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Toyota Exec Thinks Average New Car Prices Will Top $50K This Year: Report
https://www.motor1.com ^ | Mar 27, 2023 | By: Jacob Oliva

Posted on 04/03/2023 8:25:05 PM PDT by RomanSoldier19

The average brand-new car prices in the US are expected to rise above $50,000 this year, and executives at Toyota's North American operations anticipate that this trend will continue, Automotive News reports.

This increase in prices is likely to occur despite the recovery of the supply chain, and it is expected that demand will outstrip supply again this year. Furthermore, the report suggests that there are 6 million potential new-vehicle buyers sidelined by inventory and pricing.

Jack Hollis, head of sales for Toyota Motor North America, has given an update on the automaker's business, indicating that 2023 is expected to see Toyota and Lexus pick up another 100,000 sales above the 2.1 million they sold in the US last year.

(Excerpt) Read more at motor1.com ...


TOPICS: News/Current Events
KEYWORDS: automotive; dogs; toyota
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1 posted on 04/03/2023 8:25:05 PM PDT by RomanSoldier19
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To: RomanSoldier19

1980 V-8 mustang, $5500 brand new back in the day
Ford Bronco V-8 $8800 or so


2 posted on 04/03/2023 8:30:59 PM PDT by Bob434 (question )
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To: RomanSoldier19

Seems like a Good Thing that my 2018 & 2020 purchases of perhaps my last [driving life] cars [same brand, engine, xmission, drive-line, body style] to be added to the fleet summed to under $50k.

Sayonara, baby.


3 posted on 04/03/2023 8:38:46 PM PDT by Paladin2
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To: RomanSoldier19

Our kid purchased a new vehicle in late 2020 for about $28K plus taxes and fees. That same vehicle model, with a smaller & less powerful engine for the 2023 model year, now sells for about $42K MSRP. Good timing. The vehicle was paid off late last year (two years of payments - early payoff).


4 posted on 04/03/2023 8:43:49 PM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: Paladin2

My wife bought a new Camry in 2019, $23,000.


5 posted on 04/03/2023 8:45:53 PM PDT by hardspunned (Former DC GOP globalist stooge)
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To: Bob434

In 1978 I bought a brand new Oldsmobile Delta 88 fully loaded for $6200.00


6 posted on 04/03/2023 9:00:38 PM PDT by Dandy (Drain the swamp baby!!!)
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To: RomanSoldier19

The basic function, design and use of an automobile hasn’t changed since the first Model A rolled off the line.

A start-up could make a fortune making a basic car like that.

A necessary step would be to squelch the Fed Interstate Highway Extortion Racket. States could make their own necessary compacts. Who want to drive to California or New York anyway?


7 posted on 04/03/2023 9:02:59 PM PDT by bakeneko
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To: Dandy

Yep- and a lot of the ‘cool cars’ that all the kids in highschool wanted, me included, were around $5000 range too-


8 posted on 04/03/2023 9:03:22 PM PDT by Bob434 (question )
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To: RomanSoldier19
Lezgo Brandon...

USED-CARS
9 posted on 04/03/2023 9:11:02 PM PDT by Nervous Tick (Truth is not hate speech.)
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To: Dandy

In 1967 I bought my first ever new car, a Ford Fairlane, $2,700.

In 2016 I bought my last ever new car, a 2016 Toyota Highlander with life time bumper to bumper warranty for $42,000. It now has just 30,000 miles on it.


10 posted on 04/03/2023 9:12:26 PM PDT by Graybeard58
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To: bakeneko

I will say the California coastal hwy is a very beautiful drive.

So are others but I will not discriminate because of politics.

I crawled out on the edge at Devil’s Slide beyond the barriers and captured one hell of a picture.


11 posted on 04/03/2023 9:13:09 PM PDT by eyedigress (Trump is my President!)
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To: RomanSoldier19

Guessing that many young people with 800-1000 car payments will default and many cars will flood the market used and at better prices...


12 posted on 04/03/2023 9:17:55 PM PDT by aMorePerfectUnion (Fraud vitiates everything)
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To: Bob434

$20K in today’s dollars. Mustangs are over $32K today (basic model).


13 posted on 04/03/2023 9:40:53 PM PDT by Right Brother
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To: RomanSoldier19

Last vehicle I purchased was a 2016 Nissan Acura, gently used, for my son. Total $8K cash. Been running beautifully for 2 years.

I never buy new. I do not finance; cash only. I let someone else pay for the depreciation and my mechanic husband gives it a thorough evaluation before purchasing.

Cars are for conveyance. Everything else is ego.


14 posted on 04/03/2023 9:48:37 PM PDT by TheWriterTX (Trust not in earthly princes....!)
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To: Bob434

we will never have a new vehicle again in our lives...we aren’t on rich govt pensions and we need to watch what we do...


15 posted on 04/03/2023 9:53:39 PM PDT by cherry
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To: hardspunned
the last new vehicle was the one we just got rear ended in...a Rav4...which we hoped would see us thru 10 yrs, but I think they are going to total it....

sadly whatever they "give" us will never replace what we lost.....

we've had a new Jeep and a new Plymouth voyager...the year of course where the transmissions were bad and before we sold the dang thing we put 3 new transmission in plus an engine and within two weeks of us selling it the transmission failed again....

16 posted on 04/03/2023 9:57:01 PM PDT by cherry
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To: cherry
...sadly whatever they "give" us will never replace what we lost.....

They want you to believe it ends there.

Insurance or not, you have the right to sue the other party in civil court to make you whole, and that includes the difference between what they 'offer', your expenses and additional costs to get you back in a similar vehicle.

The system is designed for speedy settlement and minimal expense to the insurance company (for obvious reasons), further victimizing you due to the actions of the responsible party.

17 posted on 04/03/2023 10:16:31 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: TheWriterTX
Cars are for conveyance. Everything else is ego.

My sentiments exactly....

18 posted on 04/03/2023 10:31:36 PM PDT by Bobalu (There was always going to be a reckoning....... and here it is.)
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To: RomanSoldier19

I was looking at newer trucks recently. I ended up buying a junker for parts and am learning how to rebuild the blown tranny in the junker. I was looking forward to a new Tacoma, but not gonna spend $50,000 for pickup.


19 posted on 04/03/2023 10:51:37 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: eyedigress

Purpose of an automobile is not to take pictures; or anybody’s ‘experience’.


20 posted on 04/03/2023 11:03:47 PM PDT by bakeneko
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