Robbie wrote: How many were bought by rental car fleets?
The Feds buy up a lot. Hated the stupid Jeep Compass or whatever it was, crappy gas mileage (not my money), Malibu was OK; but my point is the Feds and various States and others buy up probably more than rentals.
Dan
red_stapler wrote: A podcast that I listen to suggested that a lot of new car sales are being attributed to people driving for Uber / Lyft.
"A lot" when you're talking 17,500,000 new car sales in one year? How many Uber/Lyft drivers do they think there are in the US? Certainly not tens of millions!?
mtn wrote:Keith Tanner wrote: Flyin' Miata has purchased 3 new cars in the past 12 months. So we're helping. Wikipedia says there are 797 cars per 1000 people in the US. That's one for every 1.25 people. According to the IHS, the average age of those cars is 11.5 years. Which means that we've been averaging one new car (and one scrapped car) per 14.3 people over the past decade or so.I think you have that backwards
Are you sure? How would you do the math?
dculberson wrote:red_stapler wrote: A podcast that I listen to suggested that a lot of new car sales are being attributed to people driving for Uber / Lyft."A lot" when you're talking 17,500,000 new car sales in one year? How many Uber/Lyft drivers do they think there are in the US? Certainly not tens of millions!?
Yeah, however it is probably over a hundred thousand at this point.
Keith Tanner wrote:mtn wrote:Are you sure? How would you do the math?Keith Tanner wrote: Flyin' Miata has purchased 3 new cars in the past 12 months. So we're helping. Wikipedia says there are 797 cars per 1000 people in the US. That's one for every 1.25 people. According to the IHS, the average age of those cars is 11.5 years. Which means that we've been averaging one new car (and one scrapped car) per 14.3 people over the past decade or so.I think you have that backwards
Blah you're right.
I'll go and sit in my corner now.
Slippery wrote:Furious_E wrote:I think she was berkeleying with you. $500+ 7 years 12% Thats 50k for a E36 M3ty Equinox.RevRico wrote: How many of those were with Chryslers inflated sales numbers? I often wonder who buys them all every year, until I see people who can't hold down a job driving new cars. Then I wonder how they manage to qualify, knowing they're living off the state and have a negative credit score. Thinking about it, outside of this forum, I only interact with a dozen people on a regular basis, maybe that's why it seems so odd to me.Yup, nothing like driving past a dilapidated trailer and seeing a brand new 'Vette or something parked out front. I was talking cars and car payments with some non-car people at work the other day and was shocked to find out the one girl is making $500+/month payments for 7 years on a freaking Equinox. 12+% interest rate! How someone making $11 and change an hour can afford that, let alone think it is a good idea, is beyond me. This country has truly learned nothing from the past 8 years.
If she had crap credit that's about right. They dont expect her to be paying that for 7 years. They expect her to make it 18 mos so they can collects loads of money, repo it and then sell it again.
mad_machine wrote: last year, 2015, there were 320,000,000 million people living here in the US. During that same time, automakers sold a record breaking 17,500,000 new cars. that is one new car for ever 18.28 people. I do not know who is buying all these new cars.. because nobody I know bought a new one in 2015.. but it astounds me that car makers can shift that many new cars in a year.
Our business is down this year because a lot of our customers bought new cars.
Didn't we have this discussion not to long ago?
A LOT of new car sales are replacements for accidents. Back in the recession, we got info that about 12M cars a year are permanently taken off the road. So that, via the long route of used cars, is a lot of new car sales.
alfadriver wrote: Didn't we have this discussion not to long ago? A LOT of new car sales are replacements for accidents. Back in the recession, we got info that about 12M cars a year are permanently taken off the road. So that, via the long route of used cars, is a lot of new car sales.
12 million per year is 32,876 cars totaled every day. Am I the only one that thinks that might be high?
In reply to STM317:
They are not all accidents. Just removed from the road. So that includes all of the cars that are just worn out over time. All those "run when parked" came from someplace.
In reply to red_stapler:
Sure, which means less than 1% of one years sales. Not even approaching a little let alone a lot. The podcast needs to rethink their position. ;)
crankwalk wrote:Slippery wrote:If she had crap credit that's about right. They expect her to be paying that for 7 years. They expect her to make it 18 mos so they can collects loads of money, repo it and then sell it again.Furious_E wrote:I think she was berkeleying with you. $500+ 7 years 12% Thats 50k for a E36 M3ty Equinox.RevRico wrote: How many of those were with Chryslers inflated sales numbers? I often wonder who buys them all every year, until I see people who can't hold down a job driving new cars. Then I wonder how they manage to qualify, knowing they're living off the state and have a negative credit score. Thinking about it, outside of this forum, I only interact with a dozen people on a regular basis, maybe that's why it seems so odd to me.Yup, nothing like driving past a dilapidated trailer and seeing a brand new 'Vette or something parked out front. I was talking cars and car payments with some non-car people at work the other day and was shocked to find out the one girl is making $500+/month payments for 7 years on a freaking Equinox. 12+% interest rate! How someone making $11 and change an hour can afford that, let alone think it is a good idea, is beyond me. This country has truly learned nothing from the past 8 years.
And she may have been upside-down on her previous car, rolling old debt into new. I saw it recently with a woman who bought a 370Z and is paying $580 a month for 7 years. She even admitted to knowing what she was doing but said she didn't care, she could afford the payment and loved the car.
I bought a new car ('15 Fiesta Ecoboost) but I was tired of getting the E36 M3 kicked out of me by my first gen insight.
I'm in the market for a 2003+ Chevy Truck.
There is one sitting, mostly wrecked, used as a firewood hauled, across the street in a back lot.
Even more crazy is that is a low-income neighborhood. Those people aren't rich.
Keith Tanner wrote: Flyin' Miata has purchased 3 new cars in the past 12 months. So we're helping. Wikipedia says there are 797 cars per 1000 people in the US. That's one for every 1.25 people. According to the IHS, the average age of those cars is 11.5 years. Which means that we've been averaging one new car (and one scrapped car) per 14.3 people over the past decade or so.
To be fair, guys like me with 11 cars to one person skew those numbers
I'm not helping either. The average age of my fleet is probably pretty high, and we're at about 6 cars per person in our house.
But I like seeing strong new car sales. Even if I don't buy new cars (I have in the past and I will again), that funds R&D and generates a supply of good used cars for the future. So I don't mock those that buy them.
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