The future of the American car and mobility hubs...$2.8 TRILLION Car Market COLLAPSES — Biggest Crash EVER!

[Invisibleflash]

Bonus...you can see an AI video of this guy. I guess they just type a script and AI make it.

Whatever, it is a great video about what is to come. In short cars cost what houses used to sell for. Dealers are paying $100,000+ month for % to carry inventory no one can afford. Very informative. Possibly many bankruptcies ahead. I had no idea things were so bad. Well worth your time.

If you are a dyed in the wool MAGAt...don't fret. He does not talk about Trump much. It is mainly about the car market. I think he used Trump's photo for clickbait.

 

[g5000]

Bonus...you can see an AI video of this guy. I guess they just type a script and AI make it.

Whatever, it is a great video about what is to come. In short cars cost what houses used to sell for. Dealers are paying $100,000+ month for % to carry inventory no one can afford. Very informative. Possibly many bankruptcies ahead. I had no idea things were so bad. Well worth your time.

View attachment 1168563

If you are a dyed in the wool MAGAt...don't fret. He does not talk about Trump much. It is mainly about the car market. I think he used Trump's photo for clickbait.

I jumped ahead to the last bookmark at 34:45.

"Instead of massive lots filled with hundreds of vehicles, we will see smaller showrooms focused on custom orders and service. The days of walking onto a lot and driving away with a car on the same day are ending."

I have friends in the business. What the man said is correct. This is already happening.

I have never bought a car on the same day. That's just stupid, but that is what most people do. It is insane to make an impulse buy of the second largest purchase you will ever make.

In the past, most auto loans were of the 4-year and 6-year variety. Since Covid, dealers are pushing buyers into 7-year and greater length loans to make their ridiculously priced cars seem more affordable.

I have always kept my vehicles way past the time I paid them off. I drive them until the wheels fall off. It's a great feeling not having a car payment, and any repair costs are much less than buying another car and ending up with payments again.

When I am in the market, I shop around. Dealers know most people impulse buy their cars. They panic if you start to leave. They know you probably won't be back.

I always tell them which car I like, and how much I am willing to pay, and to call me when they can meet my desire. I lay down this line all over the area, and sooner or later a salesman will call me who is desperate to meet his quota. This might takes weeks, or it might take months.

I haggle for everything. Not just cars. I haggle for anything that costs more than $100. Most people are unaware you can do this.

 

[CrusaderFrank]

Maybe pumping extra $7 Trillion into the economy during and after Covid wasn’t such a great idea after all?

 

[g5000]

Maybe pumping extra $7 Trillion into the economy during and after Covid wasn’t such a great idea after all?

The American people don't like pain, so they call on the federal government to do something to avoid pain whenever there is an economic crisis.

The problem is, pain avoidance costs more and more with each financial crisis.

This is why I have said that sooner or later, we are going to have a financial system Too Big To Save. Then we are all fucked. Far more than if we had swallowed the bitter pill back when it was manageable.

The last president who had the balls to make us endure the pain was Ronald Reagan. And what followed was the greatest ecomomic boom in history.

 

[whitehall]

"A great video about what's to come"? How the hell does that statement and a deliberately unflattering (photoshopped?) photo of the President possibly qualify as a current event? The left must be desperate for bad news.

 

[Deplorable Yankee]

Bonus...you can see an AI video of this guy. I guess they just type a script and AI make it.

Whatever, it is a great video about what is to come. In short cars cost what houses used to sell for. Dealers are paying $100,000+ month for % to carry inventory no one can afford. Very informative. Possibly many bankruptcies ahead. I had no idea things were so bad. Well worth your time.

View attachment 1168563

If you are a dyed in the wool MAGAt...don't fret. He does not talk about Trump much. It is mainly about the car market. I think he used Trump's photo for clickbait.

I couldn't make it past 2 minutes
So why is Volvo moving production from Europe to the Carolinas

 

[DigitalDrifter]

The American people don't like pain, so they call on the federal government to do something to avoid pain whenever there is an economic crisis.

The problem is, pain avoidance costs more and more with each financial crisis.

This is why I have said that sooner or later, we are going to have a financial system Too Big To Save. Then we are all fucked. Far more than if we had swallowed the bitter pill back when it was manageable.

The last president who had the balls to make us endure the pain was Ronald Reagan. And what followed was the greatest ecomomic boom in history.

They've been trained very well by the Dimocrat party to look to the government for everything. So they'll do it, and continue to do it.

 

[frigidweirdo]

"A great video about what's to come"? How the hell does that statement and a deliberately unflattering (photoshopped?) photo of the President possibly qualify as a current event? The left must be desperate for bad news.

"the left"?

Did the whole of the left post this thread or something?

Should I describe your post as the whole of the right replying?

 

[whitehall]

"the left"?

Did the whole of the left post this thread or something?

Should I describe your post as the whole of the right replying?

Describe my post? What does that mean? Is it a case of cyber blackmail? Do it.

 

[frigidweirdo]

Describe my post? What does that mean?

Seriously? You need to me to teach you to read?

 

[g5000]

China is making electric cars that sell for the price of a box of donuts.

We're going to get creamed if we don't act on this. And I don't mean idiotic left wing protectionist tariffs. And I don't mean arguing over climate change.

 

[g5000]

They've been trained very well by the Dimocrat party to look to the government for everything. So they'll do it, and continue to do it.

Um, excuse me.

It wasn't the Democrats who ran to the government to bail out Wall Street in 2008, mm-kay, skippy?

Take off your partisan blinders and try to think for yourself instead of parroting the MAGA party line.

 

[CrusaderFrank]

The American people don't like pain, so they call on the federal government to do something to avoid pain whenever there is an economic crisis.

The problem is, pain avoidance costs more and more with each financial crisis.

This is why I have said that sooner or later, we are going to have a financial system Too Big To Save. Then we are all fucked. Far more than if we had swallowed the bitter pill back when it was manageable.

The last president who had the balls to make us endure the pain was Ronald Reagan. And what followed was the greatest ecomomic boom in history.

Americas best post Federal Reserve years were Harding/Coolidge when buying power increased 50%

They let the markets reprice debts, assets and wages

Been downhill since then irrespective of Party affiliation. Clinton/Gingrich came close but the MIC made sure that was shortlived

 

[1srelluc]

Subprime auto lender Tricolor’s collapse exposes fragility in credit markets | Investorsobserver

As Tricolor unravels and banks face losses, surging auto and credit card delinquencies warn of deeper cracks in household finances.

investorsobserver.com

Lots of exposure someone is gonna pay for.

 

[petro]

Thank EPA mandates for the useless and expensive technology to save a couple miles per gallon, and ignorant consumers who are more concerned with wifi and other worthless distracting features than reliability.
Couldn't pay me to drive forced induction lawnmower engines trying to pump out 400hp.

Most American cars are garbage with multitudes of electronic, software and mechanical recalls, and quality has been thrown out the window.
The overcomplication of vehicles creates far more failure points.

Even once reliable Toyota is suffering the effects of this over board tech with failures of it's new twin turbo engines and 8-10 speed transmissions.