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You can also look at it in this way.. What year did The Price Is Right have to add the 5th digit to the car pricing games like Dice Game, Lucky 7 and so on? Anyone remember that? Somewhere in the late 80's?
You can also look at it in this way.. What year did The Price Is Right have to add the 5th digit to the car pricing games like Dice Game, Lucky 7 and so on? Anyone remember that? Somewhere in the late 80's?
Pricing for the '82 Accords was $7,399 for the base two-door hatchback, $8,245 for the four-door sedan and $8,449 for the LX version of the two-door.
Pricing for the 1986 Accords ranged from $8,429 for a DX Hatchback Coupe to $12,675 for the LXi Sedan.
1990 Accords ranged in price from $12,145 for the DX Coupe to $16,595 for an EX Sedan.
Yeah, but Bob would only allow American cars on the show.
Point is still valid, though.. It's not like the price of cars is going to go down. Automotive industry rarely stands still. Ever forward.
As for the bailout.. Ford would have survived. GM would be gone, Chrysler would be gone.. You'd have less competition.. Maaaaybe someone would have come in and bought up the scraps of them and started a new car company...
The bailouts hurt them. Now that these companies realize that they don't have to compete and make their money by "working for it" they have become complacent and the "customer service" is non existent along with the "reliability" of the cars, hence the continuous recalls. What do they care, they are not going out of business, our tax$$$$ makes up their loss. People are getting wise to this and are KEEPING their old cars. That is why sales is slagging to the point that they are literally giving cars away with 0 financing, stretching the payment out to five years. They lost out on the interest, they lose out on complete payment as people default on the five year payment and the company gets stuck with used cars. No you don't really get great mileage. The companies outright lie, because government does nothing to stop them from false advertising.
Buying a car is a very unpleasant experience. Akin to walking a mine field. Every auto coming off an assembly line is nothing more than an "Expensive dressed up w*ore."
Those clown cars? They are a joke in the American market. Does the upper crust Obama/Pelosi/Green touting Gore drive those? No they drive humungous comfy SUVs . They don't worry about gas, because they don't pay for it. We do.
It is unclear where these numbers came from. My friend's daughter just bought a Chevrolet Spark and it cost $15,000. They start at $12,000. The Sonic is only a little bit more. Ford Fiesta, Honda Fit, the little Nissan, and Toyota Yaris are all under $20,000.
Those are subcompact cars, toy cars. Compacts I was referring to are Focus, Cruze, Civic, Corolla, etc. Most people I see that bought one that with decent specs paid over 20K, but im mainly referring to the price mid-sized cars have now gotten to. For 30K it needs to be a Impala or nicer, not a cramped Malibu or a Fusion.
Until some sort of massive change that completely alters the economy as we know it.
Until then, people have money and credit is available. This didn't happen overnight. New cars weren't dirt cheap in 2007.
I agree they weren't dirt cheap in 2007, but we also weren't paying 30-32K average for a new car back then either. Typically that price was Acura, Infiniti and up. Now mainstream American cars cost that much, only to be worth 18K the next year.
One has to calculate - what would be the costs if the automakers were allowed to go bust? A lot.
The costs of economic dislocation due to lost jobs and lost economic activity.
Suppliers would also go out of business as well. That's actually why Toyota and other automakers were tacitly supporting the rescue package - it would affect their ability to source parts and subassemblies as well. Not to mention that depressed communities would also decrease demand for their products too.
So, the government probably figured out that the cost of letting GM and Chrysler go bust would be higher than the costs of helping them.
As far as your comments about market economies and solvent governments - look, governments intervene in economies all the time, or make decisions that affect the economy constantly. No matter what their ideological stripe.
Sooooooo, if they went bust, someone would buy them....the products would continue to roll.....more importantly, we are only talking about 22% marketshare for GM....Toyota, Honda, and Nissan and now Hyundai and Kia could absorb that in one fiscal year.....heck, the consumers would probably appreciate it except for the truck market.
That "ripple" effect for the cheapest part available syndrome would dry up but, some conditions could be made with foreign manufacturers to enlist some of these....if any could pass muster.
I don't see it. I wouldn't miss any GM automobile. The trucks stand a chance but, their cars???? Nope....no loss....Chrysler? Same thing.....Ford? They are making headway with a few of their cars but, they too could be absorbed.....only thing left would be the trucks....who knows? Maybe they could focus all their energies and finally deliver a truck that gets 25mpg city, 32 hwy.....a thought.....
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