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 ...
Yup I’m in same boat. My vehicle now has 130,000 on it. It won’t last the rest of my life if I live to average age, and the price of new cars is way out of my league.
Yeah that was the price for basic model in 1980 I posted. Nothing fancy- infsct the styling of the mustangs had changed (for the worse in my opinion) at that point. The inflation rate from 1980 price of $5500 to $20,000 is about 265% according to the calculator.
The inflation rate from 1980 price to 2000 price was just 109%
I am in the process of upgrading my 3 vehicle fleet. 2 of them are gems with manual transmissions which have 100 year lifespan
Depending on how much money auto manufacturers make from fleet sales to the public and corporate sectors, Big Auto might not give a crap about the average joe consumer market for cars going south.
If I lived on an island by my self I would still want to drive a powerfull and beautiful car. I just like them. Nothing to do with ego.
We had a Freeper tell us a long time ago the best place to rebuild a trans was in the bathtub.
Or until someone T-bones it.
Yezh im gonna have to do something, and that is the cheapest alternative, or find a good used vehicle, but those are hard to find under say 10 grand- Still in good shape body-wise, hardly any rust. Engine still pretty strong- the wear parts Wil. Have to be upgraded soon I’m sure.
Upgrade what you got now. Don’t blow $10k on a car that needs fixing up. Fix up what you have now!!!
Soon any well made vehicle with an internal combustion engine will command a premium price. Most people still do not want EVs despite government pressure. Future elections will pit politicians who are committed to mandating EVs and banning gas powered cars against those who will support freedom of choice.
I said a few years ago that if fol,s had the $$, a good investment might be to buy older cars in great shape, and hang onto them for awhile when the prices will skyrocket as folks desperately seek out classic cars instead of the new ones they can’t afford
Great Post
Covered just about why all cars (and pretty much everything else) Sucks nowadays...
NEW PONTIAC station wagon==$3434 out the door with tax & license-—Feb 1965.
PUT OVER 444,000 miles on that car-—sold it to a guy in Sweden & he restored the exterior. RAN FINE.
I own a 13 1/2 year old car. I had great service until the auto dealership was sold about 6 years ago or so. Once it was sold, everybody I new was gone and the knowledge base evaporated.
MY OLD TRUCK is 1976 1 ton-—Have had numerous offers to buy it.
NOT FOR SALE
YOU own the tractor-—but John Deere owns the computer software.
YOU CANNOT CHANGE A SPARK PLUG YOURSELF-—ONLY JOHN DEERE Mechanics can do that.
I will buy a different brand over that alone.
LOVE my 4 speed Granny low Dually 1 ton truck
SHOP in Hemmings Motor News
$5500 in 1980 ==> $21,267 today
$8800 in 1980 ==> $34,028 today
Now ... compare engine specs from 1980 vs 2023. I don't mean displacement, I mean horsepower. You'll find that those 1980s V8s were rather weak by today's standards.
That is why i got rid of a 18 Sub Outback
2 transmissions in under 48K
didnt want there to be a third.
Sub honored and gave me new. each time
Bought something more rugged.
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