Used cars up 50% ... bank stocks up 5%.... could have made more just buying used cars... A LOT more...
When are you leftists going to start complaining about the “carsters!”? Better call Pocahontas...
Banks in the toilet getting crushed by their regulators... meanwhile used cars doing a moonshot and incompetent left still complaining about those shrewd and crafty “banksters!” ... hard to understand...
Continued parabolic spike in used car prices … @Manheim_US Used Vehicle Value Index rose 6.8% in first 15 days of April (+52% y/y) to highest level on record @Bloomberg pic.twitter.com/40GnFJH1qx
— Liz Ann Sonders (@LizAnnSonders) April 22, 2021
Regarding used car prices...
ReplyDeleteDecrease supply because of you know what,
Many car manufacturers have stopped making cars and making only SUVs instead. Example Mitsubishi (shitty cars to begin with), Ford, and GM soon to follow (look at them switching to small electric cars for city driving; a smart move since they're lousy with the combustion engine),
the car dealerships that sell new cars also now sell used cars. They also own ALL the online used car websites. What does that mean? They make the damn selling price! And it is pretty easy when they find enough suckers to sell them their cars (or worse, foolishly trade in old car for new car) instead of the suckers selling it own their own.
Btw, the shitty Tesla car company closed one of its car plants in Europe. Had to when people there figured out how shitty they are. Forget the lousy 1200 pound batteries, just look at the construction of the body. Sloppy.
And I want to know who the dummy was who designed the car's door handle. Was it the hair transplant guy Musk?
Btw, if you are tempted to buy a collectible, buy it if you have money to burn, or if it at least you know what you're getting into. Because let's face it, you're not going to be driving it to work :)
ReplyDeleteAlso, never buy a car in an auction. Just never. There is a reason that car wound up in an auction, and let me tell you it ain't pretty :(
Can't go wrong with an electric VW Beetle.
ReplyDeleteGreek,
ReplyDeleteGuy on Twitter said he just turned 30k on his model 3 and spent a total of $80 getting there.... in cabin air filters and wiper blade replacements...
ie “free car”..
#valueproposition
ReplyDeleteModern manufacturing is a logistical marvel that taps hundreds of facilities in dozens of countries, but that system is based on frictionless international trade. Break just a few links and the entire network collapses. A modern car has about 2000 parts. If you are missing ten, you’ve got a large paperweight. —Peter Zeihan
ReplyDeleteHere, what we're missing is chips.
Matt?
ReplyDeleteGreek, here.
30k is like a drive around the block for a Toyota.
Get, back to me if he ever gets past 100k.
“Can't go wrong with an electric VW Beetle.”
ReplyDeleteVW has the resources and tech to go big on this.
Chinese £3,200 [$4,500] budget electric car takes on Tesla
ReplyDeleteA budget electric vehicle (EV) selling in China for $4,500 (£3,200) is now outselling Tesla's more upmarket cars.
The compact car is proving a big hit for state-owned SAIC Motor, China's top automaker.
The Hong Guang Mini EV is being built as part of a joint venture with US car giant General Motors (GM).
Last month sales of the budget electric car in China were around double those of Tesla, which was questioned this month over safety issues there.
Of course, GM had to partner with someone. Why? Well, remember the Volt? You're excused if you don't :) Anwyways, will GM bring it to the states?
Interesting tidbit: Watch how a Tesla owner opens his car door. Then ask yourself if that is not the dumbest thing you've seen.
At the end of the day, or night if you're a nightowl, it's all about price. Tesla, for what you're paying and what you're getting, is, to put it politely, a steal... on Elom Musk's part.
I forgot the link to the above article :)
ReplyDeletehttps://www.bbc.com/news/business-56178802
Re solid state vs lithium ion batteries:
ReplyDeletehttps://m.youtube.com/watch?v=ArsBX4RyOsw
PS I think it was the Chevy Bolt, not Volt. Oh well :)
Yes they are too expensive at the moment...
ReplyDelete