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re: Will new car prices max out?
Posted on 2/25/18 at 3:50 pm to CatsGoneWild
Posted on 2/25/18 at 3:50 pm to CatsGoneWild
When union workers are getting paid $30+/hr to sweep the floor at car plants somebody has to eat the cost.
3
Posted on 2/25/18 at 3:52 pm to RazorTiger30
Wont hit a max until the auto finance bubble pops.
In other words depends on the employment rate and how fast wages can increase. Right now people are still falling behind in terms of how much they spend monthly on their vehicle.
In other words depends on the employment rate and how fast wages can increase. Right now people are still falling behind in terms of how much they spend monthly on their vehicle.
Posted on 2/25/18 at 3:56 pm to RazorTiger30
quote:
When union workers are getting paid $30+/hr to sweep the floor at car plants somebody has to eat the cost.
it actually has less to do with this than it does the fact that they need continuous profit growth to keep the shareholders happy
when less people are buying cars they have to make more money on each one sold
Posted on 2/25/18 at 4:21 pm to RazorTiger30
quote:
When union workers are getting paid $30+/hr to sweep the floor at car plants somebody has to eat the cost.
Id agree with you except the workforce is becoming less and less unionized.
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