November 21, 20213 yr 3 minutes ago, flyerdog said: nailed it....I've had this discussion with a lot of people...in essence, we are a spoiled, entitled culture: We want it NOW, We want it CHEAP, and we want it WITHOUT RESTRICTION... I remember years ago when gas prices first spiked to the mid $3s (2006?)...suddenly people with huge gas guzzlers were scrambling to trade in for Honda Civics, and Toyota Corollas...Dealerships were filling up (no pun intended) with trade in trucks and SUVs....and GEO Metros were going for stupid prices pre-owned... so somehow the old cliche about "I want a big car for safety" went out the window... maybe some good that might come from this is that people will hold on to things longer....maybe people will get things fixed instead of saying "just get a new one"..ergo maybe we will see some repair and service industries make a comeback? I'm no economic expert by any means...but wouldn't this manifest in more prudent spending by necessity? People are keeping their cars longer though: Americans Are Keeping Their Cars Longer, as Vehicle Age Hits 12 Years - WSJ
November 21, 20213 yr 24 minutes ago, Dave Moss said: People are keeping their cars longer though: Americans Are Keeping Their Cars Longer, as Vehicle Age Hits 12 Years - WSJ "They don't make em like they used to" is a good thing when it comes to cars.
November 21, 20213 yr 3 minutes ago, JohnSnowsHair said: "They don't make em like they used to" is a good thing when it comes to cars. Oh for sure.
November 21, 20213 yr 1 hour ago, JohnSnowsHair said: "They don't make em like they used to" is a good thing when it comes to cars. depends on the era yes? 60 & 70s - US autos were good quality 80s - US Autos were total crap as they hadn't figured out how to compete with Japan on more economical vehicles 90s - Korea enters the Market, total crap at first but now much more respectable 2000s - the hybrid revolution begins... 2010s - The Electric revolution begins
November 21, 20213 yr 9 minutes ago, flyerdog said: depends on the era yes? 60 & 70s - US autos were good quality 80s - US Autos were total crap as they hadn't figured out how to compete with Japan on more economical vehicles 90s - Korea enters the Market, total crap at first but now much more respectable 2000s - the hybrid revolution begins... 2010s - The Electric revolution begins Yeah, it also depends on the specific model and what part of the car you're talking about. A lot of older engines will run 250K+ miles with no major problems as long as you maintain them correctly. I'd say mid term reliability has improved which is what most consumers want.
November 21, 20213 yr 1 hour ago, TEW said: Yeah, it also depends on the specific model and what part of the car you're talking about. A lot of older engines will run 250K+ miles with no major problems as long as you maintain them correctly. I'd say mid term reliability has improved which is what most consumers want. is it? or is it that we have been conditioned to look for new vehicles sooner than normal with the advertising, incentives and easy financing that is now available...IOW..has the consumer influenced the market or have market tactics influenced a paradigm shift in car ownership? genuinely asking .... when I bought a new car in 2017...one year later the dealership was offering me "unprecedented trade in value for my pre-owned vehicle, plus special financing offers for qualified buyers..." couldn't believe that only a year later they were plugging this...
November 21, 20213 yr 13 minutes ago, flyerdog said: is it? or is it that we have been conditioned to look for new vehicles sooner than normal with the advertising, incentives and easy financing that is now available...IOW..has the consumer influenced the market or have market tactics influenced a paradigm shift in car ownership? genuinely asking .... when I bought a new car in 2017...one year later the dealership was offering me "unprecedented trade in value for my pre-owned vehicle, plus special financing offers for qualified buyers..." couldn't believe that only a year later they were plugging this... I just leased my first vehicle yesterday. I'll probably just end up getting 2 and 3 year leases from now on since I don't drive much.
November 21, 20213 yr Cars last longer, so resale values are pretty strong. Dealers make money by trying to redeploy cars over and over. If they get you to trade in a car that's only a year or two old, they get you into a new car AND get an additional sale with the used car I'd imagine.
November 21, 20213 yr 30 minutes ago, flyerdog said: is it? or is it that we have been conditioned to look for new vehicles sooner than normal with the advertising, incentives and easy financing that is now available...IOW..has the consumer influenced the market or have market tactics influenced a paradigm shift in car ownership? genuinely asking .... when I bought a new car in 2017...one year later the dealership was offering me "unprecedented trade in value for my pre-owned vehicle, plus special financing offers for qualified buyers..." couldn't believe that only a year later they were plugging this... 15 minutes ago, Boogyman said: I just leased my first vehicle yesterday. I'll probably just end up getting 2 and 3 year leases from now on since I don't drive much. I think this is it. A lot of people are leasing new vehicles rather than buying. It makes sense unless you’re driving a lot of miles and plan to own and use your car long term without replacing it. Basically, why put more money down with higher monthly payments and finance for 6+ years when you can simply get a new car every 3 years or so with smaller monthly payments and less money down? 10 minutes ago, JohnSnowsHair said: Cars last longer, so resale values are pretty strong. Dealers make money by trying to redeploy cars over and over. If they get you to trade in a car that's only a year or two old, they get you into a new car AND get an additional sale with the used car I'd imagine. Resale values are strong right now because manufacturers can’t keep up with demand and there is a large portion of the population that can’t afford new.
November 21, 20213 yr 8 minutes ago, TEW said: Resale values are strong right now because manufacturers can’t keep up with demand and there is a large portion of the population that can’t afford new. Resale values have been strong for the last generation of vehicles compared to previous generations is my point. But yes absolutely, new car shortages have helped drive used car prices way up in the last year. On top of that a used car shortage as fewer trade-ins are coming in (related to new car shortages) coupled with rental fleets holding on to their vehicles longer has created a shortage of used cars, causing more upward pressure. It's all part of why car dealers are begging people to trade in their vehicles.
November 21, 20213 yr 16 minutes ago, JohnSnowsHair said: Resale values have been strong for the last generation of vehicles compared to previous generations is my point. But yes absolutely, new car shortages have helped drive used car prices way up in the last year. On top of that a used car shortage as fewer trade-ins are coming in (related to new car shortages) coupled with rental fleets holding on to their vehicles longer has created a shortage of used cars, causing more upward pressure. It's all part of why car dealers are begging people to trade in their vehicles. Unfortunately most dealerships have nothing to trace in for. So you trade in yours for what exactly? Another overpriced used car? Or a new one with no cash incentives. My buddy lucked out, he bought a truck used before all of this started for 5,000 grand. So he wasn't using his Chevy Malibu that was a 2017, the dealership where he got the car called..... He owed 8,000 it was worth about that resale. Dealership cut him a check for 12,000 bucks to buy it back. Lucky bastid
November 21, 20213 yr Right. Fewer new cars means there's also fewer trade-ins, which means supply of used cars is negatively affected. Drives the cost of used cars up. Couples with people who want new but have to turn to the used car market and it's doubly bad.
November 21, 20213 yr 4 hours ago, Dave Moss said: People are keeping their cars longer though: Americans Are Keeping Their Cars Longer, as Vehicle Age Hits 12 Years - WSJ yes...but as we've discussed, that could be cost and supply related? but my initial point was that people were getting a 10 seater vehicle for a family of three...essentially it was vanity...many people just LIKE big vehicles.. because many of those same people were trying to trade in for compact cars once that price spike happened... as a culture we are USED to everything at our fingertips..in unlimited supply and for cheap..with no limit and once even ONE of those parameters gets compromised..society tends to flip out...and often start spewing about "rights"..among other things
November 21, 20213 yr 23 minutes ago, Bwestbrook36 said: Unfortunately most dealerships have nothing to trace in for. So you trade in yours for what exactly? Another overpriced used car? Or a new one with no cash incentives. My buddy lucked out, he bought a truck used before all of this started for 5,000 grand. So he wasn't using his Chevy Malibu that was a 2017, the dealership where he got the car called..... He owed 8,000 it was worth about that resale. Dealership cut him a check for 12,000 bucks to buy it back. Lucky bastid I just got an Outback on a three year lease yesterday. They gave me way more for my trade in than I thought I would get or that any sane person would have paid me for it. It almost feels like they are paying me to drive a car for the next 3 years for how little I'm paying.
November 21, 20213 yr 1 minute ago, Boogyman said: I just got an Outback on a three year lease yesterday. They gave me way more for my trade in than I thought I would get or that any sane person would have paid me for it. It almost feels like they are paying me to drive a car for the next 3 years for how little I'm paying. I inquired about trading in mine at my dealership but, they literally have nothing but, the same damn car i would be trading in lol. I was hoping to make a deal. Oh well no biggie my car only has 13,000 miles on it I'm good for awhile. How is the outback? I always had a love hate for them. They kinda look cool yet they are a wagon and I didn't want to be called a lesbian lol
November 21, 20213 yr 1 minute ago, Bwestbrook36 said: I inquired about trading in mine at my dealership but, they literally have nothing but, the same damn car i would be trading in lol. I was hoping to make a deal. Oh well no biggie my car only has 13,000 miles on it I'm good for awhile. How is the outback? I always had a love hate for them. They kinda look cool yet they are a wagon and I didn't want to be called a lesbian lol I have had many good experiences with multiple Subaru's in my life. I went to drive a Forester and an Outback, thinking I would like the Forester a lot better. The Outback drives really nice. It handles like a much smaller and lighter car, but still feels like you are driving a big solid vehicle. Very comfortable ride and with me having 2 kids at home it's pretty much the perfect size. I had been driving a small crap car for the fuel mileage so my opinion is probably inflated a bit lol.
November 21, 20213 yr 2 minutes ago, Boogyman said: I have had many good experiences with multiple Subaru's in my life. I went to drive a Forester and an Outback, thinking I would like the Forester a lot better. The Outback drives really nice. It handles like a much smaller and lighter car, but still feels like you are driving a big solid vehicle. Very comfortable ride and with me having 2 kids at home it's pretty much the perfect size. I had been driving a small crap car for the fuel mileage so my opinion is probably inflated a bit lol. I do like the look of the new ones. I saw a commercial for it, does not look like as much of a wagon as some of the other years.
November 21, 20213 yr Just now, Bwestbrook36 said: I do like the look of the new ones. I saw a commercial for it, does not look like as much of a wagon as some of the other years. Yeah it looks more like an off road vehicle than the older ones did. Getting back to the shortages though, they only had 2 on the lot.
November 21, 20213 yr 2 minutes ago, Boogyman said: Yeah it looks more like an off road vehicle than the older ones did. Getting back to the shortages though, they only had 2 on the lot. Yes, that's what I'm talking about. My dealer is a Chevy dealer. They have like 4 trucks and 15 equinoxes which is what I have, so no point in trading in. The Ford dealer seems to have a full lot now though.... Does Ford make their own chips? I know some of their cars have Mazda wiring in them though.
November 21, 20213 yr 2 minutes ago, Bwestbrook36 said: Yes, that's what I'm talking about. My dealer is a Chevy dealer. They have like 4 trucks and 15 equinoxes which is what I have, so no point in trading in. The Ford dealer seems to have a full lot now though.... Does Ford make their own chips? I know some of their cars have Mazda wiring in them though. Not sure about Ford and chips. You should keep an eye your dealers lot though, you may be able to get a cheap or free upgrade if they get anything decent on the lot. I myself used to love cars and now they are so far down on my priority list I rarely even think about them. I sold a twin turbo mustang that I did a lot of work building up when my daughter was born and have owned boring vehicles ever since.
November 21, 20213 yr 21 minutes ago, Boogyman said: Not sure about Ford and chips. You should keep an eye your dealers lot though, you may be able to get a cheap or free upgrade if they get anything decent on the lot. I myself used to love cars and now they are so far down on my priority list I rarely even think about them. I sold a twin turbo mustang that I did a lot of work building up when my daughter was born and have owned boring vehicles ever since. I need to hold off for awhile, I keep rolling debt on top of the next car loan to often. I'm going to pay a car down for once so the next one I'm not getting a ridiculous payment for a not so fancy car lol. I love getting new cars though always have, by the time I was 30 I had 15 different cars lol. I'm 40 now and up to 18 so I have slowed down some lol.
November 21, 20213 yr 10 minutes ago, Bwestbrook36 said: I need to hold off for awhile, I keep rolling debt on top of the next car loan to often. I'm going to pay a car down for once so the next one I'm not getting a ridiculous payment for a not so fancy car lol. I love getting new cars though always have, by the time I was 30 I had 15 different cars lol. I'm 40 now and up to 18 so I have slowed down some lol. I love new cars too. I just realize the rush of the car being new wears off way before the payments stop coming. I still miss the feeling of stomping on the accelerator and feeling those 800 horses push me back in my seat though.
November 21, 20213 yr 6 minutes ago, Boogyman said: I love new cars too. I just realize the rush of the car being new wears off way before the payments stop coming. I still miss the feeling of stomping on the accelerator and feeling those 800 horses push me back in my seat though. I never had anything that extreme, had a Firebird and a TransAm nothing crazy stock engines on both. Still a lot of fun though!
November 21, 20213 yr 6 minutes ago, Bwestbrook36 said: I never had anything that extreme, had a Firebird and a TransAm nothing crazy stock engines on both. Still a lot of fun though! Yeah all those rear wheel drive "bricks" that have a bit of power are fun to drive.
November 21, 20213 yr 1 minute ago, Boogyman said: Yeah all those rear wheel drive "bricks" that have a bit of power are fun to drive. The TransAm I had was the first sports car I ever owned. It was an 86 black. Floored it like a moron going around a turn took it sideways or basically drifting lol.. Here comes a car the other way, I'm like F!! Luckily didn't panic to much swung the ass end back into the correct lane pulled off the side to take a breather and gather myself a bit lol.
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