The Car Market is Collapsing
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Published 2024-05-07
Produced by Pyro Studios - www.thepyrostudios.com/
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All Comments (21)
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My car is 24 years old. It runs just fine.
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America has been living beyond it's means for decades.
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I’m driving my car until the wheels fall off! No car payment, and don’t care if my kids are embarrassed because I’m paying for their college! Live below your means you won’t regret it.
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$118,000k for a truck !!! WTF !!!
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A 100k truck... now that's just absurd. Absolutely absurd.
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Car Insurance increased so much so fast that I can't even afford car insurance for my parked car.
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Im glad I bought new Toyota in April 2006. Over 18 years on the road, it still drives like new 👌🏽
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Anything over 30K for a vehicle is insane when my groceries, gas, and housing costs are insane. The American dream has become the American nightmare.
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My 20 year old well-maintained Mercedes SUV only cost me $6000 and performs flawlessly. Why would I want to buy a new one?
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Borrowing money to buy an expensive car is stupidity by stupid people.
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50,000 for junk better to buy 10000 car and spend 5 thousand on it and drive it for 10 years
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Ross Perot saw this eventuality clear back in '91. When NAFTA was getting passed and the 'global economy' was getting birthed. Now we're reaping what has been sown for the last few decades. Our economy depends on consumerism, but most of our middle class jobs were shipped overseas to cheap slave labor markets. So now lots of people are poor and have much smaller incomes. So people have to be frugal which means we arent buying things. I knew globalization was gonna be trouble back in the 90s but no one cared. FF to today, and the reality is finally hitting home.
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We are down to one car in my family; i won't buy one until the prices come down. F them!!!!
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The US has always been a consumer economy and if the consumer is suffering, they stop spending and the whole market suffers. That is exactly what is happening right now and into the immediate future.
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In regards to the car market, I’ve noticed a shift in attitude among myself and my friends. Years ago we competed to see who had the newest car/truck. Now the high mileage on our now-older vehicles is almost a badge of honor. We routinely talk about how many miles we have on our vehicles (I have 250K) and what we had replaced during our last service appointment.
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I can remember buying used cars and trucks for $50 to $500. Cash for clunkers ruined that.
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Wealth creation over, it's all about wealth protection
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Frogs in the boiling pot of water
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My wife is a recruiter for a top NYC recruiting company, and has been working for them for the last 15 years. There's a freeze because it's all going AI, and to cover they are putting out "fake placements" until the transition is complete. My wife is actually helping the new programming bots on how, what, and where to do the jobs of hundreds including her own job as I blog. Your daughter is SPOT ON!
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It's not inflation, it's price gouging, Corporations used the pandemic fueled "supply chain" shortages to raise prices on everything from eggs to lumber, and enjoyed record profits once restrictions eased. Let's call a spade a spade. We are in an era of unprecedented corporate greed and are saddled with a political establishment that is wholly complicit.
