Government Motors has got problems again...
- Thread starter Tsing Tao
- Start date
Subaru!
Longevity, trouble-free motoring. (Outback and Legacy are especially nice for modestly priced cars. Even the ones with leather and "all the fixin's" are only just north of $30K.))
I also have a BMW 535, but it cost 2X the Subie. As I'm not a "badge whore", I prefer the Subie for the money.
Ditto on GM, unions, government. And BTW... Odumbo should face charges of TREASON for his prisoner exchange deal!
I didn't want to hit jem on this since the same mistake has been made by several others. I'm the necromancer this time.
Ah, thanks for pointing that out.
Regarding your article showing a big jump in car sales, that's not at all surprising with loan data the way it is.
Amusing. Auto Loans with terms between 6 and 7 years of duration grew by 27.6%! Wow, drive-a-mortgage is in style. With the average lifespan of a vehicle below the 7 year mark, what does that say for the sustainability of this trend, may I ask?
That trend, should it continue, would depend on creditors, who are desperate in their own way these days. But the trend is changing anyway. People are driving less (what is the car ownership per capita data?), and there is the rise of the metro rent a cars, and soon there will be driverless cars, aka highway trains.
You are certainly correct about the creditors being desperate in their own way, but that doesn't make it a good situation for the sheep taking out loans. This has a familiar ring to it...something about subprime housing, etc. From Experian credit:
Gee, that's never gone wrong for anyone before.
As for your other comment on the rise of alternative methods of travel, how will that work out for the auto makers, who have inventories now at all-time record highs? You like to point out how I'm bearish all the time, but you don't see anything wrong with any of this? Here's your chance to hedge on this thread so we don't revisit it in a year or two.
Sales are still high. It's not like people are going to stop buying cars on the same day. It's a trend, could be decades in the turning.
It's amusing, as I seem to recall the same exact statements made by lots of so-called experts on housing in and around 2005.
True, but I don't think consumers are buying cars to flip them (no pun).
Subaru!
Longevity, trouble-free motoring. (Outback and Legacy are especially nice for modestly priced cars. Even the ones with leather and "all the fixin's" are only just north of $30K.))
I also have a BMW 535, but it cost 2X the Subie. As I'm not a "badge whore", I prefer the Subie for the money.
Ditto on GM, unions, government. And BTW... Odumbo should face charges of TREASON for his prisoner exchange deal!
Subaru's 3.6r and the limited package is a knockout combination.