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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="SecondhandSnake" data-source="post: 16775246" data-attributes="member: 116684"><p>I think it's more the result than the cause. Average vehicle life has jumped way up since 2008. People are keeping old shitty cars on the road longer because they can't afford $50k new cars, not because they miraculously got better (though they have gotten way better over time.)</p><p></p><p>If things keep up, it's only going to get worse. There's not enough supply to go around, and even as things return to "normal," the new direct order model is to keep prices up and supply choked.</p><p></p><p>It's going to be an interesting future for sure- $80k new cars, $70k used cars, and 30 year old heaps held together with hopes and dreams all over the place. And that's not taking into account an impending recession. </p><p></p><p>Throwing in the subscription model and EVs and it will get really distorted. Used EV value is going to drop fast as battery life degrades. The flood of cheap, barely any range EVs might offer some hope as cheap overseas batteries and charging station upgrades come into play. It will be interesting to see what OEMs will do with their "retired" fleet cars- whether they just dump them cheap or refurbish them to keep market prices up. But all of that is off in the future. I'm sure someone in marketing is crunching the numbers on it now.</p></blockquote><p></p>
[QUOTE="SecondhandSnake, post: 16775246, member: 116684"] I think it's more the result than the cause. Average vehicle life has jumped way up since 2008. People are keeping old shitty cars on the road longer because they can't afford $50k new cars, not because they miraculously got better (though they have gotten way better over time.) If things keep up, it's only going to get worse. There's not enough supply to go around, and even as things return to "normal," the new direct order model is to keep prices up and supply choked. It's going to be an interesting future for sure- $80k new cars, $70k used cars, and 30 year old heaps held together with hopes and dreams all over the place. And that's not taking into account an impending recession. Throwing in the subscription model and EVs and it will get really distorted. Used EV value is going to drop fast as battery life degrades. The flood of cheap, barely any range EVs might offer some hope as cheap overseas batteries and charging station upgrades come into play. It will be interesting to see what OEMs will do with their "retired" fleet cars- whether they just dump them cheap or refurbish them to keep market prices up. But all of that is off in the future. I'm sure someone in marketing is crunching the numbers on it now. [/QUOTE]
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Current New Vehicle Market
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