The item should be "good cars". We in Europe sell the Ferrari's, Bugatti's and Lamborghini's. We are in a different level of customer base. Trump has a Ferrari, a Mercedes and 2 Rolls Royce's. Musk has 8 European cars. You're also about to deport cheap labor. Good luck that.
@@blueoval250 It's difficult to tell, because of Poe's Law, if this parody. Fuel injection is amazing. VVTi is amazing. Evap, doesn't hurt a car, but it's decent for getting rid of vapors. The rest of the stuff, I don't care about.
@ of course it’s not parody. Ferrari engines are amazing. They aren’t cheap. A vent is wonderful for getting rid of vapors. You don’t need solenoid valves, canisters, sensors etc
let's just take claim from the beginning of the video: "basic automobile is 50 000 OR MORE". now google this "cheapest honda in usa". it's 17k fit and 21k $ civic. what the hell is crooked nbc talking about? edit: that's price in uk pounds, and fit probably doesn't sell in usa. in usa civic starts at about 25k $. still, that half the 50000 for "basic" car. that average car price is pumped by americans loving suvs and trucks. and that's nonsense.
The real reason is people are stupid enough and will gladly continue to buy even after the prices have skyrocketed so the auto makers and share holders will continue to push as long as the demand is there
That's a good part of it. The other half would be the salaries of CEOs and upper management. They deserve to make good money I'm sure but when it injures the company and they refuse to take pay cuts, you end up with a group of people who don't care if they drive the companies under as long as they get a couple more years at that level of pay. Most anyone else would retire after one year of any of those jobs.
I work with guys that buy 100k trucks just to drive back and forth to work. Then they put 12k worth of wheels and tires on them and complain about the gas prices
I'm convinced the automakers compel their stylists and engineers to deliberately design vehicles that are almost impossible for shade tree wrenchers to work on.
@@Erik_The_Viking so let me get this right with regards to US brands: They make cheap junk cars, but they don’t wanna sell them cheap for what they’re truly worth.
Nope. Americans will no longer buy 'cheap' cars. By 'cheap' I mean smaller cars with few options. Americans want ALL the options...powerful engines, all wheel drive and ALL the luxury options but they want to pay economy cars prices. Americans have become childish and greedy.
Bro, that was like the late 90’s/early 2000’s! That’s no coming back 25 plus years later. Instead, you will be lucky to ever a basic new car at that price! Most people shopping in that bracket now are looking for used cars!
@@Aggie4life77 Nah I leased a 2013 Acura ILX that stickered for $29k then I leased a base 2015 Cadillac ATS that stickered for $34k after that so it's been way less than 20 years since you could get a premium brand car for around $30k.
Illegal in some states, including Texas which is ironically the North American headquarters for Toyota and is also home to Toyota’s largest American factory.
I bought a used Toyota Avalon from off a lot a few months ago. After 6 hours of back and forth, we drove the car home. By the time we got home, we didn't rely care that we had bought a fancy newish car. We were happy it was over. They had sucked all the fun out of it.
the outdated dealership model is also to blame. Dealerships saw the prices they were selling at during the pandemic and wanted to continue those high prices
Way too many bad dealerships out there making that case. If dealerships want to gouge customers non stop they should not be surprised when they get cut out of the picture.
Will keep my 2000 Toyota Tachoma until the wheels fall off. It has manual locks, windows, mirrors, seats, lights, and no touch screen. And no buttons on the steering wheel. Can always keep my eyes on the road.
On the other hand, I bought a used 2004, SL500 with lots of features, it has everything the new cars have. I paid $12,000 for it about 7 years ago. Everything works. Most people can't tell the difference between this 2004 and a new 2024 SL550. I don't buy new cars. I saved $95,000 by not buying a new SL550.
A friend of mine has a 2002-2004 Toyota Corolla and yeah, I can see the appeal of the manual mechanisms. Power windows are faster though, so that gets a pass
@ definitely, i would not go back to manual windows. I got really fast at opening them and could match the speed of my friend’s automatic windows but i love just being able to use a button.
Protest with your wallet. Stop buying these cars! It's that simple. We as tax payers bailed these aswholes out back in 08 and now they squeezing us? Just stop
Funny that they didn't mention that American automotive CEOs make TEN times more than European or Asian ones. When an executive makes 700 times more than the average worker, they might be the problem.
@@domjohnson2579 The factory workers for Mazda, Honda, Toyota, VW, Volvo, Subaru, Audi, are paid just as much as Ford, GM and Chrysler, but their CEO's make less and many of them outperform the American companies. It's not the workers' fault.
@@domjohnson2579 So, I looked it up... average salary for a car factory worker in Japan is $39K a year. Average for the UK is $41K, and in the US it is $34K. Clearly salaries are not the main problem. It's important to consider that many foreign brands have factories in the US that actually pay better wages.
You can't just look at the salary. US workers also get end of the year bonuses (profit sharing) and insane health plans... that's why they call them Cadillac health plans. Add on top of that the pensions until death. When you factor in those extras the actual costs per employee hour of labor goes up about 70%. To be fair, EU and Japan subsidize some of those costs by providing national health care but that's hard to calculate because it ends up working like a flat tax. When you compare the median worker pay to the median vehicle price you see the US worker is making somewhere between 60 to 100% more than their foreign counterpart - at least by purchasing power of being able to buy the very car they make. Maybe not housing, but that's another issue.
@RichardZimmer-tx5pl That's what people fail to realize. In the late 90s a friend of mine dad bought a new f350 he said the payment was more than his house payment. Trucks/cars have always been expensive.
Small cars aren’t suitable to everyone’s work and personal lifestyle. I stopped buying small cars because I couldn’t easily fit my equipment in it and it wasn’t comfortable on long road trips which I frequently make. I got a hitch put on my crossover SUV because I need to move furniture out of a storage out of state. The alternative would be to have to fly down and drive a Uhaul back or hire a moving company. Much cheaper this way.
Just to be clear, electric cars are a scam everything about them is proprietary so you can’t repair your own vehicle that you spent well over $50,000 for the batteries in your electric vehicle don’t last longer than 10 years which means at most your vehicle will last you 10 years and then you have to replace the battery pack and essentially buy a new car your car always has to be connected to the Internet so during a blizzard or hurricane or a real natural disaster your car will be completely useless during a power outage. You will not have access to power up your car and you have no way of storing extra energy for your car in case of an emergency whereas a gas vehicle is not only reliable, and a motor can easily been maintained well over 300,000 miles or well over 30 years. A car can also have gas cans stored in the back trunk so that you have actual emergency fuel with you whenever you need it gas vehicles are more easy to repair and there is a bigger infrastructure for repairs throughout the United States for your gas vehicle , ultimately at the end of the day electric cars are billionaires and government officials attempt to take away your rights and freedoms and control your day-to-day life. Just remember every electric car has to have built-in microphones and cameras so that it can operate its self drive feature meaning that every person who has an electric car is essentially a spy mobile for the government everywhere you go everything you say in or around your car is being recorded at all times and I don’t know about you but I like my privacy …. So unless you see, they’re trying to step-by-step take away your rights and your freedoms and your ability to fix your own car to own your own vehicle own the vehicle that you actually paid $50,000 for they’re trying to take away your ability to drive even by making cars self driving and once there are more self driving cars on the road, I’m sure they will pass law to make it illegal for you to drive your own car and the only way you can get around is with self driving cars so wake up peoplefight for your rights and just say no to the scam that is the electric car
@@BrunoDias1234 electric cars at least have expensive batteries to justify the price. When you see Chevrolet Trax and its price… it should be sold for 10k.
18 years a sales guy here. Experience with several manufacturers. The average American can't afford a term of 48 months on a 25k car. They can afford a 72 month term...but even then your a 520 a month with decent credit and no money down. The reality is most Americans need around a 17 thousand dollar used car that has around 60k miles and is a 2019 or newer for term flexibility with the banks. Because of rising interest rates that's the price range you need to come in under 400 dollars a month. The cost of car insurance is a whole different deal.
We can complain about government subsidies in China all we want but remember we bailed out GM in 2008 and in the following years GM sales in China went up by 1 million per year. China did not complain about that.
I buy very functional cars . Preferably base models with minimal switches. They last long . Even in India they are gradually turning vehicle ownership into a nightmare.
Best we can do is push button electric controlled transmission and electric controlled tailgate/trunk that breaks if you close it by hand (and adds $4000 to the price).
@ I never buy a car with a stereo. Only if my wife nags me pretty bad, do I get a cheap after market touchscreen with Bluetooth. My reasoning is… what good are $1300 iPhones if u use the cars entertainment system?
The older you get the wiser you get. I don't need fancy and the greatest. Just basic transportation for work and leisure. I'd rather have more money in my pocket for investments, retirement and fun. Cars are not an investment
Picked up my 08' Cobalt until it died. Ran it for five years. Learned about undercoating in the Rust belt the hard way. Running another car I found inexpensive (13 C-Max). Intend to run it until it gives up too. Wild that both my vehicles combined cost less than a quarter of a cheap new rig.
In Japan, they make more reliable cars for way less. They make new 600cc cars that cost around $11,000 new. Half that for used. The overpowered/overpriced/overweight car scam is a artificial setup.
I had a great little car in japan, loved it, miss it, I wanted to bring it back to the US. My only fear is that it would have been annihilated in an accident against the tanks here.
That is what is so frustrating. Not only more expensive but less reliable and prone to expensive problems due to poor quality design, materials and components. Paying more for less in effect.
Last two we've bought were around $25K. Honda Civic Sport and Hyundai Elantra SEL. You think after owning these my sons are going to buy a Ford or Chevy?
There's a huge problem with government regulations too. Most people in the "affordable" car market just want a car to take them from point A to point B. New cars are vastly more complex than they need to be. It's sad that no automaker is even able to bring to market an equivalent to a 1998 Toyota Camry. With modern advances in manufacturing processes, it'd be easy to produce a simple, analogue car; no infotainment system, no lane keeping assists, no digital displays, simple, cheap analog gauges with a bare minimum of 'features.' But thanks to regulations that can't happen anymore. There's also the data-gathering aspect too. New cars constantly spy on their owners and gathering that data generates money to the detriment of privacy.
Federal regulations changed back in 2018. All cars have to have back up cameras now which require a screen, thus requiring software, etc. the days of a basic car are over thanks to regulations (and California which started this mess)
Forty years ago the Big Three US automakers complained that the Japanese cars companies were playing unfair because the Japanese were making better, more reliable, more fuel efficient, and cheaper cars than the American brands.
Back then the profit margin on a Japanese car was lower than the US automakers were paying to the union pension per vehicle. And on top of that the Japanese cars were better and cheaper and more fuel efficient. It’s a miracle the US automakers survived as long as they did.
@@Thunderrolls87none of the Japanese plants in the US are union, foreign automakers deliberately build plants in areas that are extremely rural and in states that don’t like unions to get around expensive labor. Nissan started this trend when they build the Smyrna TN plant back in the early 80s and got huge tax breaks and because there is almost no competition in the labor market around that region they can get away with paying less. Unions absolutely have a big part on the cost of vehicles. I am pro union and have had plenty of family that worked for labor unions. Another misconception is all Japanese vehicles are better made and that just isn’t true. Toyota are the only ones who have a strict QC process with its part suppliers and line workers while companies like Nissan and Subaru have had tons of quality issues. The Japanese labor force is generally more disciplined and care about doing a good job more so than Americans but almost every Japanese vehicle you buy in the US is made in North America
More like dealerships sticking a 10k+ tag despite the manufacturer remaining roughly the same. For that reason, I just buy a used car in sub 100k miles and care for it, saving me the hassle and extra 30k sign up. What's better for the environment? Reuse comes before recycle. I can replace the engine and transmission 4 times before coming to that 30k markup.
I don't buy it. It seems like a conspiracy theory. I have had lots of not very bright tradespeople try and tell me, "Oil companies can charge whatever they want for gasoline, because they know you have to buy it". You can get what new car values were back to year 2000 on Carfax. Record the values then and now, then compare against the values the US inflation calculator shows.
@ when you have a greater supply of a product than a demand the prices go down since the buyers have leverage when the demand is greater then the supply the prices get higher. The latter is exactly what happened during Covid when the supply system was broken because of a pandemic. Caused high inflationary practices that takes a long time to actually recover from.
I find it quite interesting to see one person with a $80,000 new shiny pickup truck driving to their local Dollar General store and hauling a bag of groceries to their old trailer home.
The human need to project status can't be underestimated. It seems like people are desperate to attain their desired identity at almost any cost. There's a reason why Bernard Arnault, owner of LVMH is in contention for wealthiest person in the world.
I don’t agree with tariffs but letting someone take advantage of you isn’t good. However, the U.S. automakers should stop overpaying CEOs, but that’s unlikely today because these companies want to also make investors happy. The government needs to revise dealerships regulations or actually take away dealerships.
tbf, the Chinese EVs aren't old enough yet to give us an accurate indication of their reliability, so they could be junk as well. I've seen reviews after one year of ownership, which were positive, but we'll have to wait and see.
Just bring back a basic car or truck, that has zero tech, roll up windows, just an ac and a heater and a radio, and sell that. Not every one wants an iMac on wheels..
@ because in America at least. It seems like most people want a very tech loaded car, that is also very expensive, and very big. Plus if we keep buying this cars what incentive do big corporations have to drop prices. Hell if people are buying my cars for 80k I’m not dropping prices either.
I will NEVER buy NEW car ever again. I only get used cars it's just not worth the expense. $80, $90, $100K for a Pickup Truck is CRAZY who buys these things
I've bought three brand new cars within the last 2 1/2 years. None was over $30K and one was $18.5K out the door. BUT I won't by a $50K pickup much less anything higher priced.
Who buys them? Business owners who need a write-off. They buy in December, take the write off, then bring it back to the dealer in Jan. or March for a check worth 90% of the value. If you know, you know. If you make an arrangement with the GM, he'll take care of you. You buy units to make him commissions, and he'll make sure you get the best trade-in value. Which helps them, because now they can sell "new" cars as used and keep more of the margin. Again, if you know the economics, it makes sense for those with the money.
The automaker's greed will definitely hurt, or destroy, many of them. I haven't purchased a new car in over 8 years and have no plan to in the next few years. If prices are ridiculous I will, simply, but used again. Car prices are WAY out of hand.
FYI every other country that is known for producing good cars (Japan, Germany, South Korea, France, UK, China etc) also have very reliable and efficient public transportation systems. So their respective automakers not only have to compete with foreign competition but also with trains, which forces to be even better. In America, our automakers don't have to deal with either.
The US is way too large and spread out for it to be effective. And most people don’t want to depend on a train schedule. They want to leave when they want to.
please do not mention germany here as a good example - they german car makers are doing exactly the same as the US ones - just a few days ago they announced massive layoffs because they missed their chance on the EV market...
@@shag139 Are you commuting from NYC to LA every day? Trains can absolutely handle a 20 mile commute, and the vast majority of people travel less than 20 miles to work and back. And Chicago and Indianapolis are cities of over 2 million people, and are less than 200 miles away. Trains can handle that distance too. Cleveland to Columbus to Cincinnati, Detroit to Cleveland or Chicago, Minneapolis to Chicago, Nashville to Atlanta, Austin to Dallas, LA to Vegas, there's a thousand places where a train line makes complete sense. The size of the US doesn't matter. The size of your city does, and the distance to the nearby cities. But to answer the original question: the US used to have really good trains and trams in every city, but the car makers actively destroyed them with lobbying to make it illegal for the trains to run more effectively, and then buying up profitable train lines and literally destroying the tracks, among other things. LA used to have the best tram system in the world.
@@shag139ahem, china has more bullet trains than then entire world. Insane number of electric buses and cars. Size is just an excuse billions want you to believe
Well German Car Brands are in a wierd state right now, base features are at a almost reasonable price but as soon as you want additional features or a ev the prices skyrocket to a point where the only logical explanation would be that manufacturers want customers to lease and give them a monthly income instead of a one time profit. And then there are cars like the Sandero or SpacStar for 15k so yea no way i'd ever buy a overpriced german plastic bucket
I own a 17-year-old Japanese car, and I'm spending $2,400 to fix everything wrong with it. It's in the shop right now and will be pretty much "brand new" when it's done. The odometer reads 250,000 miles, yet even in -40°F weather, it has never stalled on me. The heat works perfectly. So why would I buy a new car? The money I saved went into a high-end gaming rig. Buying a new car is an emotional purchase, not a rational one. Some might argue it's for the manufacturer's warranty, but you can purchase warranties for used cars too, or you can just put money aside every month to account for possible repairs instead of paying interest. Do the math and ignore the rest.
My car has 203K on the odometer and has never let me down either. The maintenance has been non existent (knock on wood) outside of routine services like oil changes, brake pads, etc. The only complain I have about my car is there’s no backup camera, although I know can install one. Other than there’s Bluetooth, AC, and I average 31 MPG. Works for me.
When my 20 year old Japanese car craps out, I'm going to replace it with another used one. Bought it for $3200 4 years ago and it hasn't had many issues
False economy. Old cars usually don't have warranties, reliability, the latest safety features, or modern tech. Most normal people want a car that works when they start it. Not everyone wants to work on cars every other month. Just like ambulances are not old vehicles. Reliability is key over saving pennies here and there.
As an old, old American I look at the auto industry these days and just shake my head. My first car which I ordered to my specifications cost just $3600.00. My next new car about 18 months later was a sports car and it cost less than $5K. About 4 years ago I decided that I might want a new car soon and began saving to buy it. When time came to go shop I found that the car that I wanted was no longer being produced (a Chevy Impala). Then when I looked on web sites for cars available I found that you can no longer order the car that you want. The features of cars now come in packages. So if you want a memory seat you have to buy the package that includes a bunch of stuff that you don't want; like a self driving car. As I drive around I take a look at the cars stopped in a big intersection at a traffic light and all of the cars look the same; they all look like black, or gray, or silver, or white boxes with wheels. Its sad what has happened to car production in the US.
And here in NC where I live all of the commercials on TV for new vehicles are for SUV's and trucks. And even with the high discounts sometimes displayed in the ads people don't realize (because you cannot see the fine print) that them trucks cost $75K to $100 K or more, and dealers are adding more options to the trucks to make more money. I have zero interest in any truck or SUV, no matter the price.
The reason the options list shrunk is because it got out of control. In the 1960/1970 you could order 1 million of the SAME model without ever ordering the exact same vehicle twice. The Japanese were smarter than that...part of their success along with JIT inventory, etc. So yes...no longer 30 different color choice and 8 different interior colors/designs to chose from. I agree the pendulum has swung too far to the point of too few choices the way OEMs now package them. Of course it's a way to increase profits, and unfortunately I don't see that changing anytime soon. The shape of cars/SUVs are attributed to the need to make the bodies as aero as possible to meet CAFE regs. But the engines and transmissions of today are so much more efficient than 20/30/40 years ago that I don't think people would mind a small drop in mileage in exchange for more design creativity. Send a letter to your Congressional rep and ask.
Opinion on China aside, Chinese made cars in Australia has created a market where manufacturers are dropping prices to compete resulting in cheaper cars for the consumer.
True, but I've seen some recent exposes about them, that showed the cheap Chinese cars tend to be pieces of junk. Great Wall is reputed to be one of them.
What you describe is basically a race to the bottom. The US Industry used to do that, with each of the Big 3 automakers trying to outsell the other regardless of the profitability. Selling twice as many cars but at a loss turned out to be a really dumb idea. These days the regulations alone demand the investment of massive amounts of money, money they wouldn't have if they didn't hold the line on pricing and profits. The US manufacturers also don't have the ability to pay peanuts for labor and parts like China does. Do you really want American workers to also have to get food stamps and other government assistance on top of their pay? The answer in the US is going to come when the American consumers finally stop buying huge overpriced vehicles. Until the consumer demand changes, the manufacturers would be cutting their own throats to stop offering what the consumers want.
Wow! How is America even allowing Australia to do this? Is this how Australians repay American global leadership? Washington DC needs to demand that Australia stop Chinese auto imports. And instead import cars from America. If Australia does not comply, then those American submarines which are going to be delivered in 2183 AD under the AUKUS pact, will not be delivered until the 23rd century. Australians may have to pay double the current price, but seriously guys, can you put a price on freedom and democracy?
@@haildrreaper US brands haven’t made a reliable car since the early 70’s. The only reason they’ve survived up to now is because of their deceptive marketing. Social media killed the domestic sedan.
@@jogana6909 because dumb people don’t know any better. And they’re in the millions. They think it’s normal that a tranny fails at 50k miles or 4 years. They think 10k miles oil change intervals are great.
As an automotive shop manager, American car makers moved away from cars and focused on the money makers, trucks and SUVs. Japanese automakers like Honda, Nissan and Toyota are still making cars. Sure, they're much more expensive that they were 10 years ago. Our shop is seeing more people keeping Toyota and Hondas with over 200,000 miles. They're built much better than their counterparts.
good point and that is why american cars sales are close to zero outside the US. They don't sell in Europe and they don't sell in Asia and american manufacturer have been protected and bailed out by the US government more than once. The american manufacturers invested everything in what sells in the US, not a very good strategy in a world where you have to compete internationally to stay afloat. Unless you know the government will always come to rescue you like they are doing now with tariffs.
Tarrifs are a good thing, but I guess you want a cheap Chinese EV that burns down buildings. Same thing with VW they lied about battery safety and have been fined by the EU
I can reduce vehicle cost issues in one sentence. Get rid of all the computer crap the automakers put in. I still don’t get how or why a microprocessor shortage even created a vehicle shortage during COVID. Cars made between the 1950s to the 1980s didn’t have all that computer crap in it and Ford and Chevy were able to create vehicles!
0:26 - "Automakers have resisted making cheaper ones" Correction: They are still making the cheaper ones, they are just charging customers more for them.
Absolutely. Consumers won't suffer the resultant markups. Sure some manufacturing might get on-shored, and thats great. But it will not make up for Chinese slave labor.
@2Piornot2Pi Chinese slave labor, typically small-minded, cheaper labor, isn't slave. It's the capitalism system that the West is benefiting from for a long time, and it's getting tight now, like same reason us companies moving to Mexico and china india, taking advantage of currency diff.
So what's the reason for the high costs of Chrysler/Jeep? Dealers are complaining they can't sell enough and the average number of days their cars sit on their lots is around 250.
That doesn’t make any sense. The people paying it can afford it, the people complaining about the prices can’t. It’s simple. Americans make affordable cars as well. This right wing propagandist crap is tired.
Kneecapping foreign competition with tariffs isn't going to make things better for American car makers. What they are supposed to do is get better, because all they are doing now is just slowing down the competition, not stopping. They never learnt this lesson when dealing with Japanese and Korean automakers, and they will fail to learn again.
@@darkstormincAnd if somehow it was the "evil" foreign company paying the tariff, all they'd do is stop selling it here and US customers lose. This is not an issue of China doing anything wrong, it's 100+ year old US car companies not being able to compete anymore and having massive bloated costs due to union workers. The UAW already bankrupted the US auto industry in 2008, they're working on bankrupting it again.
"People want all the bells and whistles" I find that hard to believe, are there really a lot of people asking for "parking assist?" If you can't parallel park you shouldn't have got a license
Yup. And the GOVERNMENT is making it STANDARD equiptment. Its the GOVERNMENT that's forcing this over complicated trash. Don't get us started on the emissions nonsense.
Yeah this checks out they originally sold the maverick for 20k flat and the demand was so high they raised prices and now it’s a 27k vehicle and there’s still plenty of demand
CNBC does not tell the truth about China, 1. China did subsidize all EV cars Made in China, including Tesla in Shanghai. 2. China does not subsidized gas cars, but gas cars in China are also cheaper than US. For instance, the cheapest Toyota Camery 2024 in China is 126,800RMB（or $17,532）in July 2024.
En lugar de explicar porque los coches americanos son tan caros intentan difundir mentiras dice china con las que explicar porque los coches chinos son tan baratos Hablan de trabajo forzado como si un coche fuese un edificio y no se necesitan ingenieros en lugar de personal no cualificado Si no se estudian las cartas de los bm problemas es imposible solucionarlos Aunque los coches chinos sean más caros eso sería sin explicar los precios de EEUU Pero cnbc solo está para hacer lobby
I'm my opinion, that's the benefit of competition. The price of big companies gas cars dropped dramatically. Before, most cars price matched the west. Now, new Chinese companies ev, hybrid, phev make cars cheaper and better in certain aspects. Big companies cars won't sell, therefore they have to drop price. When was the last time NA region had a real competitor to other companies with new technology?
@@magnopranckestradaJusto pense en eso, cuando dicen que las baterías pasan por una cadena que incluye trabajo forzado, yo les preguntaría cuantas empresas estadounidenses no usan baterías de litio que están relacionadas con trabajo forzado? Apple…
Same old story: American greed, American catering to corporations, abuse of tax dollars to bail out corporations, and legislative approaches to handling competition instead of innovating.
America is a buissnes first, Everything is handle And dependent on the money. Under a capitalism so iety unlike other before hand EVERYTHING is depended on corporations for goods and services. The goverment takes hand free has much has possible. The price of freedom is the damnation of the ignorant fool, The good side of these freedom is that if you have 10M you have no limit.
Over regulation and inflation. Both caused by the federal government. Its NOT greed or this would have always been a problem. The unions dont help either.
Nobody bought them. Simple. The trax is an example of a car people are actually buying as it’s a top 15 best selling car year to date. Can’t say the same for the other cheap cars that automakers made like the fit, versa note, focus, Cruze, sonic, etc. People complain about cars getting big, so why aren’t the best sellers changing? Like if a civic and Corolla are as big as a Camry was 20 years ago, why hasn’t the Corolla taken the Camrys place as the best selling sedan in America? Why hasn’t the Ranger taken the F150s place as the best selling truck? Like that’s the other thing that has to change to show people want cheap cars. Start buying the cheaper option and not more than what you need. Don’t just complain when it’s not there.
@@KeithOtisEdwards - ...and that's why in both the auto industry AND the pharma industry, we need to start allowing no-name Chinese companies to sell direct to Americans. Cut the ridiculous ad spend and suddenly things are 15% cheaper, at minimum.
Easy. -Eliminate Overpaid top execs destroying the company. -Allow customers to buy straight from manufacture. Eliminate mandatory dealership aka stealership.
Sounds like a great start. I'd do some followup by cutting the MPG requirements, emissions requirements, and safety requirements. Let the consumer decide how safe or how green they want their vehicle to be.
Greed. They moved the plants to mexico and raised the prices. It’s not about labour and manufacturing costs. It’s about recurring revenue. Higher price, higher margin, more repairs and points of fault due to cheapened manufacturing and complex electronics.
You can’t blame the consumer. I say blame the government for neglecting to develop a better transportation infrastructure in America. The government literally designed our city grids/roads to make us heavily rely on driving cars instead of you know using trains/public buses/subways.
I think it's also "the fault" of better quality vehicles than we used to get. A car will run fine for decades now, and not just if you barely drive it or pamper it, they just keep going. This means people aren't desperate for a new car, they are fine driving the ones they have, and if they need something new, they can get a used car for a fraction of the cost of a new one, that will still last for a decade or more.
The problem is, we dont let them fail. Quite simple, if toyota goes under, novody cares, but if gm goes under, the government step in. Why? Just bcause they are us brand? They dont even make their car in US anymore, honda toyota is more us made than gm and ford. Just let them fail, stop using government money keep bailing them out, keep their shareholders and executives accountable
@@Member00101 Anyone can check this for themselves by checking the 1st character of the VIN. If its: 1,4 or 5 = Assembled in USA 2 = Assembled in Canada 3 = Assembled in Mexico
@@Member00101 we all know that, they don't build their part in house anymore, it used to build everything down to the screw we're built in the same plant. That is not the issue, they did that change to just in time like Toyota did to cut cost, the problem is, somehow their cost is much higher than foreign brand, and their quality are crap, yet they still in business. Why? Because they don't need to worry about going out of business, Boeing is the same, so they don't care, they will get their money, either through sales or government hand out.
@@haihengh yeah the bailout of the big 3 was a huge mistake, only done because they were trying to protect union jobs. On one hand I get it because it's not the workers fault the management were idiots but that's the reality for just about every other worker in the private sector. I've lost a job due to bad management many years ago and there was no government bailout to save my employer back then. Cutting regulations across the board would help new competitors arise but as it stands it's a fascist style system where the US gov has teamed up with businesses.
@@Ziegfried82 It's political. Such large job losses hurt the economy, not only the employees but the local economies they support, e.g., restaurants, grocery stores, retail stores, service industries, etc. The existing administration would be blamed if they did nothing.
I love how they downplay chinese cars/EVs.....I think they forgot that American cars are seen as unreliable, that's why brands like Toyota and Honda are so strong in the US
Lol all cars are the same, I lived in England their precious land rovers are junk. VW has been caught many times in their lies. Toyota has major problems with their new vehicles ever since the new ceo took over. Lol what garbage propaganda that cars are magically better over seas
@Mayamax3 yeah my 2018 Honda Fit was the worst car I ever had. Water leaks, bad interior quality, and several engine issues. Never will buy a Honda again.
Government regulations. Mandatory fuel mileage, strict emission standards, air bags through out the car, mandated warranties on certain parts, mandated refrigerants and fuels and on and on. The government regulations are the reasons car prices are high.
@@swiss86how? Look at infrastructure and tell me how they force you to buy a car for commute and who are they. It takes some time to research but if a regular voter cannot do this kind of research I don’t think democracy works. I lost faith in the US democracy for a long time
Video didn't really mention that these EV cars/increased safety measures are mandated by the US government. There is a quota for emissions in a company's fleet and they have to have a certain number of EV models....hense, the Jeep 4xe. That cost then gets spread across their entire fleet of cars.
Good luck? The car manufacturers will eventually stop making them and stop supporting them (which will make repairs harder). They want new money. Same reason Disney keeps doing remakes: the old stuff can't generate new cash flow.
I paid $25,000 for a brand new 2017 Mustang, in 2017, still driving it into the ground. Next car I’m finding whatever is brand new for $25k and driving it into the ground too. These corporations have lost their minds.
basically a cheap mustang. course a $25,000 mustang from 2017, probably is over $30,000 today. a $25,000 vehicle is challenge today, wont be easier later either
Short term gains are what is killing this country. Something very wrong when a Jeep has to retail for $90k because it cost $63k to build it. The production costs are out of control.
Years ago it was $45/hr but robots have taken a lot of assembly work. The problem is the pension owed to legacy employees even if robots took over current positions the automakers millions and millions of current and future pension debt.
@@knothead5 Labor is less than 10 percent. There's a lot of things that have driven up the cost of vehicles. The price of raw steel is a big one. Plus all the new technologies in a lot of them that are mentioned in the video. As well as increased government mandated safety and emissions standards that get stricter and stricter as well as more expensive as the years go by.
@@hkraytai I worked with a guy who was a UAW member. He said under a contract where he worked in the past, if a UAW member was on permanent layoff and took a job at, say, $10 an hour, the auto company had to make up the difference for the union scale.
Crossovers are not Sport Utility Vehicles. SUVs are built like trucks with a body sitting on a frame. Crossovers have a unibody chassis. And example of this is the Toyota RAV4 is built on the TNGA chassis like the Camry. The Toyota 4Runner is built on top of a frame like the Tacoma. This is a hard concept for a lot of people to grasp
Kind of like the argument about magazines versus clips. Yeah, the people really into it know the difference but your average person doesn't know and probably doesn't care.
Agree. Among other factors, also consider your average "car" buyer also weighs about 320 pounds now. Indeed they do not need a truck or a real SUV. They just need something wide enough to fling their tubby butt down the highway. Even so, if you load that thing down with 4 Americans, you probably should have a truck frame. Either way, cross overs are dumb.
I purchased a China suv in Costa Rica last month. Prior to buying it, we test drove a dozen vehicles. All of the Chinese vehicles offered a ton of safety features for a fraction of the other brands. At the end of the day the Chinese vehicles smoked all the other brands with a way longer warranty. For example ford is 3yo 36,000 miles, Toyota was 2yo 20,000 klm, while the Chinese were 5-10yo with 200,000 klms The dash screen is 15.6” with voice commands for just about everything from turning on the AC to rolling down the windows. We bought the Jetour T2
I bought a 2009 Honda Fit new and paid $17, 074 with a cashier's check. It has covered 193K miles with very little in the way of repairs and (knocking on wood) still fires right up each and every time. I hope to cover 300K 'cause I really like the car.
American car manufacturers executives are profit driven only. As long as they are raking in huge profits off of expensive models, they will continue down this road. There is a limited market for expensive cars in this country. What percentage of Americans are buying $50,000 plus vehicles? Many people will continue to keep & repair their cars or simply buy used. Cars are not investments, why max out on a depreciation asset?
Here's a thought, make a good frame, good drivetrain, easy to repair, get rid of the touch screens, get rid of a lot of the features. You could radically reduce the number of parts necessary to create a vehicle if the goal was to make efficient, good for performance, ease of repair and long life span. Cars are far more complicated today than they need to be
@@硕耀梁 Smartphones are not cars. Cars are not smartphones. They serve completely different purposes. Asking this question is akin to "Why doesn't a plumber use a violin?"
well, most on the list are business. and businesses are in business to make money. OEMs make more from the higher MSRP vehicles than the cheap one, and dealer who set the FINAL price make more money from higher priced vehicles too. even during COVID/Supply chain crash, there people who have to have a vehicle to get to work (public transit isnt a thing almost everywhere in the US). well government in the US is driven more by corporations than its citizens, so not they wont step in to this. now banks why they would fund a loan for more than the asset (vehicle) is worth brand new. stimulus wasnt all that big for individuals, but it seems some businesses used it to stay afloat, or come back from the dead
@LS-uv9gg I hear you. One of my two was a replacement when a 16 year old pulled out of a side street, and we T-boned him at 50 mph. Fingers crossed, this is the last 2. We only drive 10k miles a year total, and our vehicles have 6k and 22k miles each.
As soon as corporations started producing for the benefit of the shareholders, instead of producing for the benefit of the customers, the whole country started to go downhill.
Every time I see layoffs and the CEO getting compensated it makes me crazy, 1000 workers and CEO gets 50 million raise, that's the salary for all the workers for one year
Anyone can bolt lug nuts on all day. Very few people have the skills to manage an international company with hundreds of thousands of workers. When you find someone with those skills, you pay them well to keep them from leaving.
@@bwofficial1776 US wealth inequality reached proposterous levels. Over 40 years the bottom 90% got 26% more income, the top 1% got 150% extra and the top 0.1% paid themselves 345% extra. If you believe the elites are actually worth all that extra money on top of the very high income they already had, I have a bridge or two to sell you.
I imported my 800cc Daewoo Matiz - I get 51 MPG and can go on the highway with it (with the AC on, at least down hills :P) You'll never see me in anything over 10k, and that'll be paid out up front.
Spend your money wisely-invest in quality where it counts, for it often outlasts the cost of cheapness. Yet, remember that sometimes the simplest, least expensive option is the real gem in disguise.
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My wife and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
Complain all you want but the fact is Americans have continued to buy these vehicles. There is no incentive for the carmakers to change until they start losing massive amounts of money.
America used to have small car makers to increase competition and stabilize prices, but like so many of our industries, government over regulation makes that impossible in modern times. Americans are left with whatever big business tells them they can have at whatever price they are forced to pay.
Just to be clear, electric cars are a scam everything about them is proprietary so you can’t repair your own vehicle that you spent well over $50,000 for the batteries in your electric vehicle don’t last longer than 10 years which means at most your vehicle will last you 10 years and then you have to replace the battery pack and essentially buy a new car your car always has to be connected to the Internet so during a blizzard or hurricane or a real natural disaster your car will be completely useless during a power outage. You will not have access to power up your car and you have no way of storing extra energy for your car in case of an emergency whereas a gas vehicle is not only reliable, and a motor can easily been maintained well over 300,000 miles or well over 30 years. A car can also have gas cans stored in the back trunk so that you have actual emergency fuel with you whenever you need it gas vehicles are more easy to repair and there is a bigger infrastructure for repairs throughout the United States for your gas vehicle , ultimately at the end of the day electric cars are billionaires and government officials attempt to take away your rights and freedoms and control your day-to-day life. Just remember every electric car has to have built-in microphones and cameras so that it can operate its self drive feature meaning that every person who has an electric car is essentially a spy mobile for the government everywhere you go everything you say in or around your car is being recorded at all times and I don’t know about you but I like my privacy …. So unless you see, they’re trying to step-by-step take away your rights and your freedoms and your ability to fix your own car to own your own vehicle own the vehicle that you actually paid $50,000 for they’re trying to take away your ability to drive even by making cars self driving and once there are more self driving cars on the road, I’m sure they will pass law to make it illegal for you to drive your own car and the only way you can get around is with self driving cars so wake up peoplefight for your rights and just say no to the scam that is the electric car
lot of people said that automakers WON'T make cheap cars. In fact, automakers just WON'T sell cars cheap. Take Carolla as example, The 2024 Corolla 1.8L hybrid has a starting price of $13,000 in China, but US consumers can expect to pay at least twice as much for the equivalent model.
Another thing to consider is warranty. What is the warranty period on a chinese Toyota, compared to a US Toyota. Would be longer on the US sold one. Plus Consumer Law in the US being harsher on manufacturers. Both aspects mean that the more is being put aside on every car sale for warranty claims.
Problem is every American wants to be seen in a new flashy car to show it off. There is still great used Toyota, Hondas, for 13-15k that will outlast any of this new junk. No one is forcing people into a new car every 2-3 years
C'mon, not every American cares to be seen in a flashy new car. Just from the majority of comments on this video and those on other car related videos, most just want an affordable reliable car to get from A to B.
As someone who's family has enjoyed *nothing but* foreign made cars, such as Honda, all their life: Your friends have *been* wrong for 30+ years. Foreign cars are the best cars. PERIOD. I loved our Honda CRVs, Hyundai Elantras, Accords and Civics throughout the years! Nothing beats foreign. Everyone knows that. Even Americans. Your friends need to do more research!
@ I have had only “American cars” for resale or flipping, I wouldn’t expend my money on two American things: cars or beers, I just buy Honda or Toyota nothing else, there was a time when my family owned an Acura RDX, Acura TSX, Honda Accord and Honda Civic, now i personally own a Camry 😉
The US DOES make cheap cars, but they are expensive. There's a difference between "cheap" and "inexpensive". "Cheap" is a measure of quality. "Expense" is a measure of cost. It's the cheap man that spends the most money, because he has to soon replace the junk.
I'm currently in negotiations with a Subaru dealership to buy a 2024 Impreza base model for $21,500, plus tax and that includes destination..and they're willing to pay 110% of the KBB blue book value or the CarMax offer, whichever one is greater. They're trying to clear out the '24 models with the '25 models coming in soon. It has a decent sized cargo area, is plenty roomy for 4 adults and has a very comfortable suspension. Subaru is offering 2.9% APR for 48 months this month on the Impreza's. There is no reason to drop $50,000+ on a brand new vehicle, if the monthly payments are more than 10% of your total income. There are reasonably priced cars and most manufacturers usually have special in-house financing if you do your research.
@@stephenriggs8177 Oh wow, yeah if it only has 40,000 miles, there is no reason to get another car unless you just really want something new with the latest and greatest in technology and automotive advancements (no judgement there, we all like new and nice things). For me, I plan on doing about 25,000 miles per year, so I'll probably keep it until at least 100k/4 years and then consider whether or not the suspension parts are starting to go out and will need a full rebuild, and what those costs are.
I have a 2018 Honda Accord. Bought it in 2018 at the time driving over 150 miles a couple times a week. Went full remote in 2020. Only has about 42,000 miles on it. Plan on keeping it as long as it will run. I don't have a car payment.
Can't blame it on the UAW anymore, since most American cars are no longer made in America. The real problem is ever increasingly stringent government regulations in regards to emissions and fuel economy. That drives up r&d cost and creates extremely expensive, yet unreliable vehicles. Just look at what things like cylinder deactivation and DEF is doing to engines.
My friend lives in China and he told me that he bought an EV BYD for less than $25000 with plenty of tech and so far he said very reliable. I am still driving my 15 year old Honda and won't get a new car due to high prices.
@@lawrenceralph7481 A failing country lol. America's best days are behind it no matter who's in office. This country is falling apart and can't get it together while China's leadership knows what it's doing.
i doubt that's the case. three of my Chinese friends told me the EV craze there is just media hype, many young people ditched EV to buy Petrol cars in few months because those cheap EVs had plenty of cost cutting in all the wrong areas.
Because we deny competition from around the world (especially EVs) and tariffs on cars not made in America It’s just about keeping cheaper competition out to keep prices higher
On the topic of EVs most of those Chinese EVs don't meet American regulatory standards. You'd have to cut regulations or those vehicles still wouldn't be sold even without the tariffs.
@@Ziegfried82 If Chinese EVs can't pass US regulations without major modifications then why bother tariffs? The existing regulations would have kept Chinese cars out without tariffs. The fact is that without tariffs, the Chinese can easily modify their vehicles to pass US regulations and sell cheap EVs in the US. You just assume that Chinese regulations are much laxer than US regulations without even looking into the facts. One more thing, Chinese EVs are sold in many countries in Europe, and you can look into their crash test results to see how they are rated in Europe.
well check Nissan, other than a few vehicles, they havent refreshed many of their vehicles. and they are just about to crash. but then model refreshes in the US is something that started in the 1920s.
You and just a handful of people would be the only ones. I've seen too many people post comments that they trade their cars in after just 2 or 3 years because they want the latest and greatest.
So, what we're saying is that the US and Western auto makers cannot figure it out. Yes, there are many factors at play. One big factor that will affect things in the next 1-3 years, many people not buy, or refuse to buy, new vehicles, further dwindling profits and putting pressure on the used car markets. What countries make parts? Canada, Mexico, and China (BRICS). Either US economy can make the pivot, or it will further dwindle in stature and power, ultimately becoming a second-rate, downgraded economy. I mean, wow, who cannot see this coming...
I've seen ridiculous dealer markups. The most egregious was $650 for wheel locks. I burst out laughing when I saw that. When I complained to the salesman that I could buy a set for less than $40 at a local auto parts store, his defense of the markup was that it was for convenience since it was already installed. I told him to take it off. 🤣
@@theotheleo6830 --Well, at least you could see that the wheel locks were installed, stuff like that"paint and fabric protection" plus tires filled with nitrogen I'd avoid since there's no way to know if they are really on the car.
Title should say "why automakers WON'T make cheap cars"
The government
Profit. The margins are slimer and those customers probably won't be able to add upgrades.
Plus, why buy an expensive new cheap car when you can get more bang for your buck with used.
@@B86432
The government has control over emission standards and setting fuel economy standards, not car prices.
The item should be "good cars". We in Europe sell the Ferrari's, Bugatti's and Lamborghini's. We are in a different level of customer base. Trump has a Ferrari, a Mercedes and 2 Rolls Royce's. Musk has 8 European cars.
You're also about to deport cheap labor. Good luck that.
Mechanic of 24 years here ... They CHOOSE not to make a cheap car. PERIOD.
Monopolies and collusion - keep the asking prices high.
It’s illegal to make a cheap car. They’re full of unnecessary garbage, VVT, fuel injection, EVAP, cameras, air bags etc the list is endless.
@@blueoval250 It's difficult to tell, because of Poe's Law, if this parody. Fuel injection is amazing. VVTi is amazing. Evap, doesn't hurt a car, but it's decent for getting rid of vapors. The rest of the stuff, I don't care about.
@ of course it’s not parody. Ferrari engines are amazing. They aren’t cheap.
A vent is wonderful for getting rid of vapors. You don’t need solenoid valves, canisters, sensors etc
You don't even need to be a mechanic to figure THAT out right from the get go!
They make a lot of cheap cars; they just dont sell them inexpensively.
Americans refuse to drive small cars. Cheap cars are mostly small cars.
@@alphatrion100 Reading comprehension must not be ur thing. Cheap cars, he said. Not inexpensive. He was being clever but you really missed the point
let's just take claim from the beginning of the video: "basic automobile is 50 000 OR MORE".
now google this "cheapest honda in usa". it's 17k fit and 21k $ civic. what the hell is crooked nbc talking about?
edit: that's price in uk pounds, and fit probably doesn't sell in usa. in usa civic starts at about 25k $.
still, that half the 50000 for "basic" car. that average car price is pumped by americans loving suvs and trucks. and that's nonsense.
@@ivok9846i think the point here that driving a suv or truck being the normal(what's american are known for) hence make them basic cars in the US
Well said
Shareholders are the real reason why prices can't come down, short term profit and buy backs over long term solutions.
The real reason is people are stupid enough and will gladly continue to buy even after the prices have skyrocketed so the auto makers and share holders will continue to push as long as the demand is there
That's a good part of it. The other half would be the salaries of CEOs and upper management. They deserve to make good money I'm sure but when it injures the company and they refuse to take pay cuts, you end up with a group of people who don't care if they drive the companies under as long as they get a couple more years at that level of pay. Most anyone else would retire after one year of any of those jobs.
Somehow all the Japanese carmakers have stock too
Bingo!!
I work with guys that buy 100k trucks just to drive back and forth to work. Then they put 12k worth of wheels and tires on them and complain about the gas prices
😂
Sounds like the average American to me, sadly.
@ and they’re already expecting no taxes on overtime and income tax 😂😂. Everyone that works shift work in refineries is expecting it
Stupid is as stupid does. Eventually, like gravity, the economics will catch up.
Freedom to be stupid and the fool is always easily separated from their money.
Its not just competition that they're afraid of. They're against the right to repair.
And the sell the most unreliable junk
Like John Deere.
I'm convinced the automakers compel their stylists and engineers to deliberately design vehicles that are almost impossible for shade tree wrenchers to work on.
Normal competition will affect "national security". The logic is shameless
Thousands to repair anything. Months of waiting for a single, small part.
"Automakers WON'T make cheap cars because they addicted to selling overpriced crap cars and don't want foreign competition" - FTFY
This million times. They'd lobby to make sure other automakers never make it to the state.
and dealers wont order them if they did
@@Erik_The_Viking so let me get this right with regards to US brands:
They make cheap junk cars, but they don’t wanna sell them cheap for what they’re truly worth.
You are completely right, they can import from South America where they assemble good economic cars that won’t brake your bank account.
Nope. Americans will no longer buy 'cheap' cars. By 'cheap' I mean smaller cars with few options. Americans want ALL the options...powerful engines, all wheel drive and ALL the luxury options but they want to pay economy cars prices. Americans have become childish and greedy.
So, I'll save you 14 minutes: corporate greed.
Well said 👏🏾👏🏾👏🏾👏🏾
You missed gov protection.
Greed is a human trait, corporations are just the tool used.
I remember a time when $30k got you into premium car territory. This is just sad.
Bro, that was like the late 90’s/early 2000’s! That’s no coming back 25 plus years later. Instead, you will be lucky to ever a basic new car at that price! Most people shopping in that bracket now are looking for used cars!
@@Aggie4life77and 90’s cars were the most reliable, and they haven’t made plastic powertrain parts yet
@@Aggie4life77 $30k for used cars? No not really unless they have 100 miles on them or something.
@@Aggie4life77 Nah I leased a 2013 Acura ILX that stickered for $29k then I leased a base 2015 Cadillac ATS that stickered for $34k after that so it's been way less than 20 years since you could get a premium brand car for around $30k.
Like 2018 :)
Toyota should start selling cars directly to customers. I'll pay the same money, just spare me the humiliation of talking to a professional liar.
😂 I agree!!!
Illegal in some states, including Texas which is ironically the North American headquarters for Toyota and is also home to Toyota’s largest American factory.
I bought a used Toyota Avalon from off a lot a few months ago. After 6 hours of back and forth, we drove the car home. By the time we got home, we didn't rely care that we had bought a fancy newish car. We were happy it was over. They had sucked all the fun out of it.
Exactly!!!
Government made it that way. They protect dealers.
the outdated dealership model is also to blame. Dealerships saw the prices they were selling at during the pandemic and wanted to continue those high prices
Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer
They’re like barbers
35 dollars is the new regular price in a lot of shops nos
@@anthonyfournier173160 to 90
@@anthonyfournier1731 I don't understand why people just don't by a machine and do it themselves at home 🤷🏾♂️.
Way too many bad dealerships out there making that case. If dealerships want to gouge customers non stop they should not be surprised when they get cut out of the picture.
Will keep my 2000 Toyota Tachoma until the wheels fall off. It has manual locks, windows, mirrors, seats, lights, and no touch screen. And no buttons on the steering wheel. Can always keep my eyes on the road.
I have a 2011 and that is staying with me till i am forced to replace it. I love not having a touch screen or those keyless fobs.
On the other hand, I bought a used 2004, SL500 with lots of features, it has everything the new cars have. I paid $12,000 for it about 7 years ago. Everything works. Most people can't tell the difference between this 2004 and a new 2024 SL550. I don't buy new cars. I saved $95,000 by not buying a new SL550.
A friend of mine has a 2002-2004 Toyota Corolla and yeah, I can see the appeal of the manual mechanisms. Power windows are faster though, so that gets a pass
@ definitely, i would not go back to manual windows. I got really fast at opening them and could match the speed of my friend’s automatic windows but i love just being able to use a button.
Protest with your wallet. Stop buying these cars! It's that simple. We as tax payers bailed these aswholes out back in 08 and now they squeezing us? Just stop
You know they classify these companies as to big to fail. We'll just bail them out again.
@@dakawans83it's because of the jobs and industry, they will always protect it
You’re absolutely right. They are making them because enough Americans still buy them.
I need a car to keep money in my wallet.
@@Distortic you need a brand new 50k+ car right off the lot?
Just bring back basic sedans man. Not everyone wants a truck or SUV 😭😭😭
🎯
Tesla Model 3
The problem is that most Americans do want trucks or SUVs
They would if people brought them trust me.
Would rather have a hatchback
Funny that they didn't mention that American automotive CEOs make TEN times more than European or Asian ones. When an executive makes 700 times more than the average worker, they might be the problem.
And what about the most overpaid factory workers on the planet? No blame for them? Their payrolls are a hundred times the executives.
@@domjohnson2579 The factory workers for Mazda, Honda, Toyota, VW, Volvo, Subaru, Audi, are paid just as much as Ford, GM and Chrysler, but their CEO's make less and many of them outperform the American companies. It's not the workers' fault.
@@domjohnson2579 So, I looked it up... average salary for a car factory worker in Japan is $39K a year. Average for the UK is $41K, and in the US it is $34K. Clearly salaries are not the main problem.
It's important to consider that many foreign brands have factories in the US that actually pay better wages.
You can't just look at the salary. US workers also get end of the year bonuses (profit sharing) and insane health plans... that's why they call them Cadillac health plans. Add on top of that the pensions until death. When you factor in those extras the actual costs per employee hour of labor goes up about 70%. To be fair, EU and Japan subsidize some of those costs by providing national health care but that's hard to calculate because it ends up working like a flat tax. When you compare the median worker pay to the median vehicle price you see the US worker is making somewhere between 60 to 100% more than their foreign counterpart - at least by purchasing power of being able to buy the very car they make. Maybe not housing, but that's another issue.
They are the company owners voice, if you dont like it change to other brand. Period
I'm old enough to remember when Corvettes sold for an exorbitant $25,000, and the average new car was $5,000. Wow!
Well, that's when burgers are sold for 59 cents.
Since 1977, the dollar is worth 1/5th of what it was, so adjusting for inflation, today's car prices are pretty much the same.
@RichardZimmer-tx5pl That's what people fail to realize. In the late 90s a friend of mine dad bought a new f350 he said the payment was more than his house payment. Trucks/cars have always been expensive.
Drive a big car and neglect your retirement. The American way
MERICA!!
And haul the boat and camper too! All for a nickel down and a nickel a month.
Small cars aren’t suitable to everyone’s work and personal lifestyle. I stopped buying small cars because I couldn’t easily fit my equipment in it and it wasn’t comfortable on long road trips which I frequently make. I got a hitch put on my crossover SUV because I need to move furniture out of a storage out of state. The alternative would be to have to fly down and drive a Uhaul back or hire a moving company. Much cheaper this way.
@@anndeecosita3586 you still made a mistake, you could've purchased a uhaul truck.
🤣🤣🤣
People paying $100k for a Ford, Chevy or Chrysler are idiots.
Just to be clear, electric cars are a scam everything about them is proprietary so you can’t repair your own vehicle that you spent well over $50,000 for the batteries in your electric vehicle don’t last longer than 10 years which means at most your vehicle will last you 10 years and then you have to replace the battery pack and essentially buy a new car your car always has to be connected to the Internet so during a blizzard or hurricane or a real natural disaster your car will be completely useless during a power outage. You will not have access to power up your car and you have no way of storing extra energy for your car in case of an emergency whereas a gas vehicle is not only reliable, and a motor can easily been maintained well over 300,000 miles or well over 30 years. A car can also have gas cans stored in the back trunk so that you have actual emergency fuel with you whenever you need it gas vehicles are more easy to repair and there is a bigger infrastructure for repairs throughout the United States for your gas vehicle , ultimately at the end of the day electric cars are billionaires and government officials attempt to take away your rights and freedoms and control your day-to-day life. Just remember every electric car has to have built-in microphones and cameras so that it can operate its self drive feature meaning that every person who has an electric car is essentially a spy mobile for the government everywhere you go everything you say in or around your car is being recorded at all times and I don’t know about you but I like my privacy …. So unless you see, they’re trying to step-by-step take away your rights and your freedoms and your ability to fix your own car to own your own vehicle own the vehicle that you actually paid $50,000 for they’re trying to take away your ability to drive even by making cars self driving and once there are more self driving cars on the road, I’m sure they will pass law to make it illegal for you to drive your own car and the only way you can get around is with self driving cars so wake up peoplefight for your rights and just say no to the scam that is the electric car
I know right
I mean a Chevy volt is like 50000 dollars
at that price just buy the benz
Still too much. More than the average american wage. @@stephaniewilliams168
Once again, in my opinion, the term “cheap” is being misused. U.S. automakers do make “cheap” cars but “inexpensive” they are not.
No, There are not, electric cars are expensive the basic price for one is 20.000
I think they mean affordable.
Semantics
@@BrunoDias1234 electric cars at least have expensive batteries to justify the price. When you see Chevrolet Trax and its price… it should be sold for 10k.
@@mmoreno7137 they know what it mean, they intentionally use the word cheap to down play other side.
18 years a sales guy here. Experience with several manufacturers. The average American can't afford a term of 48 months on a 25k car. They can afford a 72 month term...but even then your a 520 a month with decent credit and no money down. The reality is most Americans need around a 17 thousand dollar used car that has around 60k miles and is a 2019 or newer for term flexibility with the banks. Because of rising interest rates that's the price range you need to come in under 400 dollars a month. The cost of car insurance is a whole different deal.
100% accurate, but even $400 per month is ridiculous. A short 10 yrs ago you could get a car for $250 per month on a 60 month term.
We can complain about government subsidies in China all we want but remember we bailed out GM in 2008 and in the following years GM sales in China went up by 1 million per year. China did not complain about that.
Toyota received bailout money too
@@Viper81766 um.. won't be the last time.
Bailed both Ford and Chrysler.
@@TheSjuris I don't think Ford got any money. They planned in advance for funding.
@@Viper81766from who?
I love how as expensive as they are, they also consistently rank at the bottom of car reliability surveys
Tesla usually ranks near the bottom in reliability.
big three quality is in the toilet.
especially stellantis
Make TOYOTA 🗾 Great Again 😎 Scotty Kilmer
@@subaruamazon”big 3”
You mean the failed 3😂
I'm an old guy, but I remember when all people wanted in a car was for it to run well and have a stereo and heat / air.
I buy very functional cars . Preferably base models with minimal switches. They last long . Even in India they are gradually turning vehicle ownership into a nightmare.
Best we can do is push button electric controlled transmission and electric controlled tailgate/trunk that breaks if you close it by hand (and adds $4000 to the price).
@LifeisGood762 lol
Stereo? Ooo-la-la! 😂 I would totally take crank windows, but I wonder how much money would it save to get rid of the "unnecessary" technology.
@ I never buy a car with a stereo. Only if my wife nags me pretty bad, do I get a cheap after market touchscreen with Bluetooth. My reasoning is… what good are $1300 iPhones if u use the cars entertainment system?
Because of greed, they will not make a basic car.
The older you get the wiser you get. I don't need fancy and the greatest. Just basic transportation for work and leisure. I'd rather have more money in my pocket for investments, retirement and fun. Cars are not an investment
They are a depreciating asset that's for sure. And the fancier the car, the more expensive the maintenance.
Not only do all those gadgets and gizmos increase the cost of a vehicle, they increase repair costs as well.
Why, that is UNAMERICAN!
My car is an ‘03, wheels haven fallen off just yet.
Picked up my 08' Cobalt until it died. Ran it for five years. Learned about undercoating in the Rust belt the hard way.
Running another car I found inexpensive (13 C-Max). Intend to run it until it gives up too.
Wild that both my vehicles combined cost less than a quarter of a cheap new rig.
In Japan, they make more reliable cars for way less. They make new 600cc cars that cost around $11,000 new. Half that for used. The overpowered/overpriced/overweight car scam is a artificial setup.
I had a great little car in japan, loved it, miss it, I wanted to bring it back to the US. My only fear is that it would have been annihilated in an accident against the tanks here.
@stalex801 I would feel the same. however I could still get scrapped by a semi while driving any american car.
kei cars are great when the roads are orderly and not a lot of distracted/drunk drivers.
Make TOYOTA Prius Great Again 😎 Scotty Kilmer
Gas cars are expensive on purpose so people move to electric cars which they can control and shut down.
avg cars being $50k is crazy. most of these cars are only worth half that and constantly using cheaper materials
That is what is so frustrating. Not only more expensive but less reliable and prone to expensive problems due to poor quality design, materials and components. Paying more for less in effect.
In the UK this is more like $60k!
Last two we've bought were around $25K. Honda Civic Sport and Hyundai Elantra SEL. You think after owning these my sons are going to buy a Ford or Chevy?
A limited number of manufacturers jointly monopolized the market.
I dont get it you can buy an entry level sedan with low miles for 15,000. Just never buy a brand new car.
There's a huge problem with government regulations too. Most people in the "affordable" car market just want a car to take them from point A to point B. New cars are vastly more complex than they need to be. It's sad that no automaker is even able to bring to market an equivalent to a 1998 Toyota Camry. With modern advances in manufacturing processes, it'd be easy to produce a simple, analogue car; no infotainment system, no lane keeping assists, no digital displays, simple, cheap analog gauges with a bare minimum of 'features.' But thanks to regulations that can't happen anymore. There's also the data-gathering aspect too. New cars constantly spy on their owners and gathering that data generates money to the detriment of privacy.
Federal regulations changed back in 2018. All cars have to have back up cameras now which require a screen, thus requiring software, etc. the days of a basic car are over thanks to regulations (and California which started this mess)
Forty years ago the Big Three US automakers complained that the Japanese cars companies were playing unfair because the Japanese were making better, more reliable, more fuel efficient, and cheaper cars than the American brands.
They upped their game too, for a while.
Back then the profit margin on a Japanese car was lower than the US automakers were paying to the union pension per vehicle. And on top of that the Japanese cars were better and cheaper and more fuel efficient. It’s a miracle the US automakers survived as long as they did.
@@omnimoeishJapanese workers are union to. And the US automakers are not going away. GM recently posted ots best qtr yet.
Have you not lived in America. America is afraid to compete in a world market. Cuz when they do they fail.
@@Thunderrolls87none of the Japanese plants in the US are union, foreign automakers deliberately build plants in areas that are extremely rural and in states that don’t like unions to get around expensive labor. Nissan started this trend when they build the Smyrna TN plant back in the early 80s and got huge tax breaks and because there is almost no competition in the labor market around that region they can get away with paying less.
Unions absolutely have a big part on the cost of vehicles. I am pro union and have had plenty of family that worked for labor unions.
Another misconception is all Japanese vehicles are better made and that just isn’t true. Toyota are the only ones who have a strict QC process with its part suppliers and line workers while companies like Nissan and Subaru have had tons of quality issues. The Japanese labor force is generally more disciplined and care about doing a good job more so than Americans but almost every Japanese vehicle you buy in the US is made in North America
after covid, automakers realized that they can double to tripple car prices and people still buy.
Chevy and Ford got out of the car business in 2018.
Idiots buy.
More like dealerships sticking a 10k+ tag despite the manufacturer remaining roughly the same.
For that reason, I just buy a used car in sub 100k miles and care for it, saving me the hassle and extra 30k sign up. What's better for the environment? Reuse comes before recycle.
I can replace the engine and transmission 4 times before coming to that 30k markup.
I don't buy it. It seems like a conspiracy theory. I have had lots of not very bright tradespeople try and tell me, "Oil companies can charge whatever they want for gasoline, because they know you have to buy it". You can get what new car values were back to year 2000 on Carfax. Record the values then and now, then compare against the values the US inflation calculator shows.
@ when you have a greater supply of a product than a demand the prices go down since the buyers have leverage when the demand is greater then the supply the prices get higher. The latter is exactly what happened during Covid when the supply system was broken because of a pandemic. Caused high inflationary practices that takes a long time to actually recover from.
I find it quite interesting to see one person with a $80,000 new shiny pickup truck driving to their local Dollar General store and hauling a bag of groceries to their old trailer home.
You can’t show off your home like you can with your car. Americans are stuck in this mindset until the limit is absolutely reached.
The human need to project status can't be underestimated. It seems like people are desperate to attain their desired identity at almost any cost. There's a reason why Bernard Arnault, owner of LVMH is in contention for wealthiest person in the world.
That’s sad 😢😢
Thats no different than someone on food stamps with a Coach bag other than it's worse.
I seen a lot of homeless people sleeping on their new car models.
All the guys seem to want pick-up trucks that cost a fortune and are unreliable. Very stupid imo.
They put tariffs on Chinese cars so can charge you 60k for a junk jeep.
I don’t agree with tariffs but letting someone take advantage of you isn’t good. However, the U.S. automakers should stop overpaying CEOs, but that’s unlikely today because these companies want to also make investors happy.
The government needs to revise dealerships regulations or actually take away dealerships.
tbf, the Chinese EVs aren't old enough yet to give us an accurate indication of their reliability, so they could be junk as well. I've seen reviews after one year of ownership, which were positive, but we'll have to wait and see.
Fiat +Jeep =junk .
@@theotheleo6830I've owned over 60 vehicles, cars, trucks, vans, and European cars, but never owned an Asian car. Would never risk my life in one.
I don't care Chinese cars or whatever. I just want to be able to afford a new car.
Just bring back a basic car or truck, that has zero tech, roll up windows, just an ac and a heater and a radio, and sell that. Not every one wants an iMac on wheels..
If that was a profitable business, then why haven't any competitors entered the market and produced such a product?
@ because in America at least. It seems like most people want a very tech loaded car, that is also very expensive, and very big. Plus if we keep buying this cars what incentive do big corporations have to drop prices. Hell if people are buying my cars for 80k I’m not dropping prices either.
@@luxPacificusbecause americans have an attitude of bigger is better
You can buy cars at auctions that are regular car
Ford Maverick XL hybrid. Bought a 2024 for $24000, and I love it, $24k and 42mpg
I will NEVER buy NEW car ever again. I only get used cars it's just not worth the expense. $80, $90, $100K for a Pickup Truck is CRAZY who buys these things
unfortunately used cars are running at new car prices. Well, they would be if cars still sold in the US. But it's mostly crossovers and SUVs.
I've bought three brand new cars within the last 2 1/2 years. None was over $30K and one was $18.5K out the door. BUT I won't by a $50K pickup much less anything higher priced.
Who buys them? Business owners who need a write-off. They buy in December, take the write off, then bring it back to the dealer in Jan. or March for a check worth 90% of the value. If you know, you know. If you make an arrangement with the GM, he'll take care of you. You buy units to make him commissions, and he'll make sure you get the best trade-in value. Which helps them, because now they can sell "new" cars as used and keep more of the margin. Again, if you know the economics, it makes sense for those with the money.
@@turbo8454 Oh yea? What did you buy?
Plenty of people live on credit cards. So, yeah, those expensive pickups are selling fast.
The automaker's greed will definitely hurt, or destroy, many of them. I haven't purchased a new car in over 8 years and have no plan to in the next few years. If prices are ridiculous I will, simply, but used again. Car prices are WAY out of hand.
FYI every other country that is known for producing good cars (Japan, Germany, South Korea, France, UK, China etc) also have very reliable and efficient public transportation systems. So their respective automakers not only have to compete with foreign competition but also with trains, which forces to be even better. In America, our automakers don't have to deal with either.
The US is way too large and spread out for it to be effective. And most people don’t want to depend on a train schedule. They want to leave when they want to.
please do not mention germany here as a good example - they german car makers are doing exactly the same as the US ones - just a few days ago they announced massive layoffs because they missed their chance on the EV market...
@@shag139 Are you commuting from NYC to LA every day?
Trains can absolutely handle a 20 mile commute, and the vast majority of people travel less than 20 miles to work and back.
And Chicago and Indianapolis are cities of over 2 million people, and are less than 200 miles away. Trains can handle that distance too. Cleveland to Columbus to Cincinnati, Detroit to Cleveland or Chicago, Minneapolis to Chicago, Nashville to Atlanta, Austin to Dallas, LA to Vegas, there's a thousand places where a train line makes complete sense.
The size of the US doesn't matter. The size of your city does, and the distance to the nearby cities.
But to answer the original question: the US used to have really good trains and trams in every city, but the car makers actively destroyed them with lobbying to make it illegal for the trains to run more effectively, and then buying up profitable train lines and literally destroying the tracks, among other things.
LA used to have the best tram system in the world.
@@shag139ahem, china has more bullet trains than then entire world. Insane number of electric buses and cars. Size is just an excuse billions want you to believe
Well German Car Brands are in a wierd state right now, base features are at a almost reasonable price but as soon as you want additional features or a ev the prices skyrocket to a point where the only logical explanation would be that manufacturers want customers to lease and give them a monthly income instead of a one time profit. And then there are cars like the Sandero or SpacStar for 15k so yea no way i'd ever buy a overpriced german plastic bucket
I own a 17-year-old Japanese car, and I'm spending $2,400 to fix everything wrong with it. It's in the shop right now and will be pretty much "brand new" when it's done. The odometer reads 250,000 miles, yet even in -40°F weather, it has never stalled on me. The heat works perfectly. So why would I buy a new car? The money I saved went into a high-end gaming rig. Buying a new car is an emotional purchase, not a rational one. Some might argue it's for the manufacturer's warranty, but you can purchase warranties for used cars too, or you can just put money aside every month to account for possible repairs instead of paying interest. Do the math and ignore the rest.
My car has 203K on the odometer and has never let me down either. The maintenance has been non existent (knock on wood) outside of routine services like oil changes, brake pads, etc.
The only complain I have about my car is there’s no backup camera, although I know can install one.
Other than there’s Bluetooth, AC, and I average 31 MPG. Works for me.
When my 20 year old Japanese car craps out, I'm going to replace it with another used one. Bought it for $3200 4 years ago and it hasn't had many issues
All purchases have emotion. How does being "rational" make you feel...content, at ease, ... Those are emotions.
@@ryonlyon well, I don't really care to be honest, I just know I make better choices than the average person, hence the advice.
False economy. Old cars usually don't have warranties, reliability, the latest safety features, or modern tech. Most normal people want a car that works when they start it. Not everyone wants to work on cars every other month. Just like ambulances are not old vehicles. Reliability is key over saving pennies here and there.
As an old, old American I look at the auto industry these days and just shake my head. My first car which I ordered to my specifications cost just $3600.00. My next new car about 18 months later was a sports car and it cost less than $5K. About 4 years ago I decided that I might want a new car soon and began saving to buy it. When time came to go shop I found that the car that I wanted was no longer being produced (a Chevy Impala). Then when I looked on web sites for cars available I found that you can no longer order the car that you want. The features of cars now come in packages. So if you want a memory seat you have to buy the package that includes a bunch of stuff that you don't want; like a self driving car. As I drive around I take a look at the cars stopped in a big intersection at a traffic light and all of the cars look the same; they all look like black, or gray, or silver, or white boxes with wheels. Its sad what has happened to car production in the US.
Let’s not forget the 2 “ exciting”
Interior color choices: Coffin Black or Corpse Grey. BORING!!
CB
Same in europe too...😢
And here in NC where I live all of the commercials on TV for new vehicles are for SUV's and trucks. And even with the high discounts sometimes displayed in the ads people don't realize (because you cannot see the fine print) that them trucks cost $75K to $100 K or more, and dealers are adding more options to the trucks to make more money. I have zero interest in any truck or SUV, no matter the price.
Well said
The reason the options list shrunk is because it got out of control. In the 1960/1970 you could order 1 million of the SAME model
without ever ordering the exact same vehicle twice. The Japanese were smarter than that...part of their success along with JIT inventory, etc. So yes...no longer 30 different color choice and 8 different interior colors/designs to chose from.
I agree the pendulum has swung too far to the point of too few choices the way OEMs now package them.
Of course it's a way to increase profits, and unfortunately I don't see that changing anytime soon.
The shape of cars/SUVs are attributed to the need to make the bodies as aero as possible to meet CAFE regs.
But the engines and transmissions of today are so much more efficient than 20/30/40 years ago that I don't think people
would mind a small drop in mileage in exchange for more design creativity. Send a letter to your Congressional rep and ask.
New Cars are not built as good today. Long lasting and Reliable is no more.
Opinion on China aside, Chinese made cars in Australia has created a market where manufacturers are dropping prices to compete resulting in cheaper cars for the consumer.
True, but I've seen some recent exposes about them, that showed the cheap Chinese cars tend to be pieces of junk. Great Wall is reputed to be one of them.
That's why we shouldn't resist china, it'll eventually fall or give us a good deal . @@jublywubly
What you describe is basically a race to the bottom. The US Industry used to do that, with each of the Big 3 automakers trying to outsell the other regardless of the profitability. Selling twice as many cars but at a loss turned out to be a really dumb idea. These days the regulations alone demand the investment of massive amounts of money, money they wouldn't have if they didn't hold the line on pricing and profits. The US manufacturers also don't have the ability to pay peanuts for labor and parts like China does. Do you really want American workers to also have to get food stamps and other government assistance on top of their pay? The answer in the US is going to come when the American consumers finally stop buying huge overpriced vehicles. Until the consumer demand changes, the manufacturers would be cutting their own throats to stop offering what the consumers want.
@@jublywubly brainwashed. Cars always have opportunity to crack, no matter ev car or mechanic car.
Wow! How is America even allowing Australia to do this? Is this how Australians repay American global leadership?
Washington DC needs to demand that Australia stop Chinese auto imports. And instead import cars from America. If Australia does not comply, then those American submarines which are going to be delivered in 2183 AD under the AUKUS pact, will not be delivered until the 23rd century.
Australians may have to pay double the current price, but seriously guys, can you put a price on freedom and democracy?
It’s not just the price. They can’t seem to make reliable cars anymore.
There's no money in it they want to keep selling you new ones.
If the car need repairing every week, the makers can get more profit
@@haildrreaper US brands haven’t made a reliable car since the early 70’s.
The only reason they’ve survived up to now is because of their deceptive marketing.
Social media killed the domestic sedan.
@@jogana6909 because dumb people don’t know any better. And they’re in the millions.
They think it’s normal that a tranny fails at 50k miles or 4 years.
They think 10k miles oil change intervals are great.
That's by design. Repair and buying another one is how they stay in business
As an automotive shop manager, American car makers moved away from cars and focused on the money makers, trucks and SUVs. Japanese automakers like Honda, Nissan and Toyota are still making cars. Sure, they're much more expensive that they were 10 years ago. Our shop is seeing more people keeping Toyota and Hondas with over 200,000 miles. They're built much better than their counterparts.
What do you think of the RAV4 ? According to Google it is below average price yet should tick a lot of peoples want boxes.
Part of the reason that American automakers focus on trucks and SUVs and why they are more profitable is because of government regulations.
good point and that is why american cars sales are close to zero outside the US. They don't sell in Europe and they don't sell in Asia and american manufacturer have been protected and bailed out by the US government more than once. The american manufacturers invested everything in what sells in the US, not a very good strategy in a world where you have to compete internationally to stay afloat. Unless you know the government will always come to rescue you like they are doing now with tariffs.
EPA doesn't allow good vehicles period. It's the government. Manufacturers want to make smaller cheap trucks but aren't allowed to
Tarrifs are a good thing, but I guess you want a cheap Chinese EV that burns down buildings. Same thing with VW they lied about battery safety and have been fined by the EU
I can reduce vehicle cost issues in one sentence.
Get rid of all the computer crap the automakers put in.
I still don’t get how or why a microprocessor shortage even created a vehicle shortage during COVID. Cars made between the 1950s to the 1980s didn’t have all that computer crap in it and Ford and Chevy were able to create vehicles!
Its expensive because they have to pay millions of dollars to their many executives and billions of dollars to their shareholders.
and trillions to union bosses
5 years i never got a penny as a share holder. so stop it russian bot
Average non skilled assembly workers making $31 an hour doesn’t help. Actual labor cost is about $73 an hour.
The workers aren't getting paid enough to do all that lmao@@SgtJoeSmith
That's pocket change compared to what they pay politicians to keep that way...
Normal EVs are $10,000 a pop in China.
Chinese performance EVs are $20,000 each.
Americans are paying exorbitantly for their vehicles.
They live In a communist society moron
No. 10k USD cars are too cheap and quality is not very good. Normal sold EVs here in China are around 15K~20k USD.
@@benwang9401 considering their counterparts in the US are 45-50k, the point of value for the price remains.
@@mikeziegler4337stop believing propaganda. You ever been to China? They're social capitalist and even better capitalists than the US in some ways.
@@mikeziegler4337also look up what communist actually means before you embarrass yourself again
0:26 - "Automakers have resisted making cheaper ones"
Correction: They are still making the cheaper ones, they are just charging customers more for them.
You think its bad now , wait untill the new tariffs kick in .
Absolutely. Consumers won't suffer the resultant markups. Sure some manufacturing might get on-shored, and thats great. But it will not make up for Chinese slave labor.
We always have tariffs, it is just greed. There is no reason to sell car 10k-20k over msrp
Fear mongering 😂
@@2Piornot2Pi You will definitely pay the markups. And tariffs will not result in massive on-shoring of production.
@2Piornot2Pi Chinese slave labor, typically small-minded, cheaper labor, isn't slave. It's the capitalism system that the West is benefiting from for a long time, and it's getting tight now, like same reason us companies moving to Mexico and china india, taking advantage of currency diff.
They’re so expensive because we’re stupid enough to pay it!!
So what's the reason for the high costs of Chrysler/Jeep? Dealers are complaining they can't sell enough and the average number of days their cars sit on their lots is around 250.
That doesn’t make any sense. The people paying it can afford it, the people complaining about the prices can’t. It’s simple. Americans make affordable cars as well. This right wing propagandist crap is tired.
Kneecapping foreign competition with tariffs isn't going to make things better for American car makers. What they are supposed to do is get better, because all they are doing now is just slowing down the competition, not stopping. They never learnt this lesson when dealing with Japanese and Korean automakers, and they will fail to learn again.
All you need to know. American-made Toyota Corolla costs between $21,000 and $26,000.
The problem with tariffs is that WE pay that cost not the foreign manufacturer unless they also own the local dealership.
@@darkstormincAnd if somehow it was the "evil" foreign company paying the tariff, all they'd do is stop selling it here and US customers lose. This is not an issue of China doing anything wrong, it's 100+ year old US car companies not being able to compete anymore and having massive bloated costs due to union workers. The UAW already bankrupted the US auto industry in 2008, they're working on bankrupting it again.
@@Totenglocke42did you actually watch the video? You know, that part about what Chinese companies do to compete and how they treat their workers?
@@sprockketsthats just some propaganda bs
"People want all the bells and whistles" I find that hard to believe, are there really a lot of people asking for "parking assist?" If you can't parallel park you shouldn't have got a license
Yup. And the GOVERNMENT is making it STANDARD equiptment.
Its the GOVERNMENT that's forcing this over complicated trash.
Don't get us started on the emissions nonsense.
You think parallel parking is the same in China comparing to the US? 95% of the drivers in the US wouldn't pass the Chinese driving test period.
Im spoiled by heated steering wheels and remote start. I gotta have it.
@commie5211 given chinese driving, i doubt that
@@commie5211 then why they cant drive safely in America ?
Dealerships in Vegas have some 2 year old "new cars" they can't sell because of mark ups. Dealership greed ruined consumer trust
I recall some years ago watching an interview with a Ford exec who stated "we sell our cars for what we think we can get for them" .
Right, yet the net profit is 3%
Damn we discovered capitalism, every company with shareholders does this.
Yeah this checks out they originally sold the maverick for 20k flat and the demand was so high they raised prices and now it’s a 27k vehicle and there’s still plenty of demand
My first car was a Ford, biggest mistake ever. Turned out to be a lemon.
As long as there are idiots that are willing to pay the price
CNBC does not tell the truth about China,
1. China did subsidize all EV cars Made in China, including Tesla in Shanghai.
2. China does not subsidized gas cars, but gas cars in China are also cheaper than US. For instance, the cheapest Toyota Camery 2024 in China is 126,800RMB（or $17,532）in July 2024.
En lugar de explicar porque los coches americanos son tan caros intentan difundir mentiras dice china con las que explicar porque los coches chinos son tan baratos
Hablan de trabajo forzado como si un coche fuese un edificio y no se necesitan ingenieros en lugar de personal no cualificado
Si no se estudian las cartas de los bm problemas es imposible solucionarlos
Aunque los coches chinos sean más caros eso sería sin explicar los precios de EEUU
Pero cnbc solo está para hacer lobby
I'm my opinion, that's the benefit of competition. The price of big companies gas cars dropped dramatically. Before, most cars price matched the west. Now, new Chinese companies ev, hybrid, phev make cars cheaper and better in certain aspects. Big companies cars won't sell, therefore they have to drop price. When was the last time NA region had a real competitor to other companies with new technology?
@@magnopranckestradaJusto pense en eso, cuando dicen que las baterías pasan por una cadena que incluye trabajo forzado, yo les preguntaría cuantas empresas estadounidenses no usan baterías de litio que están relacionadas con trabajo forzado? Apple…
CNBC is not taken seriously, it's like a wing of the Democrat party.
United States Government also subsidizes USA EVs through tax credits and grants.
Same old story: American greed, American catering to corporations, abuse of tax dollars to bail out corporations, and legislative approaches to handling competition instead of innovating.
Very true. But Republicans continue wanting to blame working class Americans instead. Shame.
And America workers gets overpaid and is lazier than chinese. Get rid of unions and lobbyists alike.
Slava TOYOTA 🗾 Scotty Kilmer 😎
America is a buissnes first, Everything is handle And dependent on the money.
Under a capitalism so iety unlike other before hand EVERYTHING is depended on corporations for goods and services. The goverment takes hand free has much has possible.
The price of freedom is the damnation of the ignorant fool,
The good side of these freedom is that if you have 10M you have no limit.
Union greed.
Over regulation and inflation. Both caused by the federal government. Its NOT greed or this would have always been a problem. The unions dont help either.
They can make good inexpensive cars. They choose not to.
I'll probably never buy a new car again.
Nobody bought them. Simple. The trax is an example of a car people are actually buying as it’s a top 15 best selling car year to date. Can’t say the same for the other cheap cars that automakers made like the fit, versa note, focus, Cruze, sonic, etc. People complain about cars getting big, so why aren’t the best sellers changing? Like if a civic and Corolla are as big as a Camry was 20 years ago, why hasn’t the Corolla taken the Camrys place as the best selling sedan in America? Why hasn’t the Ranger taken the F150s place as the best selling truck? Like that’s the other thing that has to change to show people want cheap cars. Start buying the cheaper option and not more than what you need. Don’t just complain when it’s not there.
The big 3 can't compete with Korean and Japanese auto makers. Exactly why they don't make cars with the exception to the mustang
Sadly, models like the Accent, Mirage, Yaris, Fiesta, Trax, and Jazz/Fit have all been discontinued.
I have a 96 ranger 324 000 miles. Still a weekly work truck. 13 grand brand new off the showroom floor. 4cyl 5spd manual ac but no radio
So the average car price is $50,000 and 25% ($12,500) is spent on marketing? Thats insane.
PER UNIT. Ford's third quarter sales (worldwide) were $46 BILLION. If they're spending even 15% of that on advertising, that's absurd.
@@citylumberjack9169 If you watch ads you see a lot of car ads so they are getting impressions for their ad spend for sure.
So? The pharmaceutical industry spends more on marketing than they do on research.
@@KeithOtisEdwards Another industry that could use some deliberate inclusion of sanity (that is, REGULATION).
@@KeithOtisEdwards - ...and that's why in both the auto industry AND the pharma industry, we need to start allowing no-name Chinese companies to sell direct to Americans. Cut the ridiculous ad spend and suddenly things are 15% cheaper, at minimum.
Easy.
-Eliminate Overpaid top execs destroying the company.
-Allow customers to buy straight from manufacture. Eliminate mandatory dealership aka stealership.
Have you ever validated that approach, or that's just what your politician influencer told you?
Sounds like a great start. I'd do some followup by cutting the MPG requirements, emissions requirements, and safety requirements. Let the consumer decide how safe or how green they want their vehicle to be.
You forgot eliminate government regulation
C, kick out the UAW. They shouldn't be able to take a cut like some mafia boss.
@@serge8085tesla is the best example of buying direct.
Greed. They moved the plants to mexico and raised the prices. It’s not about labour and manufacturing costs. It’s about recurring revenue. Higher price, higher margin, more repairs and points of fault due to cheapened manufacturing and complex electronics.
Also fault of consumers who enable them by still buying these overpriced cars
Exactly. Our collective buying power should regulate the price. They go high….we quit buying.
You can’t blame the consumer. I say blame the government for neglecting to develop a better transportation infrastructure in America. The government literally designed our city grids/roads to make us heavily rely on driving cars instead of you know using trains/public buses/subways.
We have no public transport here. We also banned chinese cars and implemented tariffs and heavy regulation. What do u think was going to happen?
I think it's also "the fault" of better quality vehicles than we used to get. A car will run fine for decades now, and not just if you barely drive it or pamper it, they just keep going. This means people aren't desperate for a new car, they are fine driving the ones they have, and if they need something new, they can get a used car for a fraction of the cost of a new one, that will still last for a decade or more.
A few car companies versus millions of consumers. Of course the consumers are the problem 🙄
The problem is, we dont let them fail. Quite simple, if toyota goes under, novody cares, but if gm goes under, the government step in. Why? Just bcause they are us brand? They dont even make their car in US anymore, honda toyota is more us made than gm and ford. Just let them fail, stop using government money keep bailing them out, keep their shareholders and executives accountable
US vehicles are assembled in the US but the parts are all made overseas with very few exceptions.
@@Member00101 Anyone can check this for themselves by checking the 1st character of the VIN. If its:
1,4 or 5 = Assembled in USA
2 = Assembled in Canada
3 = Assembled in Mexico
@@Member00101 we all know that, they don't build their part in house anymore, it used to build everything down to the screw we're built in the same plant. That is not the issue, they did that change to just in time like Toyota did to cut cost, the problem is, somehow their cost is much higher than foreign brand, and their quality are crap, yet they still in business. Why? Because they don't need to worry about going out of business, Boeing is the same, so they don't care, they will get their money, either through sales or government hand out.
@@haihengh yeah the bailout of the big 3 was a huge mistake, only done because they were trying to protect union jobs. On one hand I get it because it's not the workers fault the management were idiots but that's the reality for just about every other worker in the private sector. I've lost a job due to bad management many years ago and there was no government bailout to save my employer back then. Cutting regulations across the board would help new competitors arise but as it stands it's a fascist style system where the US gov has teamed up with businesses.
@@Ziegfried82 It's political. Such large job losses hurt the economy, not only the employees but the local economies they support, e.g., restaurants, grocery stores, retail stores, service industries, etc. The existing administration would be blamed if they did nothing.
I love how they downplay chinese cars/EVs.....I think they forgot that American cars are seen as unreliable, that's why brands like Toyota and Honda are so strong in the US
And Honda's reliability has cratered as of late as well.
Just like the 1970s again.
Lol all cars are the same, I lived in England their precious land rovers are junk. VW has been caught many times in their lies. Toyota has major problems with their new vehicles ever since the new ceo took over. Lol what garbage propaganda that cars are magically better over seas
Every American car isn't a stellantis product first off
@Mayamax3 yeah my 2018 Honda Fit was the worst car I ever had. Water leaks, bad interior quality, and several engine issues.
Never will buy a Honda again.
Government regulations. Mandatory fuel mileage, strict emission standards, air bags through out the car, mandated warranties on certain parts, mandated refrigerants and fuels and on and on. The government regulations are the reasons car prices are high.
You weren't paying attention.
What if I don’t want an EV, self-driving, technology-driven car?
Bingo. They force expensive crap on us we don’t want.
@@swiss86how? Look at infrastructure and tell me how they force you to buy a car for commute and who are they. It takes some time to research but if a regular voter cannot do this kind of research I don’t think democracy works.
I lost faith in the US democracy for a long time
@ every person they interviewed was like “you gotta pay for all these cool new advancements somehow” but I don’t want them lol
Video didn't really mention that these EV cars/increased safety measures are mandated by the US government. There is a quota for emissions in a company's fleet and they have to have a certain number of EV models....hense, the Jeep 4xe. That cost then gets spread across their entire fleet of cars.
Good luck? The car manufacturers will eventually stop making them and stop supporting them (which will make repairs harder). They want new money. Same reason Disney keeps doing remakes: the old stuff can't generate new cash flow.
I paid $25,000 for a brand new 2017 Mustang, in 2017, still driving it into the ground. Next car I’m finding whatever is brand new for $25k and driving it into the ground too. These corporations have lost their minds.
Even a Chinese Car?
Probably a Volkswagen Jetta or something along the lines of that
Its dumb to keep buying a new car, just buy one a year or two years oldsr and you basically skip the depreciaton hit when its new.
Is that the one with a German engine?
basically a cheap mustang. course a $25,000 mustang from 2017, probably is over $30,000 today. a $25,000 vehicle is challenge today, wont be easier later either
Because people buy these bloated, big, over accessorised vehicles to suppress their insecurities.
Exactly.
Short term gains are what is killing this country. Something very wrong when a Jeep has to retail for $90k because it cost $63k to build it. The production costs are out of control.
Wonder how much was labor?
Years ago it was $45/hr but robots have taken a lot of assembly work. The problem is the pension owed to legacy employees even if robots took over current positions the automakers millions and millions of current and future pension debt.
@@hkraytai BS. Toyota, Honda, Nissan etc. don't have legacy pension costs and their comparable vehicles to the Big 3 are not any cheaper.
@@knothead5 Labor is less than 10 percent. There's a lot of things that have driven up the cost of vehicles. The price of raw steel is a big one. Plus all the new technologies in a lot of them that are mentioned in the video. As well as increased government mandated safety and emissions standards that get stricter and stricter as well as more expensive as the years go by.
@@hkraytai I worked with a guy who was a UAW member. He said under a contract where he worked in the past, if a UAW member was on permanent layoff and took a job at, say, $10 an hour, the auto company had to make up the difference for the union scale.
Why do I feel like CNBC has made this video 5 other times
Its propaganda
Different titles but same topic over same video.
Because Americans have the attention span of an insecure teenager.
Things change so they milk the topic again
Because Americans have the attention span of a insecure teenager.
Crossovers are not Sport Utility Vehicles. SUVs are built like trucks with a body sitting on a frame. Crossovers have a unibody chassis. And example of this is the Toyota RAV4 is built on the TNGA chassis like the Camry. The Toyota 4Runner is built on top of a frame like the Tacoma. This is a hard concept for a lot of people to grasp
Kind of like the argument about magazines versus clips. Yeah, the people really into it know the difference but your average person doesn't know and probably doesn't care.
Agree. Among other factors, also consider your average "car" buyer also weighs about 320 pounds now. Indeed they do not need a truck or a real SUV. They just need something wide enough to fling their tubby butt down the highway. Even so, if you load that thing down with 4 Americans, you probably should have a truck frame. Either way, cross overs are dumb.
Government regulations, unnecessary spyware and gadgets, no basic models...
I purchased a China suv in Costa Rica last month.
Prior to buying it, we test drove a dozen vehicles. All of the Chinese vehicles offered a ton of safety features for a fraction of the other brands.
At the end of the day the Chinese vehicles smoked all the other brands with a way longer warranty.
For example ford is 3yo 36,000 miles, Toyota was 2yo 20,000 klm, while the Chinese were 5-10yo with 200,000 klms
The dash screen is 15.6” with voice commands for just about everything from turning on the AC to rolling down the windows.
We bought the Jetour T2
That's weird. Toyota here has standard 10 year warranty on all their cars.
Wow, that thing looks exactly like a Land Rover Defender! I'd say the price difference is BIG
@@Robbedemnot in Costa Rica,
@@jessepoweryeah it’s price in China is $22k in Costa Rica $57 out the door. It’s packed with so many safety features
@@jamesharvey8838 awesome, worth the money so!
Greed. We needed a whole segment to state the obvious.
Greedy workers.
@@DaveAnderson-ic6oo Lol. Imagine being corporate bootlicker.
Shhhhhhhhhhhhhh 😅
@@DaveAnderson-ic6ooCEOs
@@DaveAnderson-ic6oo no
I must be the weird type. I never like big cars / SUVs.
My $16,000 Honda Fit is still going with 237,000 miles on it
Honda or Toyota for me as well
I bought a 2009 Honda Fit new and paid $17, 074 with a cashier's check. It has covered 193K miles with very little in the way of repairs and (knocking on wood) still fires right up each and every time.
I hope to cover 300K 'cause I really like the car.
Those go Karts are not great for Canadian winters.
Honda discontinued the Fit about four years ago, at least in the US. Pity.
People have children not everybody is single different strokes for different folks
American car manufacturers executives are profit driven only. As long as they are raking in huge profits off of expensive models, they will continue down this road. There is a limited market for expensive cars in this country. What percentage of Americans are buying $50,000 plus vehicles? Many people will continue to keep & repair their cars or simply buy used. Cars are not investments, why max out on a depreciation asset?
Here's a thought, make a good frame, good drivetrain, easy to repair, get rid of the touch screens, get rid of a lot of the features. You could radically reduce the number of parts necessary to create a vehicle if the goal was to make efficient, good for performance, ease of repair and long life span. Cars are far more complicated today than they need to be
Why would they do that? How does that benefit them?
I completely agree. I personally want to purchase and drive a vehicle, not a damn computer.
迂腐，那你为什么要用智能手机？
Get a used civic. 10k cost, last 100-150k more miles get 30 miles to the gallon.
@@硕耀梁 Smartphones are not cars. Cars are not smartphones. They serve completely different purposes. Asking this question is akin to "Why doesn't a plumber use a violin?"
1. Greeedy dealers and manufacturers
2. Dumb people who buys them
3. Government allow this
4. Banks for lending money
5. Stimulus
I would remove number 1, because it's a given. But everything else is right.
@@jackspencer8290people act like greed is a new thing. Greed is constant and everything else changes. Well dumb customers are also a constant.
well, most on the list are business. and businesses are in business to make money. OEMs make more from the higher MSRP vehicles than the cheap one, and dealer who set the FINAL price make more money from higher priced vehicles too. even during COVID/Supply chain crash, there people who have to have a vehicle to get to work (public transit isnt a thing almost everywhere in the US). well government in the US is driven more by corporations than its citizens, so not they wont step in to this. now banks why they would fund a loan for more than the asset (vehicle) is worth brand new. stimulus wasnt all that big for individuals, but it seems some businesses used it to stay afloat, or come back from the dead
Storing vehicles ain’t free
I would remove #5 bc that was years ago. There's no stimulus now
I bought my very last 2 used vehicles in cash and will never need another one.
Be careful. I had the only car I've even owned totalled by a texting teen girl who blasted through a red light, back in April.
@LS-uv9gg I hear you. One of my two was a replacement when a 16 year old pulled out of a side street, and we T-boned him at 50 mph. Fingers crossed, this is the last 2. We only drive 10k miles a year total, and our vehicles have 6k and 22k miles each.
@@fleabag2mr.151 Are both vehicles for you or do you have someone else you purchased the second one for?
@user-gz4ve8mw9l wife and I mainly drive one but have the second if we need to go to 2 different places.
As soon as corporations started producing for the benefit of the shareholders, instead of producing for the benefit of the customers, the whole country started to go downhill.
Every time I see layoffs and the CEO getting compensated it makes me crazy, 1000 workers and CEO gets 50 million raise, that's the salary for all the workers for one year
Perhaps the CEO's salary is tied to profit and layoffs increase profits.
Anyone can bolt lug nuts on all day. Very few people have the skills to manage an international company with hundreds of thousands of workers. When you find someone with those skills, you pay them well to keep them from leaving.
@@bwofficial1776 US wealth inequality reached proposterous levels. Over 40 years the bottom 90% got 26% more income, the top 1% got 150% extra and the top 0.1% paid themselves 345% extra. If you believe the elites are actually worth all that extra money on top of the very high income they already had, I have a bridge or two to sell you.
I miss the simplicity and manual transmission of my ‘91 Honda Civic. It never got less than 40 mpg and was almost indestructible.
I imported my 800cc Daewoo Matiz - I get 51 MPG and can go on the highway with it (with the AC on, at least down hills :P) You'll never see me in anything over 10k, and that'll be paid out up front.
Spend your money wisely-invest in quality where it counts, for it often outlasts the cost of cheapness. Yet, remember that sometimes the simplest, least expensive option is the real gem in disguise.
Great advice and I live by it as well. I have wasted too much money and time on cheap garbage
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My wife and I will be retiring in the next two years n another country.
We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with my Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
@@OsamahMocoWhat country you moving too?!'m headed to Thailand or the Philippines in 4 years.
Exactly well said.. spread the wisdom
@@OsamahMocoI would really love to know how much work you did to put in to get this stage
I dont understand, theyre made in a different country and assembled here in the usa.
Manufacturers want that computer in the vehicles so that once your coverage is over, that car breaks down.
They don’t need computer in your car for that. It is already achieved through materials science.
nah, it breaks down sooner than that so you can become buddy buddy with your service advisor
Wrong. Computer is to track and report your movements. As Zsar said, material sciences achieved that in the 80s-90s.
Ever wonder how once that warranty ends the major part seems to just begin to go? Yet, if you put extended warranty it runs fine
Software will be used to push subscriptions on car "owners". I heard BMW charges a subscription fee for heated seats (no joking).
Complain all you want but the fact is Americans have continued to buy these vehicles. There is no incentive for the carmakers to change until they start losing massive amounts of money.
it's coming look at their inventories way up not selling well
America used to have small car makers to increase competition and stabilize prices, but like so many of our industries, government over regulation makes that impossible in modern times. Americans are left with whatever big business tells them they can have at whatever price they are forced to pay.
The marketing costs are insane.
Just to be clear, electric cars are a scam everything about them is proprietary so you can’t repair your own vehicle that you spent well over $50,000 for the batteries in your electric vehicle don’t last longer than 10 years which means at most your vehicle will last you 10 years and then you have to replace the battery pack and essentially buy a new car your car always has to be connected to the Internet so during a blizzard or hurricane or a real natural disaster your car will be completely useless during a power outage. You will not have access to power up your car and you have no way of storing extra energy for your car in case of an emergency whereas a gas vehicle is not only reliable, and a motor can easily been maintained well over 300,000 miles or well over 30 years. A car can also have gas cans stored in the back trunk so that you have actual emergency fuel with you whenever you need it gas vehicles are more easy to repair and there is a bigger infrastructure for repairs throughout the United States for your gas vehicle , ultimately at the end of the day electric cars are billionaires and government officials attempt to take away your rights and freedoms and control your day-to-day life. Just remember every electric car has to have built-in microphones and cameras so that it can operate its self drive feature meaning that every person who has an electric car is essentially a spy mobile for the government everywhere you go everything you say in or around your car is being recorded at all times and I don’t know about you but I like my privacy …. So unless you see, they’re trying to step-by-step take away your rights and your freedoms and your ability to fix your own car to own your own vehicle own the vehicle that you actually paid $50,000 for they’re trying to take away your ability to drive even by making cars self driving and once there are more self driving cars on the road, I’m sure they will pass law to make it illegal for you to drive your own car and the only way you can get around is with self driving cars so wake up peoplefight for your rights and just say no to the scam that is the electric car
lot of people said that automakers WON'T make cheap cars.
In fact, automakers just WON'T sell cars cheap.
Take Carolla as example, The 2024 Corolla 1.8L hybrid has a starting price of $13,000 in China, but US consumers can expect to pay at least twice as much for the equivalent model.
Another thing to consider is warranty. What is the warranty period on a chinese Toyota, compared to a US Toyota. Would be longer on the US sold one. Plus Consumer Law in the US being harsher on manufacturers. Both aspects mean that the more is being put aside on every car sale for warranty claims.
Problem is every American wants to be seen in a new flashy car to show it off. There is still great used Toyota, Hondas, for 13-15k that will outlast any of this new junk. No one is forcing people into a new car every 2-3 years
C'mon, not every American cares to be seen in a flashy new car. Just from the majority of comments on this video and those on other car related videos, most just want an affordable reliable car to get from A to B.
@@theotheleo6830 Yes, although I wouldn't mind a heated steering wheel considering I work in the trades.
Where
I remember 30 years ago people telling me “buy American car , they are cheaper” 😂😂😂
As someone who's family has enjoyed *nothing but* foreign made cars, such as Honda, all their life: Your friends have *been* wrong for 30+ years. Foreign cars are the best cars. PERIOD. I loved our Honda CRVs, Hyundai Elantras, Accords and Civics throughout the years! Nothing beats foreign. Everyone knows that. Even Americans. Your friends need to do more research!
@ I have had only “American cars” for resale or flipping, I wouldn’t expend my money on two American things: cars or beers, I just buy Honda or Toyota nothing else, there was a time when my family owned an Acura RDX, Acura TSX, Honda Accord and Honda Civic, now i personally own a Camry 😉
@@Vandicoupi mean maybe if you only drive commuter cars and have 0 interest in cars at all this is the case..
Ending SUV loophole for emissions would do a lot
Why ? Because auto makers want to make breaking record profits and bonuses.
The US DOES make cheap cars, but they are expensive. There's a difference between "cheap" and "inexpensive". "Cheap" is a measure of quality. "Expense" is a measure of cost. It's the cheap man that spends the most money, because he has to soon replace the junk.
I'm currently in negotiations with a Subaru dealership to buy a 2024 Impreza base model for $21,500, plus tax and that includes destination..and they're willing to pay 110% of the KBB blue book value or the CarMax offer, whichever one is greater. They're trying to clear out the '24 models with the '25 models coming in soon. It has a decent sized cargo area, is plenty roomy for 4 adults and has a very comfortable suspension. Subaru is offering 2.9% APR for 48 months this month on the Impreza's.
There is no reason to drop $50,000+ on a brand new vehicle, if the monthly payments are more than 10% of your total income. There are reasonably priced cars and most manufacturers usually have special in-house financing if you do your research.
I bought my 2013 in December of 2012, and it's been great. I'm still under 40,000 miles, so I don't expect to get another car for a long time.
@@stephenriggs8177 Oh wow, yeah if it only has 40,000 miles, there is no reason to get another car unless you just really want something new with the latest and greatest in technology and automotive advancements (no judgement there, we all like new and nice things). For me, I plan on doing about 25,000 miles per year, so I'll probably keep it until at least 100k/4 years and then consider whether or not the suspension parts are starting to go out and will need a full rebuild, and what those costs are.
I got a similar deal with 23 impreza sedan. I paid that car off real quick 😂.
I have a 2018 Honda Accord. Bought it in 2018 at the time driving over 150 miles a couple times a week. Went full remote in 2020. Only has about 42,000 miles on it. Plan on keeping it as long as it will run. I don't have a car payment.
It’s also one of the safest cars on the road.
Forget about cheap cars we need reliable cars that dont break down
Just get a Japanese brand
no such thing everything breaks
@user-mf9gs unfortunately that is no longer a guarantee.
@@user-mf9gs Get a Japanese brand but without a turbo, CVT, cylinder deactivation, etc. Don't get a Nissan, though.
Can't blame it on the UAW anymore, since most American cars are no longer made in America. The real problem is ever increasingly stringent government regulations in regards to emissions and fuel economy. That drives up r&d cost and creates extremely expensive, yet unreliable vehicles. Just look at what things like cylinder deactivation and DEF is doing to engines.
My friend lives in China and he told me that he bought an EV BYD for less than $25000 with plenty of tech and so far he said very reliable. I am still driving my 15 year old Honda and won't get a new car due to high prices.
You are smarter. You live in US.
Yeah and their dollar value lower than America
@@lawrenceralph7481 A failing country lol. America's best days are behind it no matter who's in office. This country is falling apart and can't get it together while China's leadership knows what it's doing.
@@lawrenceralph7481 lol, Elon Musk's mother is now in China, go convince her she's stupider than you
i doubt that's the case. three of my Chinese friends told me the EV craze there is just media hype, many young people ditched EV to buy Petrol cars in few months because those cheap EVs had plenty of cost cutting in all the wrong areas.
Because we deny competition from around the world (especially EVs) and tariffs on cars not made in America
It’s just about keeping cheaper competition out to keep prices higher
On the topic of EVs most of those Chinese EVs don't meet American regulatory standards. You'd have to cut regulations or those vehicles still wouldn't be sold even without the tariffs.
@@Ziegfried82 If Chinese EVs can't pass US regulations without major modifications then why bother tariffs? The existing regulations would have kept Chinese cars out without tariffs. The fact is that without tariffs, the Chinese can easily modify their vehicles to pass US regulations and sell cheap EVs in the US. You just assume that Chinese regulations are much laxer than US regulations without even looking into the facts. One more thing, Chinese EVs are sold in many countries in Europe, and you can look into their crash test results to see how they are rated in Europe.
What is also annoying is that they renew models every year. I would be happy to buy my Corolla 2009 made in 2024.
well check Nissan, other than a few vehicles, they havent refreshed many of their vehicles. and they are just about to crash. but then model refreshes in the US is something that started in the 1920s.
That’s a great year model Corolla. I had a 2010 same car. Great gas mileage, great safety in crash tests, and overall everything you could want.
But the ones 2 to 6 years before it were trash.
Easy Google search.
Same for the Camry.
You and just a handful of people would be the only ones. I've seen too many people post comments that they trade their cars in after just 2 or 3 years because they want the latest and greatest.
@@theotheleo6830 This love for "latest and greatest" is changed by the credit score going below 700 :)
So, what we're saying is that the US and Western auto makers cannot figure it out. Yes, there are many factors at play. One big factor that will affect things in the next 1-3 years, many people not buy, or refuse to buy, new vehicles, further dwindling profits and putting pressure on the used car markets. What countries make parts? Canada, Mexico, and China (BRICS). Either US economy can make the pivot, or it will further dwindle in stature and power, ultimately becoming a second-rate, downgraded economy. I mean, wow, who cannot see this coming...
Let's not leave out dealer markups over MSRP.
This!!!!!
I've seen ridiculous dealer markups. The most egregious was $650 for wheel locks. I burst out laughing when I saw that. When I complained to the salesman that I could buy a set for less than $40 at a local auto parts store, his defense of the markup was that it was for convenience since it was already installed. I told him to take it off. 🤣
@@theotheleo6830 --Well, at least you could see that the wheel locks were installed, stuff like that"paint and fabric protection" plus tires filled with nitrogen I'd avoid since there's no way to know if they are really on the car.