Jeepmojave85
Well-Known Member
Yeah, prices are going to kill this eventually. My 21’ gladiator I bought in October last year is now up 5K to over 60K. That is insane.
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Companies get heavily measured on revenue growth. Yes, the street likes to see margin expansion, but not at the expense of growth.While sales are down, profits are most likely up. This is most likely an intentional change in strategy. Massive price increases, MSRP and above for most dealerships. Sell less vehicles but at higher profit margins.
I agree with you, but folks need to realize, it's not just FCA... ALL cars have gotten overly expensive. 15% of folks now have + $1000 car payments. $1000 is a MORTGAGE payment in my book. Best advise is to save, save, save your pennies, and buy in CASH, or at least have a very hefty down payment to minimize your finance payments, and get you into an immediate equity position.I'm amazed at how the general public seems to have become so numb to trillion dollar spending packages full of BS and cars that cost more than the average persons yearly salary, again simply isn't sustainable on any level...I cringe at how hard the landing is going to be...
$1,000 was a mortgage payment 30 years ago . I'd guess the majority of mortgages are north of $2,500 now.I agree with you, but folks need to realize, it's not just FCA... ALL cars have gotten overly expensive. 15% of folks now have + $1000 car payments. $1000 is a MORTGAGE payment in my book.
OMG... Does that make me OLD?? Ha!!$1,000 was a mortgage payment 30 years ago . I'd guess the majority of mortgages are north of $2,500 now.
You mentioned everything but stagnent incomes.So Wrangler sales are down 11%.
I imagine that’s due to some combination of higher gas prices, higher sticker prices, higher interest rates, production bottlenecks, and the need for a mid-cycle refresh. So not very surprising at all, really.
I have long wondered how far manufacturers can push prices up. With higher interest rates making loans more expensive — and inflation biting every family’s budget — we’re beginning to find out.
Something that can’t go on forever, won’t.
Agree though mortgage payment of $1000 has been gone for a while. Example — Rewind 20 years buy the average single family home at interest rates of that time and you’re still above $1k.I agree with you, but folks need to realize, it's not just FCA... ALL cars have gotten overly expensive. 15% of folks now have + $1000 car payments. $1000 is a MORTGAGE payment in my book. Best advise is to save, save, save your pennies, and buy in CASH, or at least have a very hefty down payment to minimize your finance payments, and get you into an immediate equity position.
But as long as the manufacturers (all of them) continue to cut cheaper cars, and replace them with higher priced options, we're going to be in this situation for a while.
It's going to resolve itself eventually... As Warren Buffet says "when the tide goes out, you will be able to see who was skinny dipping"...
Maybe dealers had them on display? I'm not sure what excuse could be given for the Dodge Darts that went out of production in 2016.Craziest stat is they sold 1 Dodge Viper this year and 4 last year. Where are these new vipers as the last was produced in August 2017?