home bbs files messages ]

Forums before death by AOL, social media and spammers... "We can't have nice things"

   alt.home.repair      Home repairs and renovations      32,593 messages   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]

   Message 31,665 of 32,593   
   Ralph Mowery to All   
   Re: K-shaped cars: New vehicle prices to   
   19 Oct 25 09:52:26   
   
   From: rmowery42@charter.net   
      
   In article <10cqt0f$14ha2$1@solani.org>, address@is.invalid says...   
   >   
   > On 10/16/2025 6:34 AM, Jose Garcia wrote:   
   > > On 10/15/25 13:46, adolph wrote:   
   > >> DETROIT - Look no further than the automotive industry for the latest   
   > >> indication that U.S. consumers could be facing a "K-shaped" economy,   
   > >> where the wealthy keep seeing gains while those who have lower incomes   
   > >> struggle.   
   > >>   
   > >> The average price paid for a new vehicle last month topped $50,000 for   
   > >> the first time ever, Cox Automotive's Kelley Blue Book reported Monday.   
   > >> Meanwhile, auto loan delinquency rates remain near all-time highs for   
   > >> those with low credit ratings.   
   > >   
   > >   
   > > Ross Perot warned us about the giant sucking sound. Well, here we are.   
   > > It's deafening!   
   > >   
   > > I expect China Harbor Freight to be selling cars soon.   
   > >   
   >   
   > What I heard and what Google says: "U.S. EV sales surged a record 40% in   
   > Q3, driven by a rush to buy before the $7,500 federal tax credit expired   
   > at the end of September."   
   >   
   > EV's are expensive and may be responsible for cost increase.   
   >   
   >   
      
   It should not be the average price odf cars but the average price of the   
   cars the common workers buy .  Factor in the high dollar items like the   
   $ 50,000 plus cars that only the rich buy instead of the $ 25 to $ 35   
   thousand cars many buy and the numbers get vrey high.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]


(c) 1994,  bbs@darkrealms.ca