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Started By
Message
re: Average U.S. New Car Price Surpasses $50,000—An All-Time High
Posted on 10/14/25 at 10:28 am to RobertFootball
Posted on 10/14/25 at 10:28 am to RobertFootball
quote:
I ain’t buying
Nope. Bur plenty of people are. Considering what the average income is, im at a complete loss to figure out how all these people are buying new houses and cars. There’s just not that many 6 figure jobs out there. It has to be massive debt. But what happens when the bill comes due? Are banks that easy with refinancing now?
2
Posted on 10/14/25 at 10:29 am to UnluckyTiger
Posted on 10/14/25 at 10:34 am to DakIsNoLB
quote:
I was told by my uncle who works at a Toyota dealership if they can make $500 on the sale of a car, that's a win. Are they doing worse than that now?
They also make money from warranties, commission from the financing and get manufacturer kickbacks.
The average car dealership in a decent sized city profits over a million a year.
quote:
Really, the past hundred years had been great. Auto dealers are one of the five most common professions among the top 0.1 percent of American earners. Car dealers, gas station owners, and building contractors, it turns out, make up the majority of the country’s 140,000 Americans who earn more than $1.58 million per year.* Crunching numbers from the U.S. Census Bureau, data scientist and author Seth Stephens-Davidowitz found that over 20 percent of car dealerships in the U.S. have an owner banking more than $1.5 million per year.
quote:
As of 2021, the top 10 dealership groups in the U.S. had annual revenues around $100 billion, more than any company that actually makes cars.
Posted on 10/14/25 at 10:35 am to DakIsNoLB
quote:
I was told by my uncle who works at a Toyota dealership if they can make $500 on the sale of a car, that's a win.
Was he trying to sell you a car when he told you that?
"Look, we're taking a loss on this one, we're just selling it to you at this price so we can movie inventory."
Posted on 10/14/25 at 10:39 am to RLDSC FAN
They could outlaw predatory vehicle loans and it would stop this pretty quickly, but dealerships and manufacturers would be hosed. Dealers aren't doing this, for the most part. Cars are just too expensive from the factory now.
I have an idea, cut all the bullshite in lower/mid level vehicles. i bet if they removed seat air conditioners, a sensor on fricking everything, an expensive chip for everything, etc. and just gave us a naturally aspirated internal combustion engine without all the absurd "amenities" they could make cheaper and more reliable vehicles.
But noooooooooo
I'm with OP. I don't know how all these people are affording a Tahoe and Suburban in one household with incomes and other living expenses where they are. Only answer is nationwide obscene debt.
I fight with my wife over this all the time. Always talking about getting a new car.
I have an idea, cut all the bullshite in lower/mid level vehicles. i bet if they removed seat air conditioners, a sensor on fricking everything, an expensive chip for everything, etc. and just gave us a naturally aspirated internal combustion engine without all the absurd "amenities" they could make cheaper and more reliable vehicles.
But noooooooooo
I'm with OP. I don't know how all these people are affording a Tahoe and Suburban in one household with incomes and other living expenses where they are. Only answer is nationwide obscene debt.
I fight with my wife over this all the time. Always talking about getting a new car.
Posted on 10/14/25 at 10:41 am to UnluckyTiger
quote:
Is the majority of the country in debt up to their eyeballs?
I don’t get it either.
We’re spending $400/week at the grocery for a family of four. I could go cheaper but I also could easily go a lot higher.
How are people making it? We avoid unnecessary purchase but someone has to be buying the $8 bag of Tostitos?
Publix had two small ribeye steaks for $51. Who the hell is buying that?
Someone must be because the beef section was picked over.
Posted on 10/14/25 at 10:43 am to RLDSC FAN
Prices are crazy, but at least they are back to dealing right now.
I actually just bought a new car yesterday. Really, really didn't want to but my 10 year old car with 175k miles was having transmission issues.
Got 10% below MSRP and 1.9% financing. So, at least some things are reasonable again. Would have paid cash, but at that rate, I'd rather keep the money earning.
I actually just bought a new car yesterday. Really, really didn't want to but my 10 year old car with 175k miles was having transmission issues.
Got 10% below MSRP and 1.9% financing. So, at least some things are reasonable again. Would have paid cash, but at that rate, I'd rather keep the money earning.
Posted on 10/14/25 at 10:44 am to UnluckyTiger
quote:
I want to know where everyone is getting this money from. Is the majority of the country in debt up to their eyeballs?
In moderate debt and not saving.
Posted on 10/14/25 at 10:45 am to DownshiftAndFloorIt
quote:
They'll reap what they've sown. Inventory is stacking up everywhere.
A few weeks ago I got a cold call from a salesman at a dealership where I once had some warranty work done. I didn't even buy my truck from there; just had some work done at their service department.
He asked if I wanted to trade my truck in for a new model, and that they're offering 0% interest for 72 months.
I've never had a cold call from a dealership before.
Last week on the radio, a local dealership was offering a free Jeep Compas if you bought a '25 Ram Bighorn edition.
Posted on 10/14/25 at 10:46 am to Shexter
My favorite is when people don't go in with a pre-approved loan in hand. Bro, the dealership is not going to negotiate hard with anyone for your loan unless you force it.
Posted on 10/14/25 at 10:48 am to DesScorp
Every dealership within a 30 mile radius of me is still slapping on addendum fees with bs packages like window tint, door edge guards, etc. Every make and model is still doing it.
Posted on 10/14/25 at 10:50 am to RLDSC FAN
I talked to a sales Mgr of a Toyota dealer near me just yesterday. He told me that last Saturday they sold 38 vehicles and 31 the Saturday before. Normally a decent Saturday is 20 vehicles.
People are still buying.
People are still buying.
Posted on 10/14/25 at 10:54 am to RobertFootball
quote:
Every dealership within a 30 mile radius of me is still slapping on addendum fees with bs packages like window tint, door edge guards, etc. Every make and model is still doing it.
I was looking at a Toyota and the dealerships around me all have a "mandatory protection and tint" package on every vehicle for $3,000. It's some shitty $20 spray ceramic coating that lasts a couple months and the standard window tint from the factory. They absolutely would not budge, on taking that add-on off the price. The GM even came out and said that they already added added the products and did the work, if I didn't want to pay someone else would.
I ended up buying a Mazda at a dealer that claim they are a volume dealer. No add-ons and didn't even try to do any upsell at finance. Just handed me a brochure and a price for an extended warranty and told me to look it over at home and call them if I was interested.
Posted on 10/14/25 at 10:56 am to el Gaucho
quote:
What kind of man would drive a car?
Part of the problem. The Ford Ranger was fine until Dodge unveiled their semi-truck style Ram in the early nineties.
Now we have men who define their masculinity by lifts, wides, grilles, and tires.
It's pathetic.
Posted on 10/14/25 at 10:58 am to RLDSC FAN
Just two weeks.
We are all in this together.
Old and fat lives over money.
We are all in this together.
Old and fat lives over money.
Posted on 10/14/25 at 11:03 am to Jcorye1
quote:
My favorite is when people don't go in with a pre-approved loan in hand. Bro, the dealership is not going to negotiate hard with anyone for your loan unless you force it.
And banks like Cap One and BoA make it so easy to shop for a car. Get preapproved, input the make and model, and the bank's website will show which dealerships they deal with have that vehicle.
Posted on 10/14/25 at 11:05 am to RLDSC FAN
quote:
Average transaction prices were “likely” pushed up by a “rich mix of luxury vehicles and expensive EV models,”
That’s why they should have used the median price and not the average price.
Posted on 10/14/25 at 11:06 am to Grievous Angel
quote:
Part of the problem. The Ford Ranger was fine until Dodge unveiled their semi-truck style Ram in the early nineties.
Now we have men who define their masculinity by lifts, wides, grilles, and tires.
It's pathetic.
You can also thank CAFE standards for why trucks are so big from the factory.
Posted on 10/14/25 at 11:10 am to StringedInstruments
quote:
We’re spending $400/week at the grocery for a family of four. I could go cheaper but I also could easily go a lot higher.
How are people making it? We avoid unnecessary purchase but someone has to be buying the $8 bag of Tostitos?
Publix had two small ribeye steaks for $51. Who the hell is buying that?
Someone must be because the beef section was picked over.
You gotta work dat system.
1. Never get married to your baby momma, but live in the same house/apartment.
2. Don't let baby mamma get a full time job. She can work 10 hours a week at the local fast food.
3. Get baby momma on that WIC an SNAP showing low income. Stay below the limit.
4. Your job pays for any luxuries - Altima, Challenger, dinner at Supper Club, etc.
You'll get all this and more for free every week
You wouldn't believe how many of your neighbors are secretly getting SNAP benefits.
I may ask for a pay cut in order to get under the limit.
This post was edited on 10/14/25 at 11:16 am
Posted on 10/14/25 at 11:11 am to boxcarbarney
quote:
You can also thank CAFE standards for why trucks are so big from the factory.
Why would bigger trucks have better fuel economy? Need more space for all the tech that goes with that?
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