Average age of American cars hits 11 years old
#21
Originally Posted by vader1' timestamp='1376057889' post='22715342
My only car right now is my 13 year old S2000 but I have a 2014 car on order.
Somebody else, maybe it was NYT, said that only 25% of Americans can afford to buy a new car. Since it now takes about $30,000 to buy a run of the mill family sedan that does not surprise me, I saw a Dodge Ram Pickup listed at over $50k with all the bells and whistles.
Cars also don't rust like they used to and just about anything will get 150,000 miles fairly trouble free. So I guess it does not surprise me but I think it is a huge reflection of the recent economy. You had a stretch where even people who could afford to get them were afraid their job could disappear so they did not go buy, an GM and the like have dropped the policy of anyone with a $5 an hour job who walks in the door and wants a new Grand Am leaves the lot with a new car and a sub-prime loan.
Somebody else, maybe it was NYT, said that only 25% of Americans can afford to buy a new car. Since it now takes about $30,000 to buy a run of the mill family sedan that does not surprise me, I saw a Dodge Ram Pickup listed at over $50k with all the bells and whistles.
Cars also don't rust like they used to and just about anything will get 150,000 miles fairly trouble free. So I guess it does not surprise me but I think it is a huge reflection of the recent economy. You had a stretch where even people who could afford to get them were afraid their job could disappear so they did not go buy, an GM and the like have dropped the policy of anyone with a $5 an hour job who walks in the door and wants a new Grand Am leaves the lot with a new car and a sub-prime loan.
If you want the strippo, fine, I've have had a couple, but they do not sell in big numbers. But if you don't believe it for a second here is an article for you:
http://www.prnewswire.com/news-relea...201017601.html
Honda's AVERAGE transaction price is $27,000 and that includes averaging in every Fit and Civic they sell at much less than that. When I worked at a dealer back when the earth cooled, we ordered a few strippos every year for each model, and sold dozens if not hundreds of models that were heavy on options. Sunroofs, leather, automatics, fancy wheels, better stereos, heated seats, etc are not in the $20,000 model you are referring to.
Here is from the second paragraph of the article: "Manufacturers continue to benefit from consumers' insatiable appetite for highly contented new vehicles, as shown by average transaction prices exceeding $31,000 in March," said Jesse Toprak, senior analyst for TrueCar.
#22
And yes, you can get cars for under market value, but that's hardly a fair comparison. I bought the civic for $2500 what 7 yrs ago and all it needed was a wheel bearing and tires. I was just lucky and got a steal.
#24
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#25
I'd guess your TL has relatively high miles for that price, what around 100k? TL's seem to not be worth as much (relatively) because of the worse gas mileage and requiring premium. Cheaper/reliable/good gas mileage cars like honda civics lose very little value used vs new these days, look for yourself. I agree it's kinda crazy, but it is what it is. Like I said, my old ass beater civic is worth than I'd be willing to pay for it these days.
#26
http://www.roadandtrack.com/features...t-cars-of-2002
Road & Track's best cars of 2002. The S2000 made the cut.
Road & Track's best cars of 2002. The S2000 made the cut.
#27
http://www.roadandtrack.com/features...t-cars-of-2002
Road & Track's best cars of 2002. The S2000 made the cut.
Road & Track's best cars of 2002. The S2000 made the cut.
Not that it shouldn't be on the list, but we are all a bit biased here
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Chariotz
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04-03-2015 11:29 AM