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|    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)    |
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