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 $50,000 this year, and executives at Toyota's North American operations anticipate that this trend will continue, Automotive News reports.
This increase in prices is likely to occur despite the recovery of the supply chain, and it is expected that demand will outstrip supply again this year. Furthermore, the report suggests that there are 6 million potential new-vehicle buyers sidelined by inventory and pricing.
Jack Hollis, head of sales for Toyota Motor North America, has given an update on the automaker's business, indicating that 2023 is expected to see Toyota and Lexus pick up another 100,000 sales above the 2.1 million they sold in the US last year.
(Excerpt) Read more at motor1.com ...
They are pricing the peons out of the automobile market all together. Within five years, cars will once again be considered a luxury item reserved only for the very rich and famous.
No, that’s not true. There are companies like that in other parts of the world that can’t sell in the United States because they don’t meet current safety standards.
Auto companies are digging their own graves by bowing to state and federal mandates. Dealer factory trained mechanics can’t even properly diagnose onboard electronics now. The EVs will be worse. They will price themselves off the market out of business. From what I hear RAM Trucks are the worst in that respect.
I have an old 2003 truck I am fixing up.
I have been offered more than I paid for it 8 years ago.
Watched a car auction over the weekend.
Seems like everything is up 15-20% on average.
70s muscle cars over 100,000$ now.
ECE vehicles are going to become an expensive hobby if our totalitarian government has its way.
nope.
Half the damn price rises are to meet the BS emissions or safety regs in USA. Another part is other frivolous mandated Garbage.
to meet epa standards, they’re using: special low resistance tires, which are generally 500+ per tire
Auto stop start BS. Computer controlled Alternators to reduce engine load. Variable Geometry Turbos in combo with small 4 bangers, usually DOHC, Plus all the plastic they can load on the engine. Multiple Catalytic converters, Which need to meet CA’s BS Carb standards. Aluminum Unibody’s. Ford’s using Direct injections on their ecoboost motors, which has fun crap like High pressure fuel pumps in combo with turbos to stay relevent. Most companies are using advanced coolant systems to assist in minimizing emissions. They’re all moving to 8 speed or 10 speed Automatics to keep Engine in the best band for economy. Apparently Mopar is adding Gasoline Particulate filters to cars now, which I assume functions similar to a Diesel Particulate filter, and I am not sure why they would need one in a gasoline engine setup. DPF is for catching Soot.
Mandated stuff by law.
OBD2, TPMS, Backup Cameras, Daytime running lights(If I am not mistaken) Traction control, ABS, DEF systems for Diesels.
This is only what my sleep deprived brain can remember currently. there are plenty more.
not a single damn thing on this list other then the basic emissions stuff was mandated by law on early 90’s and before cars. My 91 wrangler S 2.5 was 10k out the lot apparently.
It’s all part of the plan to eliminate the automobile for the masses. And it’s working.
Gone are the days where a company could use the same Transmission design for 20-30 years and not have to change much. Or the same engine design for the same lengths. Those assisted in keeping costs down.
Regardless if my 2016 FLHX Street Glide kills me or not...
It’s a natural feature of a fascist government-corporate system in the Industrial Age. Our economy would collapse if people aren’t forced to buy sh!t they don’t need.
Meanwhile, from less than scratch, Elon Musk has created a team that has rethought and redesigned both a car and the totally new production process that is going to destroy the legacy manufacturers....... except possibly Toyota.
Tesla is keeping auto execs and UAW scum awake nights
My 1974 Camaro was about $4,500
I stopped purchasing brand new decades ago, but it's become impossible to find even a used Tundra with less than 100K miles on it for a decent price. New ones are basically the price of a luxury car.
Thank Bill Clinton (and every president since, including a willing Fed) for printing money to fuel their projects and rendering the dollar of little value. I don’t want to say the Baby Boomers destroyed America, so I’m open to hearing anyone else who can defend them.
In 1970 Ford was advertising their Maverick for $1,995. This was a very basic car with a 6 banger and three on the tree, no air, nothing power. It was an upgrade on the Falcon chassis. I paid cash for one and it was a good car for the money.
A comparable basic car today is probably well over 30 grand.
We are buying a new subcompact John Deere tractor for gardening and mowing. This is $38,000 and by the time we are done buying attachments it will be close to $50,000. This is a tractor small enough (without attachments) to be loaded in the back of a full size pickup.
“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).”
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We purchased a new 2020 Toyota Tacoma truck in Sept 2020. For over a year the stupid thing was worth more than what we paid for it. It had a 60 month note, we were able to pay it off in 26 months because we ignored the fact that it had 1.9% APR, instead, we went all in and held nothing back.
We are determined to never finance a vehicle again. The next car will be a cash transaction, we are putting the equivalent of a car payment in a savings account for that purpose. Interest earned on that savings account is better than interest paid on a car note, we just have to wait for the funds to be there, which we will.
The next Admin needs to deregulate the automotive indusry and generate competetion.
I’m a Toyota Tacoma person. I had a 1991 that I sold with 257,000 miles on it. I replaced it with an ‘04 which I gave to my grandson with 391,000 miles on it (still running strong). I have a 2020 now that someone will inherit. They don’t haul or tow worth a crap but man they are dependable.
I bought GM my entire life and even had a GM Mastercard that earned discounts. I switched to Toyota after the Dexcool/Manifold gasket defect ate a motor. Switched to made in America Toyota and never looked back.
I’m retired now. Drive a Tundra Platinum that I bought when I retired. Nicest truck I’ve ever had. It’s a Unicorn now. 2017 w/ 50K miles.
Haven’t bought a new car in over 20 years. Unfortunately, used cars are bringing almost as much as news these days, especially pickups.
I watch the Mecum auctions, and yep, car prices are rising- but you can still pick up some really good bargains for some pretty awesome 80s 90s vehicles- well under $15,000 with low milage for certain vehicles. I’d much rather go that route than go into hock for the next 40 plus years paying off a vehicle that cost more than our first houses did.
But yeah, the gov is doingmto,us what they did to folks who smoked- make the product so expensive that most can’t afford it. For years I smoked and cigarettes cost around .75 cents, then up to a dollar, then 2- then a jump to almost 10 for name brands because of the lawsuit agaisnt them.
Liberals simply do not want the average man succeeding in this country.
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