The average car price is APROACHING $50,000
A 30% Increase over the past 5 years.
Chinese cars are cheap but Tariffs are not going to be friendly with those
Americans are paying more for Everything than we were a few years back
Car prices are actually outpacing inflation
Rising interest rates make car loans more expensive
advancements, including turbocharged engines, battery packs, and efficiency improvements, come at a premium
The Average American household spends about 15% of income on transportation which includes maintenance/fuel/electric costs
Before crap hit the fan in 2020, from 2015 – 2018 20% of vehicles were UNDER $20,000, that explains why everyone is so upset about car prices now
– The Software explosion in vehicles costs A LOT of money in R&D as well as adding new technology to cars that some argue we don’t need.
00:00 – The Affordability Issue
03:12 – People Still Buying
05:03 – The Reason Prices and Reliability are Terrible
08:09 – What does the future look like
