying a new car will not fit into their plans to survive.
Who are these people kidding?That would be the day I would buy a new vehicle of any type.
As far as I’m concerned NOW is Not the time to buy anything that expensive espechially on credit.
My vehicle is 7 years old and it’s going to have too last a while longer.
half of them also think sosh security is a good return on ‘investment’ ,the Easter Bunny is real,and
they’re going to win the lottery soon.
Real story is 86.8% Of Americans do not Plan To Buy Car Or Truck Soon, and I am one of them.
Let’s see if their plans change after the incipient stock market crash.
Any time now, real soon, any second, probably next week....
No new car for me until I pay off my house(less than 4 yrs now). Here’s hoping my Toyota hangs in there just for several more years.
I’m prepared to buy something, maybe new maybe used, but not planning on it. My ‘99 GM pickup has over 200K on it, anything major breaks I’ll be in the market. I’ve been a loyal GM owner since 1980 when I bought a 1968 impala. My next truck will be either a Ford or a Toyota Tundra unless a real sweet deal on preowned turns up, which thanks to cash for clunkers probably won’t happen.
We may be among them. Our vans are 7 and 14 years old, and the 14 year old one is reaching the end, despite careful maintenance. We’re still mulling it over, but if inflation really picks up, we may be better off buying a big ticket item now rather than waiting a year or two. If we want to finance it, rates are still low. I remember the double digit interest rates from the post-Carter years. I’d rather be receiving those rates than paying them.
I do need a new vehicle (my van is 13 years old and one of the strut towers is beginning to show signs of rot).
I have no intention of supporting Government Motors or anyone else who accepted Obama’s bribes. I suppose that means I’ll be getting a Ford. My eye is currently on the Ford F150.
That is about 15 million people. I HIGHLY doubt that many will be buying a vehicle.
We just bought a new F-150. Hubby wouldn’t even consider GM or Mopar. Replaced an 11 year old Silverado. We were gonna wait a few more years, but I felt that if we did that we would probably be looking at 6 digits.
The battery packs on some of those first hybrids have to be about worn out. Wait until people see what it costs to replace them.
My guess is the "fleet" is getting old, i.e. people are driving cars 150k or more but now some are jsut to old to fix etc.
Not Investment advice but on CNBC the other day "Dougie Kass" noted he is long on Ford and GM, look at this track record predicting things, and what does that tell you.