Any well running gasoline powered car will be prized as the government moves to make new sales mostly EVs.
Final paragraph of the article:
“”We’re unlikely to go back to pre-pandemic levels. Vehicles cost way more now,” Frey said regarding used car pricing. “The landscape has changed. [Automakers] are not manufacturing as many as they have because they got the taste of gold — huge profits from not having so many vehicles in manufacturing.””
We’ll all be like Cuba, driving 50 year old cards held together with duct tape and chicken wire because you can’t get a decent new car.
True. I’m thinking my next vehicle will be a diesel...I can make my own biodiesel as long as people are still frying food.
My last two cars have been 2008/2009 Mercedes Benz E350s. I’ve gotten close to 400,000 miles out of them so far. All of my next cars will be 2008/2009 Mercedes Benz E350s. I will not comply with the gubmint monitoring systems.
I don’t thing this has anything to do with EVs, which are flailing.
Report the other day how they’re being totaled for minor damage because of the batteries and cost to repair. Pretty soon they won’t be insured.
Anyway, the lady who runs GM said that they’ll never mass produce cars, again, like they have in the past. Too much money being made keeping inventory low.
I guess she’s following orders from her Chinese masters.
https://www.motortrend.com/features/inside-deal-sell-gm-chinas-saic-13985/
General Motors’ Chinese partner, Shanghai Automotive Industry Corporation (SAIC) will take a controlling stake in GM by purchasing the equity sold to the U.S. and Canadian governments during the bailout.
The Chinese don’t have to wage war with us, just bankrupt us.
Can’t afford gas for your car? Buy a $70,000 EV!