So the average transaction price for a new vehicle is just shy of $48000. It blows my mind that people are buying such expensive vehicles and then complaining they can’t afford them. We bought a new vehicle 3 months ago and its price is only half that amount. Yet it comfortably seats two adults and two kids.
There are plenty of vehicles for sale under $30k. But the people are choosing not to buy them. 🤷♂️
I can’t phantom spending more than $25k on a new car (for myself, I don’t need a family vehicle). I’m in the market for a used car around $15k and even that seems steep. With this article saying average prices are around $40k and 82% of Americans make under $100k, I have to assume people are seriously struggling to afford anything if much of it is going towards car expenses. And that’s just for a car, not to mention housing, food, etc.
Edit: oh…
Manufacturers cite disappointing sales results as primary reasons for discontinuing smaller, more affordable vehicles from their lineup," Yoon explained.
“But car buyers’ preferences have also shifted dramatically to larger trucks and SUVs in the past 10 years or so, and even more towards high-tech and comfort amenities in the form of cameras, sensors, radars and large infotainment screens,” he said.
Yeah, I’d be a-okay with an fm radio and roll down windows in a compact hatchback, thanks. You people with your fancy cars. It’s all going to be trash with the flick of a firmware update.
Yeah, I’d be a-okay with an fm radio and roll down windows in a compact hatchback, thanks. You people with your fancy cars. It’s all going to be trash with the flick of a firmware update.
Nobody makes fun of my wife’s little econobox anymore. 1.2 liter engine, 5 speed, and a radio.
I’ve been seriously considering a 1970’s VW Beetle. My main hesitation / red flag, of all the things that could be a concern with such an old car, is lack of power steering and my need to parallel park in the city.
Speaking as someone who has suffered an original air cooled Beetle, they’re cool but I wouldn’t try to daily it. The lack of power steering would be far, far down your list of issues you will run into.
But for paralell parking a beetle specifically it can be a challenge, because reverse doesn’t work like you expect. You have to push the gear lever down, like straight down toward the ground, and hold it, to put it in reverse. So you have to steer with one hand and hold the shifter with the other.
Section 179 allows you to deduct the entire purchase of a vehicle over 6000 lbs gvw if it's used for at least 50% business use. Farmers are notorious for not paying taxes. I guarantee they use untaxed, dyed diesel in their truck that they drive on roads too.
How is that relevant? Farmers are such a small percentage of the population (3.4M, so 1-2% of America) that they’re not moving the needle much at all. So even if they’re all cheating (highly unlikely) all the time, that’s still not going to change much of anything for the average person.
It’s still a problem, but it has nothing to do with current car prices, gas/diesel taxes, or anything that would impact the average person.
That’s not just in the US. I drive a car I can’t afford either, but it’s a company car so I don’t have to worry about it. It’s still kinda wild to me that asking for a few € raise is seen as impossible but giving me a 50K car isn’t a problem (I know, I know, tax breaks etc).
Exactly. Farmers buy the reasonable trucks, nimbys buy the ridiculous trucks. That’s how it works in my area at least, once I leave suburbia, I see the reasonable trucks owned by people who actually use them as trucks.
No, farmers are buying them to do work. His point is that they couldn’t afford them if there weren’t huge subsidies for farmers. If those subsidies didn’t exist, farmers would still need pickups, so the manufacturers would almost have to come up with cheaper models, or they’d lose sales to companies that do.
I know it’s edgy and popular to blame farmers for a large number of things. But there aren’t enough farmers to buy that many pickup trucks to sustain the sheer number of of them produced.
I wasn’t blaming farmers for anything. I was holding them up as an example of someone that legitimately likely needs a pickup. And if tax breaks are available to them, why shouldn’t they take advantage of them? You can argue the subsidies shouldn’t be there, and perhaps they shouldn’t, but they are, and I don’t blame people for taking advantage of them.
Similar situation: Education has gotten so expensive, possibly because student loans are so readily available. If there were no loans available, few people could afford college, so it seems very likely the colleges would find ways to make it less expensive…or a bunch would go out of business.
A farmer wouldn’t buy an $80k CAD light-duty truck, especially when they start out at $50k CAD, that’s a waste of their money. Any farmer that did that wouldn’t be a farmer for long.
If a truck cost $80k, I can assure you it would be a heavy-duty diesel flatbed, cargo trailer hauler, or even a dump truck with roll-down windows, no AC, no creature comforts and likely even no radio much less an infotainment system.
Farmers aren’t morons unless they want to go bankrupt. They get that which can best allow them to do their job, not fancy pavement princesses.
Source: orchardist. None of my vehicles are newer than two decades old. Nor would I ever buy a modern consumer monstrosity to do the work.
Over 90% of the pavement princesses I see in the $80-150k CAD range are driven by people who don’t own more than a quarter acre of land in totality. A fair number don’t even own land at all (renters), and lease what they drive. Not a pot to piss in, but they just have to have the biggest penis-extender on the road.
Go to the USDA and pick a farming state and you can see how many farmers in how many counties are getting between $100k to millions TO NOT FARM! (It’s most of them)
The local Ford and Chevy dealers will have the trucks lined up when the checks come out.
But car buyers’ preferences have also shifted dramatically to larger trucks and SUVs in the past 10 years or so, and even more towards high-tech and comfort amenities in the form of cameras, sensors, radars and large infotainment screens," he said.
You can’t buy a smaller truck because the manufacturers lobbied that large trucks are exempt from stricter emissions and thus they don’t have to engineer a smaller, more efficient truck.
Had an 84 Toyota pickup, can confirm that thing would be classified as a compact car nowadays. Funny thing, it had a longer bed than many current full size truck.
I have this weird little vehicle from the 1980’s. I can best describe it as a Japanese Jeep. It wasn’t ever a “big” vehicle, but seeing it next to a modern truck is jarring.
The best part is, I know from direct repeated personal experience that the 60 horsepower 4wd can go more places than a typical 4wd truck.
EDIT: Also, the truck in this picture is a 2004-2008, a 2023 is even bigger…
Ford’s only car on offer is the Mustang, everything else is some kind of compact SUV, full size SUV, or truck. Other automakers are similar (some offer more sedans and hatches still). Guess I won’t be buying a Ford when I need a new car.
I really liked my focus. And when I went to buy a new one they tried to sell me a hideous SUV. I’m not bringing any kids to soccer, I don’t want your gas guzzler. I bought a Subaru because they still make cars. Tall vehicles suck ass to drive and I wish more people realized it.
I kind of doubt that. Mustangs exist in part to bring buyers into the dealers. They actually buy a new Edge or Explorer, because there’s now a link in the buyer’s mind between Mustang performance and Edge performance. Same with Corvettes and Chevrolet dealers, for example. Halo cars.
The kicker is that that engineering has already been done because small trucks exist in other countries. Several Japanese automakers sell kei trucks in their domestic market. They could sell them in the US with minimal modification.
Crash certified bumpers to 5mph Engineered crumple zones Re-enforced A and B pillars Re-enforced doors Air bags
And I’m quite sure I’ve forgotten more than one other thing they would need to add Kei style trucks to make them roadworthy in many states. And once you make those upgrades, plus the cost of all the federal testing that would be needed, how much do you think one of those little trucks would cost?
There is also the trifle that they’d need to be redesigned to place the driver controls on the left. And then of course nobody would buy them even if they were exempt from most of that, because they were made to do 25km/h through Japanese villages and are not well suited for American freeway use.
Some of that is due the chicken tax (post WW2 tax on imported trucks passed in retaliation to a tax on chickens…) Thankfully “small” trucks are having a resurgence. The Ford Maverick has sold extremely well and rumors are other brands are planing to re-enter the small truck market.
A 2024 Maverick has a wheelbase of 120" and curb weight of 3600 pounds. In 1991, Ford’s compact pickup, the Ranger, had a wheelbase of just 108" and curb weight of 2800 pounds. “Small” trucks have gained a foot and half a ton. The Ranger itself is now a 5000 pound behemoth that outweighs the 1990 F-150 by 1000 pounds.
And you can’t buy a new car without those high tech things. And also this shit isn’t “high tech” anymore. Large screens are dirt cheap. Aftermarket rear view cameras are going out to eat money. Idk about radar and sensors but as technology matures and becomes cheap it finds its way into every car. A budget car should be nicer now than 20 years ago because nice things have been around longer.
You’d need huge investment in high speed rail. Tokyo to Osaka is about the same distance as Chicago to Des Moines Iowa. 3hr train vs 5 hr car ride. We could do it… But the density of travel between those locations would make a project like that a very poor investment, so the government would have to pay the bill knowing it would be at a loss.
Then you build this rail.
That’s the easy part.
Now I have to convince Des Moines to invest in better bus systems or trolleys to get people around in the city and the outlying residential areas. This is where these projects fall flat. Getting local municipalities to invest in public transit. Hundred people get off in Des Moines and unless someone is there waiting for them or they have their bike or left their car there. They’re stranded.
Its not sexy. It won’t get you re elected. It won’t be done in your term.
Cars were the infrastructure that allowed sprawling development. People could drive out to the middle of nowhere, buy some land, and build a house and a grocery store. Towns didn’t need a train station or a bus station to grow, and neighborhoods could be located farther from the noise and pollution of high-traffic areas.
It’s not good or bad, it’s just what it is. Cars are a part of the fabric of American society. Chasing civilization with train tracks and subways will cost far more now than if we had built our residential neighborhoods around public transit. But that’s not what happened.
Add comment