Posted on 10/14/2021 9:14:18 PM PDT by SeekAndFind
Don’t blame the dealers.
They can’t sell what they don’t have.
This is on the automakers.
And what’s happening now, the transition from the new car dealer to a service center with an order window, is something the manufacturers have wanted for years.
Note to new car salespeople: Hope you’ve got a Plan B if you don’t plan to train as an auto tech. Most of your jobs are not going to survive.
I’m stuck with my 2003 Buick for a couple more years.
It’s all about the 6 year loans.
7 now...
I once owned an old Datsun pickup I used to haul trash and stuff around the farmhouse. It was quite possibly the ugliest vehicle in the US.
But, it always cranked, and servicing it was akin to servicing my mower lol.
The most I ever paid for a vehicle was $16,000, a 4 year old Ford Explorer Sport Trac with 19k miles. It is now 16 years old with 112k. I will drive it until I die.
Full disclosure: I paid $16k for my 2016 Street Glide with 5k miles. I expect it to kill me. Almost did last March, 68 year old Meth Head knocked me off it, drug me 90 ft. Four broken ribs and punctured lung.
His insurance is making a big deal about the Cop's body cam where I am begging the EMT to "let me up for just 5 minutes, here hold my gun..."
No, but put yourself in the shoes of a car dealer. New cars are in short supply and in order to meet payroll, facility rent and taxes they must make a certain total markup on the sum of the cars they sell each month.
In normal conditions this might be accomplished by selling more cars at lower markup. But now there are fewer cars so markup must be higher.
Scarce chips are being put into the most expensive models, so they’re the ones being delivered to dealers.
Lots of people are doing very well in this economy.
“Cumulative rate of inflation: 382.1%”
Going from 6600 to 31818.03 from 1976 to 2021 is an annual percent increase of about 3.5%.
in excel that’s
=6600*1.035^45 which gives 31035.57.
My first car??? 1957 Pontiac 2 door hardtop-—$2200.
ONLY NEW car==1965 Pontiac station wagon==$3434.
My parents custom built 6,000sq/ft + home with a creek in the back in Minnesota cost $43,000 in 1962.
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