Posted on 08/02/2024 5:54:47 AM PDT by delta7
Which is why I'm postponing any new car purchases, not going to take a 15 year loan on a car that might last less than that.
See my tagline...
“ WEF Seeks to End Private Car Ownership by 2050….
“Goodbye car ownership, hello clean air: welcome to the future of transport,” the WEF published on its website back in December 2016. The first step is to transition cars to electric under the guise of climate change. This will cause all vehicles to be dependent on the electrical grid, which the government controls. Yet, they never planned to stop at electric vehicles.
They want full control over you and where you go. It was announced at the Summer Davos that the ultimate goal is to end 75% of ALL car ownership, including electric vehicles, by the year 2050….”
This means discounts.
None of this matters to many Americans. Their cell phones still work, and Kamala is a woman of color! Yay!
This means discounts.
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Of course, but if the manufacturer of your new car goes bankrupt and closes it’s doors and dealerships, good luck in keeping it running.
Don’t understand the goal of ending car ownership. People where there is little or no public transportation have to get around to get groceries,etc. A more sensible solution would be to pursue a program of doing away with Davos & Communist-aligned politicians. Leave people alone & let them live their lives!
Yet, the average list price of a new car is $49,096 and far more than the average American can afford.
The only reason a new car costs this much is that it is loaded with features that most customers don't want. Many of which are added to these vehicles to comply with government regulations that are imposed for the sole purpose of inflating the price of the vehicle and indirectly subsidizing the auto manufacturers.
Nowadays, the repo man needs someone riding shotgun.
Hello! Invest in things which increase in value or yield a return, not buy expensive autos which depreciate the moment you drive off the lot! Also drive that car for years or longer, once a car is paid off does not mean go buy a new one, get off that car payment train. Save that payment in an account and pay cash for the next car!
I believe rising car repos are one of the front most leading indicators to an economic downturn.
The canary in the coal mine so to speak.
The auto industry…..
The auto industry started dying in the 1970s when the government started trying to run the car companies.
The government’s bumbling resulted in awful cars with increased production costs.
The Japanese took advantage of this and made fortunes.
The unions demanded large wage increases even though their companies were getting rocked and the Japanese were taking market share.
The union workers sold the future of good paying auto jobs to give themselves pay raises.
They felt that politicians would protect them.
Auto executives felt that their hands were being tied and decided to make as much money for themselves as possible as the companies they no longer controlled, died.
Young people without college educations could get a job working for the car companies and have a good life.
Now, there is just frustration and despondency.
Good job Democrats.
Used Car & Truck Prices Spiral Down Further in Historic Plunge, Surrender 60% of Stunning 2-year Spike
by Wolf Richter • Jul 9, 2024
https://wolfstreet.com/2024/07/09/used-car-truck-prices-spiral-down-further-in-historic-plunge-surrender-60-of-stunning-2-year-spike/
Like many things, Spectrum cable for instance, has 100 channels I don't use and don't want to pay for.
People where there is little or no public transportation have to get around to get groceries,etc.
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The goal of WEF and socialists is to herd the population into “ planned” urban centers.
I can see these already being developed in my state. Huge stacked apartments/condo developments springing up and advertising their communities have everything within walking distance.
Control, pure and simple.
I paid $22K cash for my 2002 V8 Tundra, still driving it every day, nothing but gas, oil and tire changes in 20 years.
It was made in Japan, take that auto dealers
Yes the 70s and 80s were the dark ages of the auto industry. Years of crappy ugly cars.
Innumeracy is a burden for many. They simply can't comprehend.
Greatest economy in the world.
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