Car buying is never going back to normal

[Lee Stewart]

the average monthly payment for a new car is up 26% since 2019 to $718 a month, and nearly one in six new car buyers is spending more than $1,000 a month on vehicles. Other costs associated with owning a car have also shot up, including insurance, gas and repairs.

https://www.nbcnews.com/politics/eco...nomy-rcna61916

[Too Many Projects]

Last new car I bought was in 1990, Cavalier Z24. Only had it 1 year. Everything since then has been 3-5 years old. Wife bought a 2002 Passat new, total POS that we lost our butt on in '07 when we bought her TSX new. Still have that car. Looks like it's 1 year old and runs like a fine watch with 135k on the clock.
No new cars in the foreseeable future here.

[427.060]

I bought a 2022 Silverado back in June. There were not many new trucks available at the time. I found this one online at a dealership about 1 1/2 hours from me. When I got to the dealership to look at the truck I noticed that they had added $5000 to the MSRP. I told the salesman that I liked the truck but not the added $5000. They took the $5000 off of the price. I traded in a 2020 F-150. After they came in with their offer I was able to get them to come up on the trade-in and negotiated a couple thousand off of the MSRP.

[70 copo]

Hey guys we are in a transition!

You have to break what used to work just fine to force everybody into something new.

Besides in a couple of years when all of the unsold EV's stack up on dealer lots unsold they have to blame it on something right?

Relax and enjoy the ride.

[jdv69z]

So these car companies are basing their survival on EV's? What happens when not enough people are willing to buy them?

[John Brown]

Originally Posted by jdv69z

What happens when not enough people are willing to buy them?

.

[GotGrunt]

Originally Posted by jdv69z

So these car companies are basing their survival on EV's? What happens when not enough people are willing to buy them?

That’s when the government steps in, to force you to buy one.

[Dusk Blue Z]

What happened to all the 2020 and 2021 cars and trucks seen on the internet, parked in storage lots that were built and waiting for chips?

[Too Many Projects]

Originally Posted by Dusk Blue Z

What happened to all the 2020 and 2021 cars and trucks seen on the internet, parked in storage lots that were built and waiting for chips?

Good question....probably crushed as obsolete and unsalable as new. Won't be long before "we the people" will be bailing the manufacturers out, again, so they can keep screwing us with our own money. Hey, that sounds a LOT like the gub'ment...

[L_e_e]

There are about 30,000+ scattered around Dearborn, MI right now.