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chip shortage devestating new car sales
| September 26th, 2021 at 4:10:14 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18203 |
Really? Surprising as I have seen many high-mile Subarus for sale and you had to race to get them as people scooped them up. Makes me wonder if I got a new engine for my Hyundai because of a lawsuit? The President is a fink. |
| September 26th, 2021 at 7:25:39 AM permalink | |
| DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4960 |
I am not brand loyal. The last 5 vehicles I have bought are Honda CRV, Mazda 6, Chevy Equinox, Kia Optima, BMW 430. I tend to buy whatever brand gets me the best deal or discount. I am most proud of my Chevy Equinox deal. $167 a month lease with $0 down and I sold it at three years for $4000 more than my lease payoff. At my age a Life In Prison sentence is not much of a detrrent. |
| September 26th, 2021 at 6:29:35 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
That is very eclectic. I think a BMW 430 lease would be double that of a Kia Optima.
As well you should. If my calculations are correct that is a net outlay of $13 a week. Many people have a Starbucks addiction that costs way more than that. The average lease payment for the Chevrolet Bolt EV is $333/mo with $2,000 due at signing for a 36-month term with 12,000 annual mileage limit. That would be a lot more expensive than the Chevy equinox deal.
The Subaru Head Gasket issue was so widely known and discussed and it lasted in some degree of severity from the introduction of the EJ25 engine found in Most Models from mid 1995 up until they were replaced by FB20B and FB25B for the 2012 model year. The head gasket issue overlapped the beginning few years of Subaru's incredible 12 year streak of increasing US sales that was only ended by COVID. 611,942 2020 - COVID 700,117 2019 ==== Compare to Ford F-series 896,526 sales that year 680,135 2018 647,956 2017 615,132 2016 582,675 2015 513,693 2014 424,683 2013 - North American Subaru Legacy and Outback designed with new engine 336,441 2012 266,989 2011 - North American Subaru Impreza, Crosstrek and Forester designed with new engine 263,820 2010 216,652 2009 187,699 2008 187,208 2007 - start of Subaru's unprecedented 12 year steady increase in sales 200,703 2006 196,002 2005 ==== Compare to Ford F-series 901,463 sales that year 187,402 2004 186,819 2003 The excess leaking oil lawsuit was one of the most serious after the head gasket was mostly resolved. The "rod bearings" suit only applied to the WRX sports car so was relatively limited. Subaru class action settlement resolving claims that connecting rod bearings caused premature engine failure on a 2012 through 2017 Subaru Impreza WRX or STi with an EJ-series 2.5-liter turbocharged engine.- March 11, 2019 Subaru Settles Oil Burning Class Action Lawsuit January 6, 2016 |
| September 27th, 2021 at 10:05:53 AM permalink | |
| DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4960 |
I would say you are probably correct. I don't recall the exact numbers but the BMW was a convertible and the most expensive lease that I have ever had. At my age a Life In Prison sentence is not much of a detrrent. |
| September 27th, 2021 at 3:20:08 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | Most people don't swing that wide. 2021 Kia K5 (Optima) / MSRP From $23,590 2021 Chevrolet Equinox / MSRP From $23,800 2021 Mazda6 / MSRP From $24,475 - There will be no 2022 model 2021 Honda CR-V/ MSRP From $25,350 2021 BMW 4 Series Convertible/ MSRP From $53,100 Average age of an American vehicle is now 12.1 years. |
| September 27th, 2021 at 3:32:41 PM permalink | |
| DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4960 |
Talk about a big swing, my Cadillac Allante convertible was $52,000 in 1990. At my age a Life In Prison sentence is not much of a detrrent. |
| September 27th, 2021 at 3:41:22 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
That's $111.5K in today's buying power. The fast moving vehicles in August over $40K (average transaction price | ATP) are
Brands with an ATP over $50K for the month of August $51,237 Lexus $51,466 Ford $51,987 Infiniti $53,595 Volvo $54,039 Ram $54,547 Tesla $56,888 Audi $58,010 GMC $59,118 Genesis $61,774 Lincoln $63,700 BMW $69,118 Jaguar $74,332 Cadillac $74,900 Mercedes-Benz $82,738 Land Rover $96,344 Porsche Average Transaction Prices usually average 25%-30% above base MSRP because of optional trims and additional dealer markup. It's funny to see Ford, Ram, and GMC in the list as we don't normally think of them as luxury brands. |
| September 27th, 2021 at 6:04:01 PM permalink | |
| DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4960 | I had no idea the Ford Bronco was almost $50,000. If I remember correctly it comes with a three cylinder engine. At my age a Life In Prison sentence is not much of a detrrent. |
| September 27th, 2021 at 10:35:21 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
It does have a three cylinder engine Manufacturers have found that people are very willing to go up to much higher trims than they are to buy a different car. ($29,995) base model Bronco ($34,880) Big Bend ($37,545) Black Diamond ($40,450) Outer Banks ($43,590) Badlands ($48,475) Wildtrak ($58,905) First Edition Subaru has converted the last of their 7 gasoline models to a single global Subaru platform. The model names have sort of become variations on a single car
The BRZ sports car and the upcoming Solterra Electric Vehicle are built on Toyota platforms as Toyota owns 20% of Subaru. Entry level Impreza and Crosstrek are a much higher percentage in Canada, Australia, and Europe than in the United States. Russians and Chinese only want fancy Subarus as they have a million cheap domestic cars to choose from. Subaru makes almost all of their money in the US. WRX/STI stunt car |
| September 28th, 2021 at 8:35:23 PM permalink | |
| Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 | The thing that's always so fake about these extremely choreographed car chases is if you watch the cop car behind them he always manages to pull off the same stunt as the getaway driver. He makes a skidding emergency brake hairpin turn and so does the cop car. Would never happen in real life but then, none of the stuff in this video would happen in real life. First and foremost they rob a bank and within 60 Seconds there are two dozen police cars chasing them. Ridiculous. The only place where there are that many cop cars in one area is a police station parking lot. If you take a risk, you may lose. If you never take a risk, you will always lose. |