WTF Is Happening To The Car Market?

Comments · 143

• ES

  @esnipez · 3 days ago

  Majority of vehicles are over 40k. And majority of people can't afford a vehicle over 30k

  57

• MI

  @mindblownwatcher8536 · 3 days ago

  They need to start making cars again instead of mobile iphones

  31

• FA

  @Fatheadtruth · 3 days ago

  Build plastic crap garbage with go cart engines and charge four times what it’s worth… this is only the beginning of the dealerships getting what they deserve.

  35

• DA

  @Damn-h4e · 3 days ago

  $5 dollar gas.<br>$7 dollar diesel.<br>$1,000 dollar payment.<br>Taxes, plates, insurance.<br>We&apos;ll all be walking soon.<br>I know, I&apos;m one that is already there.<br>90% of people just can&apos;t do it anymore.

  56

• DU

  @dutch0770 · 3 days ago

  It&apos;s very simple economics. Covid and the money printers fired up... 1-2 percent loans on a 50-60k vehicle aren&apos;t crazy.... but now with 7-8 percent? Now all of a sudden that payment gets crazy fast... and the depreciation hits harder. And the car manufacturers just built like crazy because they thought it wasn&apos;t going to end.<br><br>Plus the US consumer is brain dead. They think they need a new car when it&apos;s the financially worst decision you can make.

  22

• GJ

  @GJP1169 · 3 days ago

  Car dealers lawyers and politicians all cut from the same cloth.😂

  34

• JO

  @josephclemons4308 · 3 days ago

  Go buy a older truck and fix it ever so often it&apos;s still a hell of a lot cheaper then buying a new one that ain&apos;t even got a dip stick

  12

• DF

  @Dfgbuiiyyyybb · 3 days ago (edited)

  What’s insane is that these dealers and manufacturers don’t realize that saddling someone with an 84 month loan means they won’t see them back for 84 months or if they do see them back earlier they’ll be so underwater that they won’t be able to get another car loan.

  3

• YO

  @yo2trader539 · 3 days ago

  Since so many customers want the illusion of bargains and discounts, automakers just raise the MSRP and offer a discount. It&apos;s the same practice as an outlet mall.

  3

• CH

  @cheaplaughkennedy2318 · 3 days ago

  Currency debasement, situation is worsening daily.

  9

• GM

  @gmac8586 · 3 days ago

  Maybe they should offer features like built in mini kitchen, bed and bathroom because, without a home, maybe people could afford the car.

  15

• JA

  @jamesmcdonald6047 · 3 days ago

  We bought our last 4Runner in 2019 , paid off in 2021. We will not think of new &nbsp;vehicle for 10 years😂😂😂😂😂😂😂😂

  4