New cars will always be sold and are completely affordable just as much as any time in history.
Its official - 60% of households and 82% of singles can't afford a new car.
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The average Gen Z is 19.5 years old. I think this is actually one of those headlines @alarmguy was referring to. Who cared about retirement at 20? I figured 30 was dead when I was 20.
The difference is they'll be thinking the same when they're 40. They'll just be worried more.
OK, but the fact remains they sold far fewer new cars in the last few years than they had in the last decade, and you need a new car to make a used car.
The average fleet is getting older.
At some point the math breaks down unless fewer overall cars are desired. Its just math, not opinion.
No different than now actually.
https://thehill.com/business/person...f-of-baby-boomers-have-no-retirement-savings/
Idiots come in all ages. The difference is they're worshipped more today. There's always Walmart and Home Depot.
I'd like to see a survey of how much those young people spend on things like stupid tattoos, Starbucks coffee and eating at fast food restaurants, the latest iPhone, expensive monthly cell phone and data plans, Netflix and cable bills and using credit cards to pay for unnecessary things that they want now instead of saving for, and paying 25% interest rates on.
But they aren't paying off their student loan debt and expect Uncle Sugar to bail them out and can't afford a new car.
I find it difficult to have sympathy when lifestyle choices have a lot to do with their situation.
But they aren't paying off their student loan debt and expect Uncle Sugar to bail them out and can't afford a new car.
I find it difficult to have sympathy when lifestyle choices have a lot to do with their situation.
On this we agree.
Pretty good!
I always worked hard and had pretty good occupations my entire life. But from a young age I always lived like I could die tomorrow *LOL* No kidding, that was my saying.
Good news I lived and I continue to live a good life but I could have done better at a younger age when I was making boat loads of money buying things I should have put off.
Ever since the "Trickle down economics of Reagan era tax cuts" we've been overworked & underpaid since then... The statistics don't lie.. It didn't work. Which leads to were we are today... A nation that buys things on debt & can't afford a new car. The rich are only getting richer & keeping their money. "Hard work" has not come with adequate pay for decades.
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This is exactly it. The girl that cuts my hair has full arm and a full leg tattoo. She's a pretty girl, and it looks horrible. She told me that all of it was over $3K.
I'm willing to bet that by the time she's 40, she'll be shelling out more than that to have it removed. Many Dermatologists today are saying the most profitable service they perform is tattoo removal.
Talk about flushing money down the toilet. I won't even get into waiting in a line 7 cars deep, to buy a $6 cup of coffee.
I dont disagree and the day will come if they want to sell more cars they will do it more cheaply.
One must not forget the world health event/Covid put the economy on hold for a good number of years. I know. I bought a Chevy Traverse at the height of it, dealer showroom was empty, was the perfect time to buy a car... that year or two is factored into the last few years of stats as well as the resulting price increases coming out of Covid. Demand was naturally high because of the shut down.
I think inventories are catching up now, we will see a settling down of prices. Also talking of EVs you are in the general area. Im near the coast of SC/NC. Check out the sales going on with VW EVs. Dealers marking down the sticker price of them for some time now the 2023 models. Think there are still some left. Supply and demand I think will level out in the next two years.
Interesting times for sure and I just follow and watch. Doesnt mean I am right.
Not really true. People can afford more luxuries than anytime in mankind's history. Productivity higher, costs lower.
A 25 inch TV today is pennies on the dollar compared to what a color TV cost in the 1960's as an example.
All luxuries from those times are much cheaper today this goes for any technology that was around 60 years ago compared to today.
Even your basic home telephone costs were much higher back then.
I do agree, we are a nation that buys things on debt but that is a personal choice, just as our country as a whole owes more money then at anytime in history, even more then WWII. In fact the last 16 years of luxury living is by our nation borrowing money to keep it functioning. But it is all the peoples choice. We are responsible for ourselves and no one else.
Yeah, in your mind everything's cheaper now than before.. OKAY... Housing, Insurance, Food, etc. is more expensive compared to a persons Income these days. The Income vs expense is what matters. It is true that our pay has not kept up with work. Using debt to buy something is no longer a "Personal choice" it's mandatory to get to work for those long hours we have to now for little pay that has not kept up with inflation etc. Now this is not every household of course but a lot of folks need to do this to survive. Did you borrow money to buy your house?
Life has never been more easy for mankind then it is today in the USA.
Using debt is a personal choice, not mandatory. It's just people make choices to borrow money.
I have as well as all my friends borrowed money to buy a house and anyone now can still do the same. If they cant, then they need to rethink what they are doing for a living and possibly what area they are living in.
I love the "Food" thing in a nation with people overweight like never before in history it's taking down the health care system.
No one goes hungry in the USA, we give you a free debit card to buy food and other treats, in fact, we will also supply you with a free cell phone and subsidized internet access!
Houses, just as affordable as they were in the 1980s. Actually you get A LOT more for your money than the 1980s and interest rates are lower than the late 1980s, no one complained. In today's world many do not want to settle for something that needs work, sweat and tears to bring up to standard. Anyone can buy a house, if you cant, move to an area you can. Nothing is different but whining and the media feeding it for ... you guessed it, advertising revenue supplied to the shareholders. Who is the fool?
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When I bought the Model 3, I chose the Mid Range RWD instead of the more expensive (and faster) versions. It's one thing to buy something extravagant; it's another to have-to-have the top of the line whatever.
Just my 2 cents.
This is why pull n pay etc should be REQUIRED to repair and put 80% of what comes in back into circulation on the roads. I see way too many nice vehicles in many cases they came in an ran. If you want to make vehicles more affordable FLOOD the market. If you print tons of money it looses its value. Same principle.
Cobra Mark III was kinda expensive with the 7.0L Ford engine. But it's $1M today. Sheesh.
Is the weight balance 50-50 front-rear on the rwd model 3 like 3 series BMW's?
