By Crumpler - Sun Jun 07, 2026 4:32 pm
- Sun Jun 07, 2026 4:32 pm
#343912
This is going to be off topic but I fell into a worm hole last night.
This is US data, but potentially ROW too with global economics and human behavior.
Average new car price $ 50,000.00.
Average used car price ( 3 years old or newer) is $30,000.00.
Average age of car on the road is now 13 years old, which is also telling in its own right.
I see people paying incredible prices, both used and new vehicles, with horrible interest rates and loans going out to 96 months in many cases. It smells like 2008, but this time the auto market.
I think the first implosion will be American pick ups.
Pimped out to $80,000.00 trim levels. Grumbling of QC issues right out of the factory. The big three have no desire to undercut each other, which smacks of price fixing to my uneducated mind. I believe heavy tariffs on foreign pick ups go back to LBJ in the 60’s.
God knows what the new tariffs imposed by the Dear Leader have done to that equation.
It’s just weird that no one is acknowledging a problem.
I saw data of over three million pick ups repossessions on bad financing last year alone.
I have always gone with the theory that the car you can afford is the one you can pay cash for, but that obviously is not how the majority feel.
This is US data, but potentially ROW too with global economics and human behavior.
Average new car price $ 50,000.00.
Average used car price ( 3 years old or newer) is $30,000.00.
Average age of car on the road is now 13 years old, which is also telling in its own right.
I see people paying incredible prices, both used and new vehicles, with horrible interest rates and loans going out to 96 months in many cases. It smells like 2008, but this time the auto market.
I think the first implosion will be American pick ups.
Pimped out to $80,000.00 trim levels. Grumbling of QC issues right out of the factory. The big three have no desire to undercut each other, which smacks of price fixing to my uneducated mind. I believe heavy tariffs on foreign pick ups go back to LBJ in the 60’s.
God knows what the new tariffs imposed by the Dear Leader have done to that equation.
It’s just weird that no one is acknowledging a problem.
I saw data of over three million pick ups repossessions on bad financing last year alone.
I have always gone with the theory that the car you can afford is the one you can pay cash for, but that obviously is not how the majority feel.
Devolved 86.5 Track car
Manual w/LS
DIY Supercharger
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