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re: How bad will car prices get next four years?
Posted on 2/14/25 at 2:55 pm to geauxturbo
Posted on 2/14/25 at 2:55 pm to geauxturbo
quote:
The tarrifs are at least aimed at getting US better deals
If they lead to trade wars they suffocate our exports.
Tariffs work if short term and targeted. When they become larger than that, they become inflationary.
Under Trumps plan, we would need permanent subsidies to keep manufacturing rubber dog shite.
2
Posted on 2/14/25 at 2:56 pm to RogerTheShrubber
If anyone knows what he’s doing it’s Trump - modern economists have been wrong about everything and got us into this mess.
Posted on 2/14/25 at 2:57 pm to NashvilleTider
quote:
- modern economists have been wrong about everything
Except they absolutely nailed his previous tariffs.
If they had worked, Trump wouldnt have had to beg the Fed to bail him out in 2019.
Posted on 2/14/25 at 2:59 pm to nicholastiger
They would go down if we let manufacturers import some of the vehicles that don’t pass our emissions standards or start cutting some regs that let manufacturers save on costs.
Posted on 2/14/25 at 3:02 pm to nicholastiger
It all depends on your situation.
If you can be patient - not going to be an issue.
I just sold my wife’s SUV to a dealer for 31,500. We paid 42,600 for it 23 months ago.
That is only a 11,100 loss over 23 months ($483 per month) including taxes.
We were able to buy a high mile one owner SUV from a friend for $9500 that looks and drives great. This SUV will not depreciate barely at all. We can save up cash and when the right time comes - get a good deal.
Now, my neighbor is in her 20’s and just got her car totaled by an undocumented person. She only got $5100 from the insurance and she has little savings. She is screwed as she can’t drive a high mile car as a single woman with no mechanical knowledge.
(Unless she wants to barter with me for her goods vs my skills- kidding)
If you can be patient - not going to be an issue.
I just sold my wife’s SUV to a dealer for 31,500. We paid 42,600 for it 23 months ago.
That is only a 11,100 loss over 23 months ($483 per month) including taxes.
We were able to buy a high mile one owner SUV from a friend for $9500 that looks and drives great. This SUV will not depreciate barely at all. We can save up cash and when the right time comes - get a good deal.
Now, my neighbor is in her 20’s and just got her car totaled by an undocumented person. She only got $5100 from the insurance and she has little savings. She is screwed as she can’t drive a high mile car as a single woman with no mechanical knowledge.
(Unless she wants to barter with me for her goods vs my skills- kidding)
Posted on 2/14/25 at 3:06 pm to Gee Grenouille
quote:
They would go down if we let manufacturers import some of the vehicles that don’t pass our emissions standards or start cutting some regs that let manufacturers save on costs.
Indeed.
We need more competition and less regulation. Thats two keystones to Conservative economic growth.
If we want innovation and lower cost, more competition (not less) is necessary
Posted on 2/14/25 at 3:08 pm to RogerTheShrubber
If all of that is true, then you should have no problem with Trump's reciprocal tariffs.
Posted on 2/14/25 at 3:12 pm to PaperTiger
quote:
If all of that is true, then you should have no problem with Trump's reciprocal tariffs.
IF the goal is free trade in the near future.
If not, we're just promoting more taxation on consumers and more inflation.
Posted on 2/14/25 at 4:13 pm to nicholastiger
Even if US production of cars goes up, the other tariffs he has enacted on items like steel are going to increase the prices of vehicles. Toyota and Mercedes already have plants in the US. What do these tariffs on foreign vehicles accomplish?
Posted on 2/14/25 at 4:18 pm to nicholastiger
So you decided on a Subaru
Posted on 2/14/25 at 4:18 pm to nicholastiger
I only buy Toyota products. And pretty much every Toyota product sold in the United States is manufactured in the United States. Therefore, the prices may actually go down.
Posted on 2/14/25 at 4:20 pm to MMauler
quote:
pretty much every Toyota product sold in the United States is manufactured in the United States. Therefore, the prices may actually go down.
Nope. That’s not true. My tundra was made in Texas, but some of the other models that are very popular are made in Japan.
Posted on 2/14/25 at 4:32 pm to nicholastiger
Posted on 2/14/25 at 4:36 pm to GeauxTigers123
nope the sell two cars made in japan in the us. rav4's and land cruisers.
Posted on 2/15/25 at 2:13 am to nicholastiger
We will all be walking lol
Posted on 2/15/25 at 2:18 am to RogerTheShrubber
It brings manufacturing back to the states, to avoid the tariffs. It's not a fast process but it'll work flawlessly if we get a like minded president in 2029. If not, expect more yo-yoing and unstable markets.
Posted on 2/15/25 at 5:52 am to MrGumshoes
quote:
t brings manufacturing back to the states, to avoid the tariffs. It's not a fast process but it'll work flawlessly if we get a like minded president in 2029.
Which are pretty much permanent subsidies at that point.
Posted on 2/15/25 at 6:13 am to nicholastiger
quote:Car prices were fricked after Covid.
How bad will car prices get next four years?
I had to buy one in 2022 as my 06 Civic finally crapped out.
That market needs a reckoning.
Posted on 2/15/25 at 6:21 am to nicholastiger
People are keeping their cars longer YoY.
If this trend holds, simple supply/demand will eventually force new car prices down. Let another few Nissans of the world go under. Stellantis is treading water as well. They call it a crash for a reason. I think 2026 if trends don’t change you will see a crash in the new car market.
If this trend holds, simple supply/demand will eventually force new car prices down. Let another few Nissans of the world go under. Stellantis is treading water as well. They call it a crash for a reason. I think 2026 if trends don’t change you will see a crash in the new car market.
Posted on 2/15/25 at 7:47 am to nicholastiger
I had an interesting conversation with the owner of a Chevrolet dealership this week. He is concerned because they are being forced into a market with negative returns, EVs are hurting them. While EVs only represent 7% of the market and Tesla takes half the other manufacturers have to invest in them then the dealers have to sell them. He does not want to participate but risks losing his franchise rights if he resists.
If the industry is losing big money on one end what do you think will happen on the other end? Prices will rise. Worse, electric cars may be replaced by fuel cells or an alternative fuel then all the investment is gone. This is not good for consumers because the entire process is driven by a product which, in reality, is not practical
If the industry is losing big money on one end what do you think will happen on the other end? Prices will rise. Worse, electric cars may be replaced by fuel cells or an alternative fuel then all the investment is gone. This is not good for consumers because the entire process is driven by a product which, in reality, is not practical
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