The average monthly payment for a new car was $733 in the second quarter of 2023. That could rise if auto workers strike long enough

[task0778]

They will just increase the term of the loan. Instead of 60 months, it will be 120 months.

What loan?

Oh, a car or truck loan? So, instead of a $40,000 loan over 60 months it's a $50,000 loan over 120 months? I see, the payments would be about the same but for a longer period of time. But the cost of leasing a car or truck would have to go up considerably, no?

 

[Lisa558]

They will just increase the term of the loan. Instead of 60 months, it will be 120 months.

So Americans will be paying off their car purchase for 10 years? And that isn’t driving up the cost of the car?

 

[Biff_Poindexter]

People who produce the cars want a raise = bad.

People want an ever increasing "shareholder value" = good.

I'll never understand it.

Because we have been conditioned to worship wealth..




Whenever I see these morons pretend to care bout "workers" or the "forgotten" man while posing in front of their pick up trucks -- I laugh....because as soon as these workers assert a little power -- they get attacked for it...



Right-wingers think sucking off the wealthy is going to somehow cause some of the jizz to trickle down on them...

 

[Biff_Poindexter]

Funny how only 5% of the total cost of the car goes towards labor costs.....but ok.....


"Even Fain has called the union’s demands audacious, but he maintains the automakers are raking in billions and can afford them. He scoffed at company statements that costly settlements would force them to raise vehicle prices, saying labor accounts for only 4% to 5% of vehicle costs."

Thousands of auto workers on strike across Detroit's 3 automakers

The limited strike at assembly plants in Michigan, Ohio and Missouri will likely chart the future of the union and of America’s homegrown auto industry.

www.pbs.org

Not even union workers are expecting to get a 40% wage increase, but if it moves the needle towards them getting a 15% wage increase over the next few years -- that is what strikes are for......to get concessions...right now, the wealth class has been the one getting most of the concessions from the workers.....

When you morons pretend to care about "the working man" and talk about how wages are too low -- how the fuck do you think they get wage increases? By hoping CEO's will stop doing stock buybacks to falsely inflate their bonus payouts long enough to toss you some crumbs?

 

[Woodznutz]

Still around $20,000 and up.

I paid $7000 including the sales tax for a 2003 Mercury Grand Marquis LS.

 

[Woodznutz]

Funny how only 5% of the total cost of the car goes towards labor costs.....but ok.....

Depends on what you include as labor. It's probably closer to 80 percent.

 

[EvilCat Breath]

I paid $7000 including the sales tax for a 2003 Mercury Grand Marquis LS.

20 years old! My car was 17 when I dumped it.

 

[braalian]

Stop buying shit that you can’t afford.

More evidence that people are living beyond their means and then crying that the “economy” is to blame.

 

[Andrew_Jackson_FTW]

It’s a far cry of the strikes of the old days where you actually had tens of thousands of Americans take them to the streets and were supported by their wives. They were fighting the police officers attempting to break the strike. They were fighting the scabs. What a beautiful time in history when Americans were standing up for what was right

Look at how terrible America is today. People are happy to be on drugs and making 15 bucks an hour. Back in the 1950s adjusted for inflation they were getting 35 bucks an hour and the whole country was doing great. There’s no excuse to not have a strong middle class in the strongest country in the world.

So if you start off at Ford motor company today you make around 18- $20 an hour with no pension no good benefits. But back in the 1950s all the way up until I think 2000 you got equal pay after 90 days on the job making like $35 an hour adjusted for inflation. So that type of thing worked for decades on

We have horrible politicians. And today’s wealthy CEOs are monstrous their nothing like they used to be.

That’s how bad America is today they convince people to waive the BLM flag and they convince people to make no money, and be happy to live in a tiny communist apartment, eating bugs, using drugs.

 

[Dekster]

$733.00, and just think if these workers get their ridiculous demands met, you can bet the new car price is going to skyrocket further.
$733.00!!! Henry Ford has got to be rolling in his grave.

• The United Auto Workers went on strike on Friday after the union's four-year contract expired.
• The strike could impact car prices and the US economy.
• The cost of a new car has increased since the pandemic slowed production.

The average monthly payment for a new car was $733 in the second quarter of 2023. That could rise if auto workers strike long enough.

The auto workers strike could hit consumers' wallets if the work stoppage lasts long enough.

www.businessinsider.com

Labor represents about 15% of new car prices. It will go to about 20% if they get their demands.

 

[scruffy]

I paid $ 300 for my first car.

Lasted me 6 years.

 

[initforme]

Those men that Ford hired knew their worth.

These greedy little UAW workers have no idea they are next to worthless.

Without Queer Barry's bailout there would be no GM or Chrysler. Without the massive government subsidies for these stupid EVs and government fleet sales the American car companies would have no future.

So workers are worthless and should be treated like such. Got it.

 

[Harpy Eagle]

Labor represents about 15% of new car prices. It will go to about 20% if they get their demands.

 

[Woodznutz]

It’s a far cry of the strikes of the old days where you actually had tens of thousands of Americans take them to the streets and were supported by their wives. They were fighting the police officers attempting to break the strike. They were fighting the scabs. What a beautiful time in history when Americans were standing up for what was right

Look at how terrible America is today. People are happy to be on drugs and making 15 bucks an hour. Back in the 1950s adjusted for inflation they were getting 35 bucks an hour and the whole country was doing great. There’s no excuse to not have a strong middle class in the strongest country in the world.

So if you start off at Ford motor company today you make around 18- $20 an hour with no pension no good benefits. But back in the 1950s all the way up until I think 2000 you got equal pay after 90 days on the job making like $35 an hour adjusted for inflation. So that type of thing worked for decades on

We have horrible politicians. And today’s wealthy CEOs are monstrous their nothing like they used to be.

That’s how bad America is today they convince people to waive the BLM flag and they convince people to make no money, and be happy to live in a tiny communist apartment, eating bugs, using drugs.

Lots of benefits with longevity of employment.

Ford Motor Company Hourly Pay in 2024 | PayScale

The average hourly pay for Ford Motor Company is $29.45 in 2024. Visit Payscale to research Ford Motor Company hourly pay by city, experience, skill, employer and more.

www.payscale.com

 

[Woodznutz]

20 years old! My car was 17 when I dumped it.

Grand Marquis run forever. This is my third one. Great cars.

 

[Woodznutz]

Labor represents about 15% of new car prices. It will go to about 20% if they get their demands.

That depends on what is classified as labor.

What Is Labor?

Labor is the number of workers in the economy and the effort put into producing goods and services. Learn about unemployment and how it's measured.

www.thebalancemoney.com

 

[gipper]

People who produce the cars want a raise = bad.

People want an ever increasing "shareholder value" = good.

I'll never understand it.

It’s because workers have few rights and wealthy shareholders have lots of rights. It’s the American Way. Money rules.

 

[gipper]

Grand Marquis run forever. This is my third one. Great cars.

They do run forever, but they sure are ugly.

 

[gipper]

$733.00, and just think if these workers get their ridiculous demands met, you can bet the new car price is going to skyrocket further.
$733.00!!! Henry Ford has got to be rolling in his grave.

• The United Auto Workers went on strike on Friday after the union's four-year contract expired.
• The strike could impact car prices and the US economy.
• The cost of a new car has increased since the pandemic slowed production.

The average monthly payment for a new car was $733 in the second quarter of 2023. That could rise if auto workers strike long enough.

The auto workers strike could hit consumers' wallets if the work stoppage lasts long enough.

www.businessinsider.com

Why would increasing union wages and benefits rise car prices, when the companies have been making tremendous profits for years?

 

[Woodznutz]

It’s because workers have few rights and wealthy shareholders have lots of rights. It’s the American Way. Money rules.

It is because of the national wealth produced by investors, entrepreneurs, and the government that the common man is able to attain wealth. Hard to get rich in a poor country.