01-13-2021, 09:21 PM | #1 | |
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Average New Car Price Now Exceeds $40,000
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01-13-2021, 10:27 PM | #2 | |
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01-13-2021, 10:32 PM | #3 |
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01-13-2021, 10:36 PM | #4 |
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01-14-2021, 04:23 AM | #5 |
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Canada
2010 base X5M 95t$ 2020 base X5M 130t$ Lots of factors for that price raise, inflation, devaluation of Canadian $, hiring bad design team etc
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01-14-2021, 07:55 AM | #6 |
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It's the $80k+ pick up trucks that make me laugh. You're going to haul scrap and beat the shit out of it so you can have a fully loaded truck with all the bells and whistles?
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01-14-2021, 07:57 AM | #7 | |
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Quote:
https://bimmerpost.com/forums/showthread.php?t=1657874
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01-14-2021, 08:00 AM | #8 | |
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Then you have the other group who buy a luxury truck to drive the same way they would any SUV or Sedan and just haul air and groceries, because they want that "king of the road" seating position.
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01-14-2021, 08:08 AM | #9 |
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"The average price of a new vehicle has topped $40,000 for the first time ever as Americans switch from passenger cars to more-expensive SUVs and pickups."
This article is pretty vague and doesn't say much. Is the average cost of all vehicles available in the USA market approaching 40k? Or is the average cost of all vehicles that are being bought reaching 40k? If it's the former it doesn't really say anything, average costs can go up as more expensive vehicles are made available. There's still PLENTY of cars to choose from that are sub 40k. If it's the latter then sounds like the spending habit of the average consumer has gone up. Cool story. |
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01-14-2021, 08:09 AM | #10 |
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some augmentation to your comment
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01-14-2021, 08:13 AM | #11 |
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Median price of new car purchases is much more useful versus average price.
I do have to say the number of options for the cheaper end cars is drying up. Everyone has to look like they are worth more than they actually are. But there are still options out there. I bought my 2019 C-HR new for $20,600 out the door and it wasn't at the end of the model year run. It was at the very beginning. |
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01-14-2021, 08:44 AM | #12 | |
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Even if americans are turning towards SUVs it doesn't mean they have to spend 40k either. Toyota RAV4, Honda CRV, Ford Explorer, Nissan Rogue, Kia, the list goes on and on for SUVs under 40k. The article should be more about Americans BUYING cars costing 40k or more rather than a supposed average cost of vehicles being 40k. |
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01-14-2021, 09:04 AM | #13 |
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Most don't even haul with them. Around here, a top trim half ton is essentially seen as a rural S class.
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01-14-2021, 09:09 AM | #14 | ||
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For those mentioning where is the average price paid vs cost of a vehicle, there is a brief mention in the article.
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The reason is possibly this. Quote:
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01-14-2021, 09:12 AM | #15 |
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A tiny percentage of work trucks actually cost anywhere close to $80k.
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01-14-2021, 09:16 AM | #16 |
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Why? For the right person and right terms I would be happy to give someone a 10 year loan for anything they want to buy. You may not like the terms but there are numbers that make it work. Likely a bad idea on the buyers side but that is a separate issue.
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01-14-2021, 09:19 AM | #17 | |
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It doesn't mean cars on average are costing that much and people "need to prepare to spend 40k" as the article states. Your quote from Motor1 is accurate would explain things. But USA Today's article is utter shit journalism |
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01-14-2021, 09:27 AM | #18 | ||
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01-14-2021, 09:52 AM | #19 | ||
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That said, the trend away from passenger cars has certainly had an effect on selection for those looking for cheap transportation. If you look at prices of SUVs vs cars for any brand (well, any brand that actually still sells cars, that is), it is almost universally the case that the SUV lineup will have a higher price floor than the car lineup. Indeed - without studying the data, mind you - we may be only a half dozen or so small car discontinuations away from the lowest priced vehicles being sub-compact SUVs starting at roughly $20K, which would be a big jump from today's mid $1X,xxx sub-compact car starting prices. Not that I am saying all those cars *will* be discontinued soon, but it certainly is possible over the next generation or so. |
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01-14-2021, 10:12 AM | #20 |
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I wish my car was average price especially with my fillet mignon taste and spaghetti budget.
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01-15-2021, 02:06 AM | #21 |
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01-15-2021, 01:09 PM | #22 | |
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Honestly... if I was not a car guy... I don't see what more the average person could want in a car. It has AC, sunroof, real wheels, apple car play which gives you navigation, keyless entry and it has a bunch of safety stuff like blind spot monitor and even has adaptive cruise control with lane keeping. I'm sure you can even get leather seats in the higher trim levels. If the shit were to hit the fan tomorrow and I needed to save as much $$ as possible... I would sell all the other vehicles and keep the corolla. |
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