No surprise here.
I blame it on the cars actually lasting longer
Gonna affect the used market even more…inflation has many faces…
Is it the Hamilton becoming the Jackson?
9 year old Chevy Cruze ? good luck with that upkeep
Thats good. Holding onto cars, is better for the bottom line for most folks and helps the environment.
I assume it also helps the new car market gain more incentives since folks aint buying…
Already is. Soon to be Lincoln.
Went out to half price happy hour with the wife last week. $212 after tip and tax and we had no leftovers. 2 drinks each. The Benjamin is now the Jackson…
If that meal was $425 regular price I might have pulled a dine and dash. I’ve gotten to the point I can’t even enjoy meals out bc all I do is bitch about pricing. I would like my lease return customers.
Can’t argue with a bargain on Mother’s Day.
christ on a cracker. were you eating at Prime 112???
my guy hitting up the shops at bal harbour…
A hole in the wall called drunken dragon
I don’t think bal harbor restaurants have happy hours…everything now is just crazy expensive. I try to only hit happy hours when we go out to eat/drink and it’s always pushing $200.
Gotta pay that 30k a month Miami Beach strip mall rent I guess.
I’m going to need to see those numbers in the LH calculator
Wasn’t it the same in the 2008 debacle - holding for cars longer which led to Autozone stock price into the stratosphere, and then can the cash-for-clunker program that killed the used market down the road?
What Feds will come up with now to make people trade their cars sooner to prop up GM, Ford, Stelantis, etc…
If any administration will do it, it’ll be the current one and they’ll give it a cute, cuddly but disingenuous name like Autonomous Safety Act while touting it as an equity initiative depending on the audience.
You heard it here first.
Yep trade your reliable “clunker” to get a 15k EV tax credit. Def in the cards when the current tax credits expire
Pfft 15K is rookie number. If it’s not 20K or more and combinable with 45W lease credits I’ll eat my hat.
And this is why I’m driving a hooptie, saving $400/mo can make a allot of repairs on my 2003 Impala. If something sub $200 pops up I’ll probably jump on it.
Looking at your avatar and reading your comment made me think “how” till I read the Impala, no more Saab stories for me.
Nothing. Ford and GM aren’t teetering on bankruptcy. Cars are expensive because Ford and GM have made sound business decisions and make the cars Americans wants ($60k trucks) rather than chasing market share with low margin affordable sedans and fleet sales.
I’ll take the wager. I’ll give you 10-1 odds there is no bailout before 1/20/2025. The 2008-2010 bailout was a bipartisan effort started under Bush and finished under Obama. It was incredibly unpopular on a bipartisan basis but represents all that is not simple about government.
There was so much wrong with bailing out the automakers and the fact it ended up costing $12 billion dollars. But the government was on the hook for a huge amount of money either way. Would it have been better to spend that much or more via PBGC pension liabilities, unemployment payments etc…? I don’t know what the answer is. But I’m confident it’s not simple and all political.
I know a GOP auto lobbyist who never fails to mention that the auto bailout pales in comparison to the 2018-2020 farm bailouts. What’s the difference between the two?