Average New Car Costs $45,000

[Palumboism]

The average new car costs $45,000: What the heck is going on?
By  Sean Szymkowski


This is the sixth month in a row we've seen a record price tag on the average new car sold in America. And the prices keep increasing.

We're well into 2021, and last month new car prices hit their sixth record price in a row. In September, the average new car cost $45,031 -- the first time this figure crossed over the $45,000 in history, according to the latest data from Kelley Blue Book and Cox Automotive on Tuesday. That's up from $40,000 at the end of 2020, and up from $42,000 this past June.


https://www.cnet.com/roadshow/news/average-new-car-costs-price-increase/




This really doesn't affect most Getbiggers because $45K is just pocket change.  I'm holding off on buying another car thinking prices may go down in the future. 

[Mayday]

The world govts are sending prices up to get consumption and volume down. The chip shortage is China buying all the chips from Taiwan, they’re busy building IT infrastructure which is interesting given food poses a massive threat yet it’s IT they are gunning for.

Having been through the car scene on forums, the Americans always had 2-3 cars each. We pay double or more the US price so we were poor in comparison only having 1 car per person lol.

[IroNat]

Getbiggers buy $45,000 motor scooters.

[Primemuscle]

The average new car costs $45,000: What the heck is going on?
By  Sean Szymkowski


This is the sixth month in a row we've seen a record price tag on the average new car sold in America. And the prices keep increasing.

We're well into 2021, and last month new car prices hit their sixth record price in a row. In September, the average new car cost $45,031 -- the first time this figure crossed over the $45,000 in history, according to the latest data from Kelley Blue Book and Cox Automotive on Tuesday. That's up from $40,000 at the end of 2020, and up from $42,000 this past June.


https://www.cnet.com/roadshow/news/average-new-car-costs-price-increase/




This really doesn't affect most Getbiggers because $45K is just pocket change.  I'm holding off on buying another car thinking prices may go down in the future.

Best you maintain the vehicles you currently have then. I seriously doubt cars are going to become less expensive. They may become more of a luxury than a necessity though.

[Palumboism]

Best you maintain the vehicles you currently have then. I seriously doubt cars are going to become less expensive. They may become more of a luxury than a necessity though.

I'm not a multi-millionaire like most on Getbig, so I usually buy used.  I'm hoping the chip shortage will end allowing new car production to return to normal.  It seems like we're going backwards if owning a car becomes a luxury.

[tommywishbone]

Madness.

Passed by a truck lot yesterday. Not a single USED American made pickup truck for under $40,000.

Absurd.

[Irongrip400]

Madness.

Passed by a truck lot yesterday. Not a single USED American made pickup truck for under $40,000.

Absurd.

Lol, I looked  at a few trucks here recently and my truck is over $80k now and sticker was $67k six years ago. One of the trucks was an F350 Black Widow edition and was $108k! What the fuck.

[IroNat]

Rickshaws can be economical if you don't feed the puller too much.

[Mayday]

I'm hoping the chip shortage will end allowing new car production to return to normal.

There is absolutely zero happening that points towards higher volumes in the future.

More information from my world became available which supports my initial forecast. 2022 is confirmed as a massive supply chain crunch as we have been advised minimum 12 months of supply problems......

Do you know when these problems go away? When prices rip skywards and demand drops to find a level where the supply chain operates in a business as usual way.

When receptionists are walking around with LV handbags it should be a signal that luxuries are not luxuries but everyday items....... i'll state again in advance, 2022 is the year of the crunch and we will see the first massive price hikes as remaining inventory runs dry, supply is drip fed, ranges are rationalised and you see more retail store closures and a rapid shift to online because physical stores won't have stock.

What you want to buy today is this:
*EMTB (electric mountain bike) for transport on and off road
*Good brand, mid tier spec mountain bike non electric as a backup
*Electric scooter with 2000w dual motors to get you above 60km/h and 50km range.
*Electric scooter with legal specs as a backup

You want to be exploring options of alternative transport today because in 1-2yrs time they will be 3x-4x the price and likely some of the higher powered stuff won't be available.

[Hypertrophy]

The world govts are sending prices up to get consumption and volume down. The chip shortage is China buying all the chips from Taiwan, they’re busy building IT infrastructure which is interesting given food poses a massive threat yet it’s IT they are gunning for.

Having been through the car scene on forums, the Americans always had 2-3 cars each. We pay double or more the US price so we were poor in comparison only having 1 car per person lol.

Where do you get your data for these statements you post?


https://techwireasia.com/2021/11/china-boiling-mad-over-taiwans-tsmc-handing-over-chip-data-to-the-us/

[Marty Champions]

The world govts are sending prices up to get consumption and volume down. The chip shortage is China buying all the chips from Taiwan, they’re busy building IT infrastructure which is interesting given food poses a massive threat yet it’s IT they are gunning for.

Having been through the car scene on forums, the Americans always had 2-3 cars each. We pay double or more the US price so we were poor in comparison only having 1 car per person lol.

great post great prediction.... Weve exploited this generations ability to produce. Weve topped out now the economy will recalibrate with a society closer to communism because thats how the elites can best profit ,less production higher prices is cleaner buisness , keeps dollar strength up too.

The poor will keep playing inept to get the gov check

Middle class will have to continue the rat race as theyve always  have and forced to innovate and improve and feel pressure

The elite will creat war with police and military vs civilian poor and middle class

[Bevo]

Lol, I looked  at a few trucks here recently and my truck is over $80k now and sticker was $67k six years ago. One of the trucks was an F350 Black Widow edition and was $108k! What the fuck.

Unless it’s a work truck who the fuck wants to daily drive a f350? Haha complete useless to maneuver around

[Irongrip400]

Unless it’s a work truck who the fuck wants to daily drive a f350? Haha complete useless to maneuver around

I need a diesel for work purposes. I probably pull a trailer once a week on average. But yeah, I wouldn’t dream of having all the luxury options and a lifted work truck, it kills it for work. I have all leather and what not and most of the bells and whistles, but the King Ranches are way overkill of using it for work.

[oldtimer1]

Most people lease a vehicle as in a three year rent. I couldn't imagine buying these over priced new vehicles. Car parts are getting hard to find for existing cars. This economy is going to hell. Yes, I blame Democrats.  Cars, gas, houses, food and everything else is up. Meanwhile Democrats brag that rents are not going up. You can't kick out a renter who doesn't pay rent in this era. 

[SOMEPARTS]

Median new car - 45k.

Median home price in the USA - 375k.

Median income in the USA - 69k.


If you figure in the concentration of wealth at the top most actual consumers of averages above make a lot less than 69k.

Isn't hard to see that this can't go on forever. The plan is for parity of living standard with China. That means a lot less ownership and access than people in the USA have now.


 

[Vince G, CSN MFT]

650 dollars at the auction

[IroNat]

650 dollars at the auction

Does it need any repairs, Vince?

[Primemuscle]

I'm not a multi-millionaire like most on Getbig, so I usually buy used.  I'm hoping the chip shortage will end allowing new car production to return to normal.  It seems like we're going backwards if owning a car becomes a luxury.

My parents bought my first car which was a 55 Chevy convertible when I was 15 years old. My mom falsified my birth certificate so I could start driving a year early. I loved being skipping school and driving to Zuma beach on a whim.

Since those ancient times, I have always had a car, usually two because my wife and I both worked. All but 3 these three were used cars; a 63' Chevy Nova, a 72' Rambler Station Wagon, and my current car which is a Mazda CX3. The only diesel engine car I've driven was an 83' Peugeot 505 STI. It was perhaps the most comfortable car of everyone I've ever owned. It seemed to float down the road. The Mazda CX3 may be my last car as it only has 29,000 miles meaning I drive 6,000 miles a year or less these days.

[IroNat]

I always buy below average cars.  Base models.

[Marty Champions]

650 dollars at the auction

Thats a v8 vince with battery in the rear no homo?

[BayGBM]

I typically have two cars… one purchased and one leased.  The last one I purchased was a 2019 Toyota Tacoma TRD Sport 4x4.  When I expressed serious interest and told the salesman I wanted the ‘out the door purchase price’ so I could think it over he wrote up a purchase order.  I told him if I decided to proceed I’d be back in a few days.  He did everything but beg me to buy that day but I didn’t.  When I went back a few days later he could not believe that I had come back.  I wrote him a check for the amount seen here and drove away with the truck.  I did not purchase any additional service plans or extended warranty.  Whenever I go back for service the salesman still remembers me as the “guy who came back.”

There was no chip shortage back then and the dealership had lots of cars in the showroom and on the lot.  The last time I went there was about two months ago… the lot was empty and there was literally one Carolla in a showroom that could easily hold a dozen or more cars.

[Dave D]

Thats a v8 vince with battery in the rear no homo?

It’s under the backseat

[Primemuscle]

I always buy below average cars.  Base models.

I didn't want a large vehicle since it is mostly just me in the car and compacts are easier to manipulate into tight parking spots. I also didn't want to downgrade to an economy model. I did the opposite and got every upgrade possible with the exception of parking sensors. The Mazda CX3 Grand Touring Sport Utility has every possible feature, including AWD, keyless entry, heads up display, leather and suede interior, heated front seats, backup camera, lane departure warning, blind spot warning, radar cruise control, upgraded wheels, mud flaps front and back, etc. The only upgrades I didn't opt for were a roof rack and parking assist. I paid just under $30,000 for it. Kelly Blue Book values it at just under $25,000 today. A $5,000 depreciation in 5.5 years is amazing. I was surprised when I found this out. It helps that it is in excellent condition and only has 29,400 miles.

A little while back, just for the heck of it I built a Mercedes Benz GLA 250 SUV with similar features. It priced out at $50,000. Since it is essentially the same as my car, only with high end name, I don't think I'll be ordering one anytime soon.

[BayGBM]

I didn't want a large vehicle since it is mostly just me in the car and compacts are easier to manipulate into tight parking spots. I also didn't want to downgrade to an economy model. I did the opposite and got every upgrade possible with the exception of parking sensors. The Mazda CX3 Grand Touring Sport Utility has every possible feature, including AWD, keyless entry, heads up display, leather and suede interior, heated front seats, backup camera, lane departure warning, blind spot warning, radar cruise control, upgraded wheels, mud flaps front and back, etc. The only upgrades I didn't opt for were a roof rack and parking assist. I paid just under $30,000 for it. Kelly Blue Book values it at just under $25,000 today. A $5,000 depreciation in 5.5 years is amazing. I was surprised when I found this out. It helps that it is in excellent condition and only has 29,400 miles.

A little while back, just for the heck of it I built a Mercedes Benz GLA 250 SUV with similar features. It priced out at $50,000. Since it is essentially the same as my car, only with high end name, I don't think I'll be ordering one anytime soon.

Have you sat in a GLA? I’m not sure why they call it an SUV; it’s more like a little station wagon. Certainly not a vehicle you would take anywhere off road. MB makes legitimate SUVs but the GLA is not one of them. 

Glad to hear you are happy with your Mazda.

[TheFranchise]

650 dollars at the auction

Vince, do you try to do any of the upkeep yourself or do you find it easier and cheaper to just have someone else do it for you?