US vehicle sales were up in April [1], [2], so someone is buying them.
[1] https://economics.td.com/us-vehicle-sales [2] https://fred.stlouisfed.org/series/ALTSALES
New cars are just for rich people now
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Re: New cars are just for rich people now
#12Just join the motorcycle club...
Re: New cars are just for rich people now
#13[dead]
Re: New cars are just for rich people now
#14Earlier quoted context omitted.
I dunno. Ford saw the automobile as being revolutionary only if the person who makes the automobile is able to afford the automobile. (Funny, nobody applies this one to child care.)
> Ford saw the automobile as being revolutionary only if the person who makes the automobile is able to make the automobile What is this supposed to mean? I'm not sure if I'm being obtuse or its too profound for me to understand.
Mass production requires mass consumption.
Re: New cars are just for rich people now
#15Earlier quoted context omitted.
> Ford saw the automobile as being revolutionary only if the person who makes the automobile is able to make the automobile What is this supposed to mean? I'm not sure if I'm being obtuse or its too profound for me to understand.
Maybe he means the person who makes the automobile can afford to buy an automobile?
Fixed typo inserted by spell checker.
Re: New cars are just for rich people now
#16...because of (a) car-price inflation kick-started by pandemic-era supply shocks, and (b) rising interest rates meant to drive down the rate of price inflation. In short, both cars themselves and car-financing are more expensive.
“Supply shocks” make it sound like something that could not be anticipated, rather than something that was caused by active incompetence from auto manufacturers at the start of the pandemic.
Re: New cars are just for rich people now
#17Just join the motorcycle club...
I hear they're constantly making space for new members.
Re: New cars are just for rich people now
#18Earlier quoted context omitted.
I dunno. Ford saw the automobile as being revolutionary only if the person who makes the automobile is able to afford the automobile. (Funny, nobody applies this one to child care.)
Interestingly, Ford put his money where his mouth was and dropped the price of the Model T by 5x over the production period. Very hard to imagine today. https://en.wikipedia.org/wiki/Ford_Model_T#Price_and_product... > I will build a motor car for the great multitude. It will be large enough for the family, but small enough for the individual to run and care for. It will be constructed of the best materials, by the b…
Thanks to Ford being sued by Dodge and setting the precedent that you must operate in the interests of the shareholders and not the customer or your employees.
Re: New cars are just for rich people now
#19Meanwhile the average price of an EV has dropped $10,000 over the last 12 months.
https://insideevs.com/news/666533/average-ev-transaction-pri...
The average EV price is not yet less than the average internal combustion vehicle price, but it's getting close. TCO for the average EV is almost certainly less than TCO for the average ICE vehicle.
Re: New cars are just for rich people now
#20US vehicle sales were up in April [1], [2], so someone is buying them. [1] https://economics.td.com/us-vehicle-sales [2] https://fred.stlouisfed.org/series/ALTSALES
There’s a huge backlog right now. An increase in sales tracks an increase in supply. The situation is changing rapidly, anecdotally. My local Toyota deal dropped their dealer markup from $10k to $5k recently