I was watching a video this morning & the guy was talking about the strike and repeating the theory that the big 3 want this strike & in his view because they've been having a harder and harder time selling the behemoths they produce, maybe not as much because people don't want them as they can't afford them. This has led to large inventories that are sitting on lots, and rather than explain to their shareholders that they have to throttle back production because their product isn't selling, they've got the built-in excuse of the strike. Makes sense to me.
My girlfriend's daughter is in need of a new beater after hers crapped out a couple weeks ago. This past weekend we were out & about & for shits & grins we popped into three local car dealers, Chevy, Ford & Honda. Honda had a handful of 'certified' used cars and a few new ones, not much different than the past couple years; the cars were reasonably priced, sort of, they had a bunch of 2 to 3 year old civics and accords with between 20,000 & 40,000 miles in the low 20k range, stickers on the new cars were probably 20-25% higher than pre-2020, manageable prices overall. Ford and Chevy? Rows and rows of giant pickup trucks and a handful of giant SUVs but NO CARS. The Chevy dealer had ONE Trailblazer, which I guess could be considered a car, or crossover... The prices on these pickups were insane, 60, 70, 80k? WTF
They aren't pickups anymore, haven't been for a while, they're pickup truck shaped luxury ocean liners. I guess I can't blame the big three, they build what people want, so it's probably more our own fault we've created this beast & now the average Joe can't afford to buy one anymore.
I bought my first dumpy house 30 years ago for 80k, the cost of some of these trucks, so I plugged that into an auto calculator, with nothing down at 7% over 5 years the payment is $1,760/month.
Seriously how many families in 2023 America can swing a car payment of $1,760 in addition to probably a second car payment for the wife, a mortgage, & a couple screaming hungry kids?
https://www.calculator.net/auto-loan-calculator.html?csaleprice=80,000&cmonthlypay=750&cloanterm=60&cinterestrate=7&cincentive=0&cdownpayment=0&ctradeinvalue=0&ctradeinowned=0&cstate=PA&csaletax=8&ctitlereg=2,500&cttrinloan=1&printit=0&ctype=standard&x=Calculate#autoloanresult
Ford doesn't really make any cars anymore except the Mustang.
Interesting video at link, real?
https://www.fox2detroit.com/video/1284474
Bystander starts brawl with striking Stellantis UAW members in Center Line
Its the Big 2I hadn't realized it but I just checked the websites of the big 3 and the last "American" cars you can buy are Mustang, Camaro, Corvette, Malibu, Charger, and Challenger
I saw this exact thing when the strike first happened. There's no reason to stop it and it's only going to benefit the car manufacturers by keeping prices higher and shrinking their growing inventories.I was watching a video this morning & the guy was talking about the strike and repeating the theory that the big 3 want this strike & in his view because they've been having a harder and harder time selling the behemoths they produce, maybe not as much because people don't want them as they can't afford them. This has led to large inventories that are sitting on lots, and rather than explain to their shareholders that they have to throttle back production because their product isn't selling, they've got the built-in excuse of the strike. Makes sense to me.
My girlfriend's daughter is in need of a new beater after hers crapped out a couple weeks ago. This past weekend we were out & about & for shits & grins we popped into three local car dealers, Chevy, Ford & Honda. Honda had a handful of 'certified' used cars and a few new ones, not much different than the past couple years; the cars were reasonably priced, sort of, they had a bunch of 2 to 3 year old civics and accords with between 20,000 & 40,000 miles in the low 20k range, stickers on the new cars were probably 20-25% higher than pre-2020, manageable prices overall. Ford and Chevy? Rows and rows of giant pickup trucks and a handful of giant SUVs but NO CARS. The Chevy dealer had ONE Trailblazer, which I guess could be considered a car, or crossover... The prices on these pickups were insane, 60, 70, 80k? WTF
They aren't pickups anymore, haven't been for a while, they're pickup truck shaped luxury ocean liners. I guess I can't blame the big three, they build what people want, so it's probably more our own fault we've created this beast & now the average Joe can't afford to buy one anymore.
I bought my first dumpy house 30 years ago for 80k, the cost of some of these trucks, so I plugged that into an auto calculator, with nothing down at 7% over 5 years the payment is $1,760/month.
Seriously how many families in 2023 America can swing a car payment of $1,760 in addition to probably a second car payment for the wife, a mortgage, & a couple screaming hungry kids?
https://www.calculator.net/auto-loan-calculator.html?csaleprice=80,000&cmonthlypay=750&cloanterm=60&cinterestrate=7&cincentive=0&cdownpayment=0&ctradeinvalue=0&ctradeinowned=0&cstate=PA&csaletax=8&ctitlereg=2,500&cttrinloan=1&printit=0&ctype=standard&x=Calculate#autoloanresult
I hadn't realized it but I just checked the websites of the big 3 and the last "American" cars you can buy are Mustang, Camaro, Corvette, Malibu, Charger, and Challenger (I didn't go into luxury brands, I suspect theres still a Cadillac and maybe a Lincoln) And if I'm not mistaken, several of those already have their sunsets on the calendar. Even all the EVs are more crossover than car.
Its the Big 2
Chrysler isnt domestic
Sold to the Italians
I thought you were joking….but you were right.Avg Cost of a new car in America is like $48K. If you want a 5 year loan and a payment at or under $500 a month, you're gonna need to front $28K between trade in and down payment. I don't know many people who can do this, but yet I see brand new cars everywhere.
Ford doesn't really make any cars anymore except the Mustang.
And this is why you see 6, 7, & 8 year car loans now. Probably won't be long until we see 10 year car loans. Wages aren't going to keep up with inflation, so it's only going to get worse.
Avg Cost of a new car in America is like $48K. If you want a 5 year loan and a payment at or under $500 a month, you're gonna need to front $28K between trade in and down payment. I don't know many people who can do this, but yet I see brand new cars everywhere.
I don't even know whey we bother calling them car dealerships anymore, they're really truck depots at this point. Man Detroit has really pigeon-holed itself, & when you add the borderline catastrophe that is their EV divisions, pile on the worker's current demands, it's a fairly bleak outlook
They aren't pickups anymore, haven't been for a while, they're pickup truck shaped luxury ocean liners. I guess I can't blame the big three, they build what people want, so it's probably more our own fault we've created this beast & now the average Joe can't afford to buy one anymore.
When I travel I rarely rent a car, maybe if it's a nice day and they have a convertible. Most of the time I grab an SUV for the higher seating position and easier luggage access.
We can thank our overlord .gov for part of this. They came up with a mileage / emissions standard based on vehicle " footprint" size.
The larger it is , the less it has to comply with. The companies jumped on this with both feet are new buyers are left buying medium duty sized pickups thanks to Washington meddling with the market.
Its the Big 2
Fiat Chrysler isnt domestic
Corporate HQ in Amsterdam
Financial HQ in England
Majority stake owned by the Italian Agnelli family
I have no sympathy for the UAW. Their greed and strive for mediocrity through socialist mentality has contributed to the Big 3's transition to the Big 0, without a doubt. Management shares the blame for certain, but the UAW ain't clean. Just like government and corporations are too big, so goes the unions.
You've now pointed this out twice in this thread, but you're looking at it wrong. The "Big 3" moniker was for the three top-selling automotive companies, regardless of country of ownership. I first heard it in the 70s, but I think it originated in the 60s, or even the 50s. For decades, it was GM, Ford, Chrysler, in that order. Using your methodology above, where only American-owned companies in the top three are counted, they are now the Big 0. Here's the sales ranking in 2023 for car companies:
Source: Focus2Move
- Toyota
- Volkswagen
- Hyundai-Kia
- Stellantis
- Renault Nissan Alliance
- General Motors
- Ford
- Honda
- Suzuki
- BMW
What's amazing to me is how quickly the Koreans took over #3. They really know how to sell a car (price, price, price)! Knowing a few Hyundai owners and having worked on their cars with them, I am saddened by that. The first gen "Veloster" is an absolute hot mess!
I have no sympathy for the UAW. Their greed and strive for mediocrity through socialist mentality has contributed to the Big 3's transition to the Big 0, without a doubt. Management shares the blame for certain, but the UAW ain't clean. Just like government and corporations are too big, so goes the unions.
I am surprised Subaru is not on that list...at least here in the North East there are a ton of them...my family owns 3.
Yet most people of my acquaintance do NOT want the fucking tech, although many do want the big size. If I were to get back into RVs and buy a fifth wheel, I would HAVE to buy an older truck. Pulling a trailer - esp. a fifth-wheel - with one of these double cab school busses with a vestigial bed is NOT my idea of fun. Never mind how fucking big/high the damn things are. Wife and I were talking about this just yesterday while we were out in traffic. She said "There's a nice truck" - it was a mid-aughts single cab Dodge with an eight foot bed (and no fucking "technology" I'm sure). Contrast to the Silverado in the next lane with tires so big that they came above my head - and it was a half ton truck! WTF? Insert rant {HERE} about the nonsensical tech running up the price by $20K and the reliability down into the toilet....we've certainly made our preferences well known as a country & that is the bigger, fatter and more tech laden the better. I believe the unintended consequences however have greatly contributed to the current unaffordability quagmire we find ourselves in.
<— just received a $4100 quote to replace the clutch and rear cat ($680) on my '13 Outback. Looks like I'll go DIY for ~$1000 in parts.
Currently shopping for a new daily driver. Requirements: 1. I fit (~6'5"), no CVT. Desirements: manual trans, under $30k, 30mpg city.
