Aren't those outsold each year (by a large margin) by Mexican-made Tacomas?My 2005 Chevy Avalanche was built in Mexico, my sons 2013 Toyota Tundra was built in Texas…..
Aren't those outsold each year (by a large margin) by Mexican-made Tacomas?My 2005 Chevy Avalanche was built in Mexico, my sons 2013 Toyota Tundra was built in Texas…..
High interest rates and a foggy economic outlook have swung the market this way. The bubble in the car market was to take advantage of the low interest rates as a last chance, and for the higher end cars was to park the rapidly deflating dollars into tangible appreciating assets.I haven’t checked out my local inventory online for months and went and looked a few local Honda dealers sites. They all had inventory now and all their cars were marked down $1500 below MSRP. I was surprised by this but still don’t know what ADM packages they still have on every car that’s not showing online. I checked a few Hyundai dealers and they were selling at MSRP for the ICE cars but still had a $5K mark up on the Hybrids. I think the ball is finally back on our side of the court going forward.
High interest rates and a foggy economic outlook have swung the market this way. The bubble in the car market was to take advantage of the low interest rates as a last chance, and for the higher end cars was to park the rapidly deflating dollars into tangible appreciating assets.
Around here they all show inventory online but its either in transit and sold when it gets here, or it has already been sold they just leave it in the system to get people in. However I have no doubt that will change soon. I can't see people lining up to pay 6% interest on a 40K Camry. I realize many people have no choice if there car gets wrecked or something - hope I don't end up there.I haven’t checked out my local inventory online for months and went and looked a few local Honda dealers sites. They all had inventory now and all their cars were marked down $1500 below MSRP. I was surprised by this but still don’t know what ADM packages they still have on every car that’s not showing online. I checked a few Hyundai dealers and they were selling at MSRP for the ICE cars but still had a $5K mark up on the Hybrids. I think the ball is finally back on our side of the court going forward.
Norway, the country that will ban internal combustion engines powering private vehicles by 2025, and may be 100 percent electric car sales exclusive in the next few months, announced yesterday they will disable electric vehicle charging as beneficial to support the power grid for other electric needs.If you read the manifesto that is the plan, cars will be for the politburo, cronies, hangers on and oligarchs. Don't think for one second this EV crap is about the environment it is all about unhorsing the unwashed masses.
Norway, the country that will ban internal combustion engines powering private vehicles by 2025, and may be 100 percent electric car sales exclusive in the next few months, announced yesterday they will disable electric vehicle charging as beneficial to support the power grid for other electric needs.
Yep, and that is the goal.
Tesla stock would not be as high as it is without the "Myth of Elon". The irony is that this fact is stated black on white in their SEC filings.Yep, and that is the goal.
I think the biggest problem with EVs/current automotive trends is affordability. Not just with the cars themselves, but with everything else piled on. Current wages for the average person are not keeping up with the crazy inflated prices of everything. There is a small percentage of well-off people (usually older and established) buying cars with cash or with good financing, the rest are just loading up on debt. Younger people are starting to realize that tying up that much money in debt in a depreciating asset (which depreciates even quicker with all the tech) is a dumb idea. I could go out and buy a new BMW tomorrow, but dropping that much on a car that doesn't "wow" me much more than my current 2009 model doesn't interest me.
EVs are beneficial in some areas, but there is a reason it is being pushed on us while the infrastructure is not there yet. I learned all about the reasons why it wasn't a viable option while I was studying environmental energy in college.Modern cars irritate me. They represent three aspects of modernity that I consider detestable. 1. Government overreach, 2. Coddled society, and 3. Lack of incentive to keep a car running long.
Cuba is a great example of how older cars can be kept on the roads indefinitely. Modern cars? So many electronics and horrible modular part design that make them preposterous to keep on the road for decades. The government won’t allow cheap, small, lightweight, and simple cars on the road. But then the coddled masses don’t want those cars anyways. They want a car like they want a phone, as many features as possible to show off to their online friends.
I know I sound like an old guy, but I’m a late blooming millennial. I just see modern society as extremely wasteful, short sighted, and obsessed with virtue signaling, even when the virtue signaling revolves around consuming the latest fad.
Cuba is a great example of how older cars can be kept on the roads indefinitely. Modern cars? So many electronics and horrible modular part design that make them preposterous to keep on the road for decades. The government won’t allow cheap, small, lightweight, and simple cars on the road. But then the coddled masses don’t want those cars anyways. They want a car like they want a phone, as many features as possible to show off to their online friends.
People can not quite grasp what the worlds governments are doing to us.Norway, the country that will ban internal combustion engines powering private vehicles by 2025, and may be 100 percent electric car sales exclusive in the next few months, announced yesterday they will disable electric vehicle charging as beneficial to support the power grid for other electric needs.
People can not quite grasp what the worlds governments are doing to us.
Remember compared to diesel you can refine almost twice as much gasoline from a barrel of oil. ~20 gallons of gas vs ~12 gallons of diesel. Diesel isn't twice as efficient as gasoline so in terms of oil burned diesel uses more of it.I remember doing several studies in college about what the best way to own a vehicle was vs. how much energy was consumed to build, drive, and recycle it. Buying an ICE car and keeping it for a long time was the best for the environment, particularly a diesel one since there was more energy produced from a gallon of diesel over gasoline. Many of my professors at the time drove diesel VWs and diesel trucks converted to biodiesel.
In a way, sure. But large numbers of those 50s classics still running in Cuba are doing so because they were re-motored at some point with whatever Soviet-made tractor engines their owners could get ahold of. Real hodge-podges. Supposedly a lot of the best all-original examples were bought up and expatriated by wealthy European collectors years ago.Cuba is a great example of how older cars can be kept on the roads indefinitely.
You bring up good points: people really don’t have to go out and contribute to this enormous mess that is the new car world right now - they can buy used instead - or heaven forbid...fix their car and keep it. Once that happens, and happens more frequently? Game over, things will return to a much closer version of normal.Sounds like victim mentality to me. It’s all big and greedy corporations fault, not mine.
Notice we’re talking about vehicles, not food. Food price hikes I agree with you are hitting poor people the hardest, but let not pretend here that the same people that are struggling to put food on their table are going out and buying new vehicles because they have no other choice.
There is always a choice, if one chooses the easiest way out, and buys more then they afford, it is still their fault.
Edit:
If my kids are starving and I cannot put food on my table, the last thing I’m going to do is go out and buy a $30-40k vehicle because I need it for my, most likely dead end job. If one has that kind of thinking, they should have their head examined. These types of people will always be poor doesn’t matter if the times are good or bad.