Bloomberg can't understand why auto sales are falling
It's actually pretty simple: median income isn't even $50K!
One of the huge problems with the auto industry is that the industry itself is trying to turn a basic necessity for transportation into a luxury. As a result its no wonder that sales are dropping.
Me? I don't need the fancy trimmings. Give me an old-fashioned carburetor, manual transmission, manual door locks and windows and I'm fine. I don't need an in-dash GPS, back-up sensors, or 80 computers monitoring the temperature of my seat.
One of the huge problems with the auto industry is that the industry itself is trying to turn a basic necessity for transportation into a luxury. As a result its no wonder that sales are dropping.
Me? I don't need the fancy trimmings. Give me an old-fashioned carburetor, manual transmission, manual door locks and windows and I'm fine. I don't need an in-dash GPS, back-up sensors, or 80 computers monitoring the temperature of my seat.
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Yes, that has been going on for at least 30 years (probably ever since the end of WW2.) I love to see real improvements in products, too.
Here's one e6430 example, but I have seen better ones on Ebay recently:
http://www.ebay.com/itm/Dell-Latitude...
Heres an e6330
http://www.ebay.com/itm/Dell-Latitude...
People actually want the electric/hybrid cars and those are selling well (at least, last time I checked.) If you sell a product that people want to buy, they will do so. If you try to convince people that the next round of cosmetic changes is worth forking over a ton of bucks, then you get headlines like, Car Sales Drop.
I bet the first autodrive option cars will go like hotcakes.
Jan
There is so much that is advertised that is just 'stuff' and nothing really advantageous. Making something that is actually an asset can still get sales.
Jan
Jan
1992 D250 with Cummins engine
1993 D350 with Cummins engine
No need for anything new. Cummins engines don't die.
If you're interested in their offerings, look here: https://www.eliomotors.com/
Sorry if I wasn't more clear, but I was mocking them and their conclusions in this article. The sad truth is that they have continually priced their customers out of the market. It used to be that the cost of a car was about 1/2-year's salary. Now they've become more than an annual paycheck. And automakers wonder why they aren't selling as many cars.
Bing, bing, bing!! We have a winner!
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