re: The economy is just broken

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I like the previous generation better. Both the styling and drivetrain options. Still not bad looking by any means. Think the Tundras have done worse with regard to backsliding on styling.

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I probably wouldn't buy a first-year model anyway, even a Toyota.

I'm not in the market, just like to window shop and see what's out there. I'm about to have another kid in college so I hope my 2017 lasts me another 6 years

I read a Reuters/Yahoo! Finance something something MSM article yesterday that told me not to believe my lying eyes. The economy is STEALLAR, slave!

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Even areas that are hotter than others, not happening.

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Yeah this is BS. You believe what you want to, but only a very few real estate markets are struggling.

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You realize inflation is a worldwide problem , right ? Not just here in USA…. shite has always been overpriced here so we feel it more when inflation kicks in, but this is global.. Ya think Big Daddy Donald’s gonna come in, wave a magic wand and make inflation disappear ??

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why do you even care? aren’t you headed to the Malaysia to bang whores?

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You can say people need to buy cheaper used cars but that is becoming more and more of a problem.

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Perhaps locally, wherever you are, but not nationally.





Cox Automotive indicates the supply is growing and the average price is going down (what would be interesting to see would be average age and average mileage for those which have come in over the last year compared to those prior to COVID, if such a stat exists).

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The credit market is drying up and prices only continue to rise.

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This is dead center of what I mentioned in my previous post, the part about the ever-increasing consumer debt-creation. Something many aren't talking about (or, at least, not talking about often enough) is the growth in consumer credit defaults.

LINK Delinquency rates dropped steadily to an incredible low in 2016, rose only slightly until COVID and then dropped to a historic low. Looking at the non-COVID numbers, it took 13 quarters to drop to its low of 1.99% in Q1 2016 - that's an average drop of .049% per month. If we include the COVID drop to 1.53% that stretches out to 34 quarters (which then puts it at .032% per month). In only 9 quarters we've jumped from 1.53% to 2.62%, or .12% per quarter. In other words, delinquencies have risen ~2x as fast to their current rate as they did falling from it without COVID and ~3x as fast when including COVID.

Now imagine the impact of the increasing rate of such delinquencies across the economy. Those increasing rates means less available consumer credit in an economic environment that's become heavily dependent on consumer debt leveraging. Lower ability to leverage debt means the economy slows more in a shorter period. If lenders come up with new ways to increase debt-creation (like through 8-fricking-year-auto-loans), that just creates an even bigger bubble for when the popping begins as that increase just feeds the inflation beast. The alternative though is for credit agencies (which have a LOT of power due to their very deep pockets) to eat more and more delinquencies as the economy slows.

And that's where we are.

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why do you even care? aren’t you headed to the Malaysia to bang whores?

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Lol.. apparently you are just as obsessed with my thoughts and plans for the future as that loser “Jones” is …



I am efforting.. living overseas is cheap, but there is great expense and planning required for the initial move itself…. if you’d like to take up a collection for me to live overseas and fund my trip- then please feel free, Sparky .

Start a gofundme

I’ll be more than happy to send you some money if it means you leaving this country and never coming back here

People are not going to boycott buying cars…

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People are not going to boycott buying cars…

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People can trade down, keep older vehicles running longer etc, which is probably what is happening some already now.

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And that’s why parts stores are kicking arse right now….

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I'm keeping my wife's old Accord going for the youngest kid. It's 12 years old and I hope it'll last her another few years if she doesn't wreck it. Insurance would probably total it if she backs into a mailbox