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Cost of new vehicles are too high. People are opting for used cars. These automakers want to sell new trucks for 60K each, but do everything imaginable to get out of paying American wages to afford those products. Capitalism is a self regulating system, which is why they are going to struggle to find enough buyers for their products going forward.
It's an interesting time for cars... Hyundai is getting better, Kia will need to improve quality more... But so many car makers jumping in... Tesla, Rivian...
Hyundai and Kia just dont have that longevity. They look nice but our Hyundai at 91K has needed a lot of work and our Ford none at 138K. The Ford before that was 188K (ran but lost brake lines and not worth fixing) and the one before that was wrecked going but strong at 176K. Friends with Hondas and Toyotas seem to be getting into the low 200s with theirs before they are no longer worth fixing.
Seems those of modest means are going to be stuck with Hyundai and Kia.
Hyundai and Kia just dont have that longevity. They look nice but our Hyundai at 91K has needed a lot of work and our Ford none at 138K. The Ford before that was 188K (ran but lost brake lines and not worth fixing) and the one before that was wrecked going but strong at 176K. Friends with Hondas and Toyotas seem to be getting into the low 200s with theirs before they are no longer worth fixing.
Seems those of modest means are going to be stuck with Hyundai and Kia.
I have an Explorer closing in on 17 years old. Hoping to make it to 20 years without a " too costly to repair" situation.
...1994 jeep wrangler....bought it for my wife brand new...15 years of new england winters and ten years of hawaii sand and salt air...cannot kill this baby!
i guess the auto boom of the twenty-teens is over.
You guessed wrong. Those are white-collar workers.
Some US corporations and private companies are not well-structured administratively.
There's a lot of people doing absolutely nothing very slowly. That's a lot of dead-weight for a company to carry, and even that wouldn't be so bad, except for the fact that those people often directly or indirectly interfere in internal processes and decision-making.
You don't need a special assistant to the assistant to the special assistant to the assistant vice-president.
I would hope I don't have to explain why.
Liberal polices have made it nearly impossible to fire anyone, so you end up with "lateral promotions" to get incompetent people the hell out of the way so they stop screwing things up and making a mess of everything.
Here in Europe Ford is also getting rarer and rarer on the roads. Just a few decades ago Ford Fiestas etc. were everywhere.
I think Ford might have focused too much on SUV's, which however are not sought-after abroad where streets are often tight, and gas and insurance for such cars expensive.
That's probably why our roads are full of compact cars, mostly French ones.
I also wonder how Ford's British factories will fare once the UK is out of the EU.
Cost of new vehicles are too high. People are opting for used cars. These automakers want to sell new trucks for 60K each, but do everything imaginable to get out of paying American wages to afford those products. Capitalism is a self regulating system, which is why they are going to struggle to find enough buyers for their products going forward.
Ford sold a record number of F-Series trucks last year. Seems they aren't having any problem finding buyers for them. The $25,000 Fusion sedan, they can hardly give away.
Same story over at GM, which also had layoffs (including a large number of white collar jobs). They've got zero problem selling expensive trucks, SUVs and Corvettes. The commuter sedans are what's dragging them down.
You can't continue to build something nobody wants, and you can't pay people just to stand around and do nothing.
Hyundai and Kia just dont have that longevity. They look nice but our Hyundai at 91K has needed a lot of work and our Ford none at 138K. The Ford before that was 188K (ran but lost brake lines and not worth fixing) and the one before that was wrecked going but strong at 176K. Friends with Hondas and Toyotas seem to be getting into the low 200s with theirs before they are no longer worth fixing.
Seems those of modest means are going to be stuck with Hyundai and Kia.
My Toyota matrix was over 210k when I sold it. My friend who drives it daily says it still runs great and he's had it for 2 years now.
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