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Chip shortage: Toyota to cut global production by 40%

bbc.com

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Re: Chip shortage: Toyota to cut global production by 40%

#201

Post by hef19898 »

ghaff wrote: post #178
hef19898 wrote: post #143

Earlier quoted context omitted.

Ever since working on Integrated-Logistcs-Support I take issue when terms like reliability are thrown around. Because in the end it's a result of looking at Reliability (stuff not breaking down often), Availability (stuff being functional when planned to be), Maintainability (how easily stuff can be kept functioning and repaired when broken), Supportability (how easy spares can be get) and Testability (how easy it is…

I think that's true. What most of us care about in cars is that they work when we want to drive them someplace right now , won't leave us stuck on the side of the road, and don't have prohibitive (time or money) planned maintenance. What's probably true is that older cars that aren't rusted out can probably be kept running by people with the appropriate mechanical skills even in the absence of proper factory/3rd part…

True, as an owner of a car from 1982 I agree. Requires a lot more preventive maintenance, e.g. oil changes every six months or 5-6k km, but runs perfectly fine when properly maintained. Also, I cam probably fix most issues with tools carried on board on the side of road. Enough to get to a proper workshop at least, I converted it to 2WD after killing a diff and drove for 200 km that way. If you cannot do that yourself, you're screwed so.

That being said, if I'd go on a 2k + mile trip I would put in some work to get the car fit for this. Looking at my dads VW camper, I'll just fill up drinking water, maybe gas and fuel. Without a serious amount of preventive maintenance those cars do have a tendency to break down so. I guess we are just not used to this kind cars or machinery anymore.

Re: Chip shortage: Toyota to cut global production by 40%

#202

Post by el-salvador »

jtbayly wrote: post #59
riggins wrote: post #18

Earlier quoted context omitted.

https://www.nytimes.com/interactive/2021/08/18/opinion/infla... "In July, some of these sectors (used cars in particular) experienced a big deceleration in inflation, bolstering the argument" https://news.yahoo.com/us-used-car-bubble-burst-141009925.ht... "The price index for used vehicles rose 0.2% in July, after having risen at least 7.3% in each of the previous three months. The category was one of the few, along…

Used cars have a natural price cap, and my understanding is that it has been reached. They are too close to the price of a new car to go any higher.

Not everywhere though. I recall Venezuela had unusual car prices about a decade ago.

Car dealership inventory was very low due to currency controls and wait times at car dealerships increased to months.

A slightly used car, inmediately available for sale, was more expensive one than a new one with months wait.

Re: Chip shortage: Toyota to cut global production by 40%

#203

Post by wonderwonder »

mikeyouse wrote: post #169
codesnik wrote: post #138

Earlier quoted context omitted.

how? can you capitalize on that upside somehow? sell them, live in a tent until prices are down?

Obviously most people can’t do this but a family member was recently approached by the dealer who sold him his most recent work truck. He’s driven like 30k miles on it in the past 2 years and it was a $75k Chevy diesel. Dealer offered him $90k to buy it back from him (to sell to someone else) and my family member said “Sure”. So he made $15k on an asset that should have lost 1/2 its value by now. Obviously rare and h…

I assume that in most situations like this the original person with the truck would have to replace that truck. In this case he now has to pay 90k for the truck he originally paid 75k for.

Re: Chip shortage: Toyota to cut global production by 40%

#204

Post by dahfizz »

codesnik wrote: post #138
dahfizz wrote: post #121

Earlier quoted context omitted.

If you're an established adult who owns a house and two cars, your assets have skyrocketted. You're having a great time.

how? can you capitalize on that upside somehow? sell them, live in a tent until prices are down?

HELOC's are very common. You can cash out on all that new home equity and install solar panels, build an extension, put in a pool....

Re: Chip shortage: Toyota to cut global production by 40%

#205

Post by CountDrewku »

space_rock wrote: post #96
CountDrewku wrote: post #90

Earlier quoted context omitted.

Psst you can avoid all of those issues by not buying Toyota. Stop trying to regulate everyone else into what you want. If these EV's are so good it shouldn't be an issue at all.

Stop polluting the cities and atmosphere and then it'll be none of our business

I bike religiously so sorry you're not going to one up me on the "polluting" less scale. Are you going to come take my ICE vehicle from me? Didn't think so.

Drop the authoritarianism it's unbecoming. There's a great country I can suggest you to move to if you want government control over everyone, feel free to PM me for details.

Re: Chip shortage: Toyota to cut global production by 40%

#206

Post by lordgroff »

gonzo41 wrote: post #116
wonderwonder wrote: post #87

So new cars are going to be come more expensive due to supply limitations and in turn used cars will continue to become more expensive as they can rise to a certain % of the new car price. At the same time housing prices continue to sky rocket. Seems like not a great time for someone just stepping into adulthood and financial responsibility.

Spend 5K on a really nice commuter electric bicycle. You'll be doing a solid for the Environment and you'll have an EV that makes you fitter.

I live 50km from work now (thankfully looks like mostly remote forever, the COVID silver lining), but I used to bike to work before I had kids.

I don't know that I'd do it again. The number of avoided-death-by-split-second close calls that I racked up in about five years is just too high... Now that I'm a bit older and have children, seems irresponsible.

This is in a city with relatively developed bike infrastructure, including separated lanes in some places. (Some) drivers just don't give a damn, and while I wish it was different, I don't see it changing any time soon either.

Re: Chip shortage: Toyota to cut global production by 40%

#207

Post by Saturdays »

waterside81 wrote: post #159

Can someone explain to me why this wasn't the case before covid? Are the companies who are ahead of the automakers "in line" ordering more than before covid?

Simplest answer: Demand has gone up overall for technology like tvs, computers, game consoles, etc... Meanwhile, during covid the ability to scale (production and supply chain) to meet that demand has been difficult.

Re: Chip shortage: Toyota to cut global production by 40%

#208

Post by BossingAround »

xyzelement wrote: post #154
wonderwonder wrote: post #87

So new cars are going to be come more expensive due to supply limitations and in turn used cars will continue to become more expensive as they can rise to a certain % of the new car price. At the same time housing prices continue to sky rocket. Seems like not a great time for someone just stepping into adulthood and financial responsibility.

> just stepping into adulthood and financial responsibility. I am older than that (40 and my wife is 35) and while we have been independent professionals for a while, we now have a 1 year old so this summer for the first time in our lives we bought a house and a car. It was definitely harder to find a house (mainly less availability driving competitive bidding) and it took a little longer to find a car and we ended u…

The fact that you can weather the extra costs doesn't mean it's "no big deal," which is how your posts comes across to me.

Re: Chip shortage: Toyota to cut global production by 40%

#209

Post by wonderwonder »

gonzo41 wrote: post #116
wonderwonder wrote: post #87

So new cars are going to be come more expensive due to supply limitations and in turn used cars will continue to become more expensive as they can rise to a certain % of the new car price. At the same time housing prices continue to sky rocket. Seems like not a great time for someone just stepping into adulthood and financial responsibility.

Spend 5K on a really nice commuter electric bicycle. You'll be doing a solid for the Environment and you'll have an EV that makes you fitter.

This is great in theory but not so great when you are food shopping for a family or you need take the kids to get new shoes.

Re: Chip shortage: Toyota to cut global production by 40%

#210

Post by yourusername »

gonzo41 wrote: post #116
wonderwonder wrote: post #87

So new cars are going to be come more expensive due to supply limitations and in turn used cars will continue to become more expensive as they can rise to a certain % of the new car price. At the same time housing prices continue to sky rocket. Seems like not a great time for someone just stepping into adulthood and financial responsibility.

Spend 5K on a really nice commuter electric bicycle. You'll be doing a solid for the Environment and you'll have an EV that makes you fitter.

High end bike parts are also in short supply. Popular electric bikes also have months long waiting lists.
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