Americans can no longer afford their cars
Americans can no longer afford their cars
Just 10% of new car listings are currently priced below the $30,000 mark, after years of price increases have made vehicles unaffordable to millions.
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.
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.
Right? The mid size truck is now the size of a full size from 15 years ago.
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...
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.
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.
Need to add:
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?
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.
I just wish they made a body on frame small truck.
Are the smaller trucks like the Maverick not available in your area? Or do you mean something like a Kei truck maybe
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.
Then why are they putting those dinky 10 speeds in all F150s now?
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.
Hopefully this will drive car makers to make simpler and more affordable cars.
Or here's a crazy idea... Public transportation and pedestrian infrastructure could be vastly improved so that we don't have to depend on cars as much...
Most American companies have ceased production of small cars in favor of giant trucks and SUVs.
"Affordable" American cars are used cars. New cars chase fads and trends to sell to the wealthy.
That which is unsustainable will tend not to be sustained.
$80,000 pickups exist because of farmers’ welfare checks.
There is no real reason for vehicles to cost that much.
I’m confused. Are farmers the ones buying oversized trucks just to drop of the kids and shop at Walmart.
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.
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.
A Ford King Ranch base model is $76k.
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.
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'll stick to walking, transit, micromobility, and motorcycling for now.
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).
Nature is healing.
This is the best summary I could come up with:
The pandemic's disruption of manufacturing supply chains, as well as outsized consumer demand in 2021, really put a strain on vehicle inventory and drove prices up significantly, said Yoon.
"Supply chain disruptions also forced manufacturers to prioritize more profitable, higher-trim vehicles in their lineups, which meant the inventory available to purchase also carried a higher sticker price."
"Macroeconomic factors like inflation and higher interest rates are also reducing vehicle demand, but not enough to drastically drop car prices in the foreseeable future."
But there are other reasons besides pandemic-related disruptions that there seem to be no more affordable cars in the U.S.—including that automakers are increasingly focusing on the production of expensive SUVs and trucks while dropping smaller, cheaper vehicles that would cost $20,000 or less.
"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.
The original article contains 758 words, the summary contains 186 words. Saved 75%. I'm a bot and I'm open source!
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. 🤷♂️
But an electric bike
Buy an electric
bikemotorcycle.
Good