New car sales dwindling due to high cost

How long ago were cars $12K?



No one bought them. Low lever trims have never sold well, not for decades at least? I am not saying your wrong, but most of the general population wants something else.
This is true. I have read countless articles saying since financing is trending longer-most want vehicles that are a nice place to spend time in. Getting bored with them and trading them in early is negative equity.
 
This is true. I have read countless articles saying since financing is trending longer-most want vehicles that are a nice place to spend time in. Getting bored with them and trading them in early is negative equity.
Vehicles are a means of travel and nothing more.
 
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If that were true everyone would be driving a Lada.
If everyone were honest in their choice of vehicle and absent the need to impress others, they might be.
They'd also save a little money that they could then use for things that matter, like travel.
Don't get me wrong, I like cars and have owned a few over the years that while useful may not have been basic.
Still, a vehicle is transport and nothing more. We have members imbuing cars that are basically toasters with mythical qualities. At the end of the day they're still just a means of getting from A to B.
 
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Vehicles are a means of travel and nothing more.
Life would be pretty boring if we all liked exactly the same thing.

We have vehicles we enjoy. The only thing that matters is if they impress us. What others may or may not infer from them, simply doesn't matter. We have also traveled extensively, and lived in a few countries around the world, for months at a time. So appreciating vehicles for various reasons, does not preclude other interests.
 
If everyone were honest in their choice of vehicle and absent the need to impress others, they might be.
They'd also save a little money that they could then use for things that matter, like travel.
Don't get me wrong, I like cars and have owned a few over the years that while useful may not have been basic.
Still, a vehicle is transport and nothing more. We have members imbuing cars that are basically toasters with mythical qualities. At the end of the day they're still just a means of getting from A to B.
If your ideas were correct then the USSR would have flourished and USA would have failed. But we can clearly see how that did not happen.

You have your reasons for buying a car and that is fine, and others have there reasons. Some do things to impress others, and some spend money on things for themselves. You can apply this to cars, the clothes you wear, the house you live in, and so on.

In the end its there money. 🤷‍♂️
 
If your ideas were correct then the USSR would have flourished and USA would have failed. But we can clearly see how that did not happen.

You have your reasons for buying a car and that is fine, and others have there reasons. Some do things to impress others, and some spend money on things for themselves. You can apply this to cars, the clothes you wear, the house you live in, and so on.

In the end its there money. 🤷‍♂️
Exactly, I bought my recent Navigator to haul my kids not to impress others... Not like a 2017 would anyways. 😅
Our situational needs has basically set the requirements of what type of vehicles we own (currently 3). There was one handle on here that tried calling me out when I mentioned I use my F-350 for hauling my truck camper to go on vacations & that I go to the food bank each month. They stated "You shouldn't be talking about big trucks, RVs, vacations, & then going to the food bank."

When I replied the truck is 19 years old, camper 32 years old, & we take 1 or 2 local trips a year. I heard no more reply from that handle. 😅

Some folks perceive things in their own way. Whether it's true or not doesn't matter.
 
The car manufacturers keep bringing out expensive 'technology' that most buyers don't want or need. When they go out of business they'll realize that most people just want basic transportation that they can afford which will probably come from China....unfortunately.
 
Exactly, I bought my recent Navigator to haul my kids not to impress others... Not like a 2017 would anyways. 😅
Our situational needs has basically set the requirements of what type of vehicles we own (currently 3). There was one handle on here that tried calling me out when I mentioned I use my F-350 for hauling my truck camper to go on vacations & that I go to the food bank each month. They stated "You shouldn't be talking about big trucks, RVs, vacations, & then going to the food bank."

When I replied the truck is 19 years old, camper 32 years old, & we take 1 or 2 local trips a year. I heard no more reply from that handle. 😅

Some folks perceive things in their own way. Whether it's true or not doesn't matter.
When my oldest started driving we bought a brand new Rav4, a lot of it to do with her driving it. We wanted all the nannies for a new driver.

When she was older I sent her on her way in my Old Xterra which she eventually smashed, then bought her another Xterra which she recently smashed. I wonder if I would have just sent her in the Rav4 it would have stopped for her? Fortunately she was unhurt both times, but it could have ended very differently.
 
When my oldest started driving we bought a brand new Rav4, a lot of it to do with her driving it. We wanted all the nannies for a new driver.

When she was older I sent her on her way in my Old Xterra which she eventually smashed, then bought her another Xterra which she recently smashed. I wonder if I would have just sent her in the Rav4 it would have stopped for her? Fortunately she was unhurt both times, but it could have ended very differently.
I have wondered... my daughter wrecked my '99 Camry as I didn't feel right in giving a nearly new Corolla to her. But new car might have handled the loss of control better than her?

At the very least insurance would have made me whole on the Corolla. I didn't carry collision on the Camry; while I was "ahead" it still hurt all the same.

Can't redo life.
 
The car manufacturers keep bringing out expensive 'technology' that most buyers don't want or need. When they go out of business they'll realize that most people just want basic transportation that they can afford which will probably come from China....unfortunately.
People here say this all the time, but its not true. Almost no one bought a Versa. Or a Mirage. Both were fairly reliable according to people here that owned them.

Out of a 15M vehicle market Toyota sells only like 250K Corolla's. They sell way more Camry's and even more Rav4.

There have been plenty of simple low cost cars not that long ago and no one bought them. OEM's sell what people wish to buy. They sell $70K pickup trucks and SUV's.

People who just want transportation buy used. OEM's don't build used cars, so they sell what new buyers want.
 
OK-so it's not a auto loan-but another loan instrument? Most take out car loans instead of setting up a HELOC.
Yes, it's a mortgage loan. It will be the last loan I ever take out. We have a savings tool now that allowed us to save up around $80k so there is absolutely no need for future loans. Back in my early to mid 20's my first loan was for a motorcycle which was dumb, then it was an RV which is even dumber. I learned after a bit that it wasn't the correct way to use a loan. We ended up getting around 25k out to fix up the house a little & we've been here for 13 years now with 0 plans of ever leaving. That is a much better use of borrowing money & my grandparents bought it in 1985 so there's that point. Still spending money on the house but at a slower pace. Currently have my brother sanding the front room b/c I made a mistake of painting over the nice tongue & groove oak floor. We have 5.5 years left to pay off the loan & it's only $113.09 a month so it won't get paid off as we'd rather invest the money. We should make at least 2.5% invested to cover the cost.
 
People who just want transportation buy used. OEM's don't build used cars, so they sell what new buyers want.
GM and Ford seem to think that people want to commute in expensive pickup trucks....they've given up selling cars (unless you consider those 3 cylinder disposable vehicles). There is nothing the 'Big 3' currently sell that i would consider buying and that's on them.
 
How long ago were cars $12K?
No one bought them. Low lever trims have never sold well, not for decades at least? I am not saying your wrong, but most of the general population wants something else.
And when folks caught onto the safety stickers required to be displayed on the window it prompted folks away from the econo boxes. I think the 2002 I4 Saturn L200 stickered for around or almost $20,000 but it had a moonroof! It's hard to grasp if there were any cheaper cars than that if I could tolerate them. The Festiva's I ripped around in were okay but throw in the 3 speed automatic it was quite a buzzy loud car. The 5 speed manuals were a little better for noise but not much.
 
When my oldest started driving we bought a brand new Rav4, a lot of it to do with her driving it. We wanted all the nannies for a new driver.

When she was older I sent her on her way in my Old Xterra which she eventually smashed, then bought her another Xterra which she recently smashed. I wonder if I would have just sent her in the Rav4 it would have stopped for her? Fortunately she was unhurt both times, but it could have ended very differently.
I have wondered... my daughter wrecked my '99 Camry as I didn't feel right in giving a nearly new Corolla to her. But new car might have handled the loss of control better than her?

At the very least insurance would have made me whole on the Corolla. I didn't carry collision on the Camry; while I was "ahead" it still hurt all the same.

Can't redo life.
I read up on automotive safety & us parents think "Put them in an old beater just in case they wreck it" but that isn't the best idea since the least experienced drivers need the latest safety provided by the latest vehicles. Now, I wish we could all afford to do that! We all need to make ends meet & I believe most decent buckets can be a good first vehicle. My first rides were a 1975 Nova & 1968 Fury! = No safety! ha!!

My requirements were pretty basic & my somewhat low bar of "anything's better than what I had for 1st cars"...

It needs front, side torso, & curtain airbags. Although my niece did get my Saturn she's luckily still driving it! I bought it with 128k, gave it to her at 150k, & now it's over 200k.

Good to hear your all's girls didn't get too severely injured..always tough to go through something like that. I don't believe you all did anything wrong & they at least had front airbags. Getting them to wear safety belt is the most important decision.
 
And when folks caught onto the safety stickers required to be displayed on the window it prompted folks away from the econo boxes. I think the 2002 I4 Saturn L200 stickered for around or almost $20,000 but it had a moonroof! It's hard to grasp if there were any cheaper cars than that if I could tolerate them. The Festiva's I ripped around in were okay but throw in the 3 speed automatic it was quite a buzzy loud car. The 5 speed manuals were a little better for noise but not much.
Yes. My first actual non beater was a 3 year old 1996 Olds Cutlass Supreme. I paid like $11K but the sticker on it when it was new was approaching 20K. No one paid that of course, but even 17K in 1996 is $37K now adjusted for CPI. It was a nice car, but I can buy a pretty nice Camry or Accord for $37K now.

I think a lot of things are overpriced now - housing being front and center. But if your frugal you can still buy a decent car for a decent price comparatively.
 
I don't pay much attention to US car companies. Looking for opinions on how Ford is doing dropping cars from their lineup for years, with the exception of the EV Mustang?
 
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