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New cars are just for rich people now

64 点作者 GalenErso大约 2 年前

25 条评论

tfandango大约 2 年前
I feel this a bit. I had a Jeep Grand Cherokee which I loved but decided to have engine problems which apparently is not uncommon. After months of attempted repairs the only option left was a replacement engine that cost more than the value of the car. I considered it but decided against on the advice of a trusted mechanic who says the Jeep replacement engines are problematic and I&#x27;d just be inviting more repair cost. Based on how things had gone, I imagined this is correct.<p>I wanted to cheap, small, 2wd pickup to toss rocks and woodchips and the like into for around the town chores which I seem to do a lot of. Does not exist, somewhere along the line everyone decided a pickup truck is some sort of luxury vehicle with all kinds of bells and whistles. While base model trucks are affordable, I cannot find one anywhere, only high-level trims are available. And a used truck with 100k miles is still outrageously expensive and I have shell shock from the Jeep engine blowing up at that milage.
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ftxbro大约 2 年前
&gt; &quot;When you do the math on what that means to a median household, it is basically pricing the median completely out of the new vehicle market&quot;<p>Some years ago, &#x27;above median&#x27; didn&#x27;t count as &#x27;rich&#x27;. There were &#x27;the masses&#x27; maybe like 90% then a bourgeoisie maybe the next ones above that, then less than 1% aristocracy and nobles. Also social class wasn&#x27;t determined solely by net worth or income. Maybe we will go back to that kind of situation where the median will be considered squarely in &#x27;the masses&#x27; class and nowhere near &#x27;rich&#x27;.
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TradingPlaces大约 2 年前
It’s because used cars have gotten so good that automakers can’t compete with them at the low end. <a href="https:&#x2F;&#x2F;seekingalpha.com&#x2F;instablog&#x2F;49663329-trading-places-research&#x2F;5874921-why-new-cars-are-expensive-in-us" rel="nofollow">https:&#x2F;&#x2F;seekingalpha.com&#x2F;instablog&#x2F;49663329-trading-places-r...</a>
glitchc大约 2 年前
Safety is a big factor here. The basic trim for all entry level models includes driving aids such as proximity sensors, blind spot warning, backup camera, pre-collision warning. The changes required to integrate those features into the car are diverse and influence design. The net result is that it&#x27;s not economically feasible to offer them as optional components on higher trims and the base price of all models goes up as a result.
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naravara大约 2 年前
This may not be the worst thing honestly, from an environmental perspective. The cars themselves have much longer usable lives now so it&#x27;s for the best that cars move down to new users instead of needing to build more and more.<p>The downsides, however, is that while the car part of the car is more durable and long-lasting than ever, the software&#x2F;computer parts of the car are hamstrung by terrible decisions that are sure to age very poorly. This will only get worse when GM decides they want to turn the infotainment screen into a data-harvesting cash cow.<p>Also, this will slow down the transition to EVs. And it ends up saturating the used car market with cars designed with the tastes of show-boating new-car buyers in mind. This screws over people who just want a humble, reliable, practical vehicle instead of an overspecced, oversized, brodozer.
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bryanlarsen大约 2 年前
Meanwhile the average price of an EV has dropped $10,000 over the last 12 months.<p><a href="https:&#x2F;&#x2F;insideevs.com&#x2F;news&#x2F;666533&#x2F;average-ev-transaction-prices-down-kelley-blue-book&#x2F;" rel="nofollow">https:&#x2F;&#x2F;insideevs.com&#x2F;news&#x2F;666533&#x2F;average-ev-transaction-pri...</a><p>The average EV price is not yet less than the average internal combustion vehicle price, but it&#x27;s getting close. TCO for the average EV is almost certainly less than TCO for the average ICE vehicle.
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dgoodell大约 2 年前
They say there are fewer new cars available at $21k today than in 2017. Did they take into account inflation?<p>$21k in Jan 2017 is nearly $26k Jan 2023. There seems to be plenty of new cars that cost that amount.
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ROTMetro大约 2 年前
Has anyone looked into knock on effects from the Obama era cash for clunkers that reduced the used car supply by 677,081 cars? I always thought that was going to impact affordability. It removed lower cost vehicles AND their future cannibalization for parts to keep other low cost vehicles on the road.<p>The other change I wonder is just the longevity of cars (which could counteract impact from cash for clunkers). My father used to buy a new car every 3-4 years in the 90s because cars sucked. Cars are more expensive now, but last much longer. My 7 year old car is as good as new still, my dad kept his last car 10 years.<p>Is a product that lasts triple the amount of time for less than triple the old price actually more expensive? No, but it IS now contradictingly unaffordable. It becomes the rich people and shoes trope. Poor people can only afford cheap shoes that wear out more often. When I could afford nice italian boots that lasted longer and were amazingly more comfortable I actually spent less on shoes, but I had to be able to shell out $500 for boots. Now I can only afford $40 for junk. Heck I have shirts from Nordstroms from 10 years ago that I still get complimented on but can&#x27;t replace and am forced to slowly replace with cheap garbage shirts than wear out in a year because I&#x27;m broke and am sad to see myself fall into that trap knowing I am throwing away money to the benefit of looking worse for more $$$ spent over time.<p>All that said having moved down about 10 social economic groups the people I know have 2 daily struggles that keep them in constant anxiety. Housing and keeping their cars running. The system is not going to hold if this keeps up. People can&#x27;t live in this constant stress and anxiety with no hope and are going to look to some way out. In the past in other countries that&#x27;s been far left or far right political charlatans. Yet the people up high still expect the status quo to hold and are doing nothing to make things better.
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shmatt大约 2 年前
EVs are the way to go right now. Between the &quot;fleet&quot; loophole for federal credits, state credits, free charging for 2-3 years in some cases, discounted charging at night, manufacturers trying to get rid of the EVs that didn&#x27;t succeed, no sales tax in some states. It&#x27;s probably 50% cheaper than an ICE car
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cs702大约 2 年前
...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.<p>In short, both <i>cars themselves</i> and <i>car-financing</i> are more expensive.
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yamtaddle大约 2 年前
We make like 3-3.5x household median for our city and I can&#x27;t imagine buying a new car. The prices are batshit crazy. In the late &#x27;00s budget cars existed at like <i>$9k new</i> and $20k would get you a pretty damn good vehicle. Now that barely gets you a pretty damn good <i>seven-year-old, used</i> vehicle.
Toutouxc大约 2 年前
From the Washington post article:<p>&gt; Ramirez, 33, and his wife Angelica Castro-Calle really want a new, small SUV with a little space for camping and paddleboarding gear<p>&gt; Johnny Loredo and his wife paid $38,000 for a new Nissan Frontier truck<p>&gt; If they hadn’t had a used Suburban to trade in<p>Yeaah. That could be the issue. People aren’t looking to buy cars anymore, but tanks.
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lapcat大约 2 年前
Honda dropped the lowest priced Civic LX model from their 2023 lineup <a href="https:&#x2F;&#x2F;www.caranddriver.com&#x2F;news&#x2F;a41612385&#x2F;2023-honda-civic-pricing&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.caranddriver.com&#x2F;news&#x2F;a41612385&#x2F;2023-honda-civic...</a> but then backtracked because of customer demand. <a href="https:&#x2F;&#x2F;www.motorbiscuit.com&#x2F;honda-civic-lx-returns-2023-cheapest-honda-civic-back&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.motorbiscuit.com&#x2F;honda-civic-lx-returns-2023-che...</a>
skybrian大约 2 年前
US vehicle sales were up in April [1], [2], so someone is buying them.<p>[1] <a href="https:&#x2F;&#x2F;economics.td.com&#x2F;us-vehicle-sales" rel="nofollow">https:&#x2F;&#x2F;economics.td.com&#x2F;us-vehicle-sales</a> [2] <a href="https:&#x2F;&#x2F;fred.stlouisfed.org&#x2F;series&#x2F;ALTSALES" rel="nofollow">https:&#x2F;&#x2F;fred.stlouisfed.org&#x2F;series&#x2F;ALTSALES</a>
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Spivak大约 2 年前
This article is kinda missing it. New vehicles are have always been a luxury for people with money to waste. Unless you get some crazy deal and financing they&#x27;re never a good financial decision.<p>Well that used to be true, the actual painful thing going on with the car market right now is that in some ridiculous twist of events is that used costs more than new for a lot of vehicles. So yes new cars are more expensive, but used cars are <i>a lot</i> more expensive which hollows out the market that serves the average car buyer.
ericmay大约 2 年前
Another blow against the &quot;cars = freedom&quot; mantra we have so wrongly pursued for 50+ years. Now that prices are up and highway maintenance costs are continuing to increase you have no alternative but to open your wallet for the automakers and state departments of roads and highways bureaucrats because guess what, they&#x27;ve legislated your density and your sidewalks and bike lanes away and stopped you from taking the train.
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egman_ekki大约 2 年前
People should check car prices in Denmark and then they wouldn’t feel so bad about prices in the US.<p>Kia Rio starting at $32k, with median salary 15% lower than the US.
falcolas大约 2 年前
If you&#x27;re purchasing a new vehicle for over $40k, you&#x27;re getting scammed IMO. There&#x27;s a lot of great electric and hybrid vehicles with good reliability history.<p>But if you want to look like a _____ in a lifted dodge ram, well, we&#x27;ll be happy to give you plenty of room on the road to roll your coal.
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skrtskrt大约 2 年前
I think people tend to miss an important aspect of this conversation:<p>Cars as a whole are massively much more reliable for a lot longer than they used to, making used cars way more viable for most people.<p>Even the traditionally less-reliable brands are not exploding at 70k miles like they did 15 or 20 years ago.
danielvaughn大约 2 年前
I&#x27;m speaking out of ignorance here, since I have no idea what role a microchip plays in modern vehicles, but obviously it&#x27;s geared towards software components.<p>Assuming that&#x27;s true, then this whole chip shortage would have been a great time for someone to bring a software-less, low-tech vehicle to the market. I&#x27;ve personally been wanting that as our last vehicle completely shit the bed when the digital transmission encountered an error. Plus I hate touch screens in cars.
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driverdan大约 2 年前
Seems like this should link to the source: <a href="https:&#x2F;&#x2F;www.washingtonpost.com&#x2F;business&#x2F;2023&#x2F;05&#x2F;07&#x2F;new-car-market-high-interest-rates&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.washingtonpost.com&#x2F;business&#x2F;2023&#x2F;05&#x2F;07&#x2F;new-car-m...</a>
tb_technical大约 2 年前
Yep! But that&#x27;s ok! Now we can all ride bakfeits, which are perfect for most American&#x27;s needs and will make us thinner and healthier!
SkipperCat大约 2 年前
A quick trip on the Googles:<p>2023 Nissan Versa - $17,366 2023 Kia Rio - $18,371 2023 Mitsubishi Mirage - $17,140<p>Just sayin....
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gaudat大约 2 年前
Just join the motorcycle club...
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helen___keller大约 2 年前
&gt; Back in 2017, if you wanted a car that cost less than $20,000, you had 11 options. Fast forward to March of 2023, and that list had been narrowed to only two.<p>The story here is just “inflation happened”
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