Thread 82974152

>what if we repeated the 2008 housing market crash but with cars instead
Why is this company allowed to exist again?

>>82974152 (OP)
There's zero possibility of contagion. Auto loans aren't that important.

Because dealing with car salesmen is worse.

>>82974158
Pretty much. People defaulting on auto loans won't crash the economy because the car itself is the collateral for the loan. However, they are definitely a symptom of larger issues and shouldn't be ignored because they indicate that a lot of people are facing financial hardship

>>82974198
It's self imposed hardship. They don't need to buy a 60000 dollar truck. The reason the defaults won't impact the economy much is because the holders of those loans already know they're risky. MBSs were also backed by collateral but everyone thought they were safer than they really were. Also MBSs were a much larger market.

>>82974152 (OP)
I'm keeping my 2001 Honda econobox until you pry it from my cold, dead hands
I've never had an auto loan in my life and I intend to die that way

>>82974229
Buy 2 and when 1 breaks down you drive the other while you fix the first one

>>82974152 (OP)
>company selling used cars
As an outsider this looks quite normal, is there something special the company is doing or are muricans not buying used cars usually?

>>82974219
>They don't need to buy a 60000 dollar truck.
Have you seen the average retail car price? This isn't Europe where you can buy an electric car for $10k.

>>82974294
You can get vehicles for cheaper here. Civics are like 30k. Most people who buy trucks don't need trucks. The reason we can't buy cheap vehicles here is all the protectionism we place around the auto industry. I'd love for all that to go away so Ford has to actually compete against the Chinese instead of just popping out shitty trucks and selling them for 100k.

>>82974152 (OP)
I blame tariffs, not used car salesmans

>>82974198
A house is collateral for a home loan. But its' easier to get the funds to buy a car so a spike in car repos just mean slightly lower prices in the used car market.

>>82974314
>Civics are like 30k.
If I'm spending thirty thousand fucking dollars, I deserve a nicer car than a Civic, which should cost more like $10k. I'm not disagreeing with your premises, but I am disagreeing with your conclusions.

>>82974347
Either way the high price of vehicles here is from protectionism and we should just let the Chinese flood us with their shitty EVs so Ford and GM get their shit together and start making decent vehicles again.

>>82974376
To play Satan's Follower, "but that's socialism."

>>82974347
it's all the electronics in modern cars which drive up the price and make them a nightmare to fix.

>>82974402
>b-but we're stupid fucking idiots who can't compete with the chinese
Really?

>>82974387
>free market economics
>socialism
I hate my life

>>82974413
That's right, you forget that you had to convince retards that taking away subsidies from multi-billion dollar companies isn't communism. I bet you feel rather sheepish.

>>82974402
>it's all the electronics in modern cars which drive up the price
Electronics are cheap tho

>>82974152 (OP)
Because it works for everyone that matters.
You can sell your piece of shit car not worth 2k on FB marketplace, to caravana for 6k or more. Just report it's all good, they pay cash and literally dont give a shit. They make their money back ten times over by financing their own vehicles and getting ten times the money back from repossessing the same sports car non stop.

>>82974437
Car costs are driven up by labor. I live in metro Detroit, these union guys do barely any work and get paid more than non union guys with masters degrees in the defense sector, it's fucking insane.
The only problem is that the price of cars has gone up to what the market will bear. The only pressure applied is to automation, the breakpoint for automation being cheaper than labor will just mean even if the car cost near nothing to make, they will not lower the price. EV's are also a huge scam since they're just way cheaper to manufacture compared to an actual car with an engine.

>>82974402
>>82974437
they're more expensive than nothing
it's well known that this is why insurance has skyrocketed. The lanekeeping and auto-braking stuff depends on sensors in the bumper. For a car with no tech if you ding your bumper that's what, a few hundred bucks? Get new bumper (it's just a piece of high-strength plastic) and have whatever random guy is working that day take off the old one and put the new one on. With tech all of a sudden the bumper is full of cameras and lidar sensors and those have to be not only hooked up but calibrated to the gorillion computers in the car, so now it's a $2500 repair between parts and labor. All for something that mostly just beeps and flashes and irritates you while you're driving, but they no longer let you buy a car without that stuff. (((Standard Feature))) on all trim levels.

>>82974463
The unions block automation and throw a fit whenever those companies talk about moving to EVs
>>82974433
I hate retards I hate retards I hate

>>82974320
Biggest problem is illegals. They all had cars and a lot of them bought it on loans and now that they are getting deported they won't pay it.

>>82974481
>hate hate hate
There, there! The trick is to become a meme lord. Just meme them into doing what you want. That's why they're doing this dumb shit on the first place: some faggot memed them first.

>>82974503
It's depressing that politics has just turned into a ragebait competition. I know it's always been like that but it wasn't this overt in the past.

>>82974491
Retard, illegals bring cheap labor, and cheap labor means cheap products. The people to blame for expensive products are CEOs.

>>82974519
No cheap labor means more profits, that's it.

>>82974518
The world is a big place. Don't get so worked up over everything out there. Build your own community. That's how change happens.

>>82974480
>With tech all of a sudden the bumper is full of cameras and lidar sensors and those have to be not only hooked up but calibrated to the gorillion computers in the car, so now it's a $2500 repair between parts and labor
Forgot that they glue everything in

>>82974531
>erm the companies aren't lowering prices!!!
That's not the fault of the workers

>>82974480
>>82974537
So how is BYD able to do it for so cheap?

Page 3 bump
The male urge to talk about cars @_@

>>82974553
I mean that anon was talking about the repairs not the initial costs for the electronics themselves

>>82974660
If You Can Build A PC
You Can Install LIDAR

>>82974676
>thinking it's as modular as a PC instead ot everything being glued together like in a macbook

>>82974542
Lol more workers mean companies can pay workers less.
Smaller labor pool increases the value of labor.
Illegals are the excuse companies can use to not pay anyone well and you're eating out of their hand

>>82974684
>has never used thermal paste
>2025

>>82974698
I get paid $120k yearly, which is $1000 less than the American household average last I checked, so I don't see the issue.

>>82974152 (OP)
Idk anything about the economy, just that it's so bad right now that my strict old-fashioned Soviet father who physically beat me with math textbooks growing up lets me NEET at home and isn't angry with me

>cars today are built 10x worse but are 10x expensive
Jews...

>>82974553
China's EVs are actually more expensive to produce than you know. China has a long tested policy of trying to crash the market of anything produced in the West by subsidizing it, and then when those companies fail and the Chinese companies have captured the entire global market, they stop the subsidies and let the prices normalise. They know that the cost of regulations, safety, labour etc. are higher in the West so they can always destroy our industries at a whim

>>82975122
Explaining that pic

>>82975122
>>82975146
Ah interesting, the government is subsidizing the consumer rather than the companies.

>>82975622
The money is going to the company, it's no different from how the US subsidizes corn farmers. I don't know why we get mad about this though, China is basically willing to pay us to take their shitty cars and we refuse to allow it.

>>82975635
Bruh I want cheap cars

>>82975655
Cars are expensive because the government insists on protecting the US auto industry from foreign competition, free trade fixes this.