Prices seem to rise to whatever level people will pay. I remember when 84 month loans first started being a thing and seemed insane. One of the streaming channels runs ads for local dealerships and they keep popping up with stuff for $60K to $80K. Figuring if the average is $50K then given the number that are still available for $25K that means a lot have to be selling for over.Pretty soon the average new car will be $75k. It's already $50k.
Hi new car prices are due to several factors. One is general inflation, second is regulatory requirements for safety and emissions, there is still a post COVID supply chain problem. What we have is an economy with good metrics like low unemployment with the middle class being crushed by high prices.Prices seem to rise to whatever level people will pay. I remember when 84 month loans first started being a thing and seemed insane. One of the streaming channels runs ads for local dealerships and they keep popping up with stuff for $60K to $80K. Figuring if the average is $50K then given the number that are still available for $25K that means a lot have to be selling for over.
I wonder if a lot of people are rolling over their negative equity on their current car into their new car again.
It's weird because most normal people are getting crushed by inflation, while those with investments in the stock market have never been doing better. Nvidia is over 200% up since last year and the S&P 500 is growing super fast!What we have is an economy with good metrics like low unemployment with the middle class being crushed by high prices.
The power amp is measured here, https://www.stereophile.com/content...cbloc-monostereo-power-amplifier-measurements
Just $75K! - hold on - before you reach for your wallet - you'll need two of them for stereo.
All that adds to it. But there are still new options that can haul a family of 5 in the mid $20,000 range. They just aren't like riding around in a luxury jet, the kids might have to sit next to each other in the same row and the neighbors won't be that impressed.Hi new car prices are due to several factors. One is general inflation, second is regulatory requirements for safety and emissions, there is still a post COVID supply chain problem. What we have is an economy with good metrics like low unemployment with the middle class being crushed by high prices.
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Now if they replied 'I know there's none but I just liked the look of it' I'd be fine with that. But that's almost certainly not what they'd say.
I have spent ridiculous amounts on my systems over the years. I started out spending half my college loans on audio equipment and have pretty much continued along those lines as my financial situation has improved. None of my friends were ever impressed... I'm pretty sure they thought it was a peculiar passion but they accepted me as a friend anyway.I’ve spent a lot on my audio gear over the years. But I sure as hell didn’t spend my hard-earned money for somebody else and what they think! I spent it to please myself.
I don't drive an SUV, I actually strongly dislike those massive cumbersome beasts even as they have improved their fuel economy, power, and handling. That said, my car does have 16 speakers and a self opening trunk... I didn't buy the car for either feature, but the sound is quite good and when my hands are full, waving my foot under the rear bumper to open the trunk is pretty darned convenient.Who needs 18 speakers and a self-opening trunk anyway? Good to hear there are still decent mid-range options for families out there, even if they're not luxury SUVs.
Give me back the day when I could buy a work pickup truck. Stick shift that never fails, crank window, no giant laptop inBack in the day, cars didn't have half this stuff and we survived just fine
And don't get me wrong, those things are great and if someone wants and can afford them then, enjoy.I don't drive an SUV, I actually strongly dislike those massive cumbersome beasts even as they have improved their fuel economy, power, and handling. That said, my car does have 16 speakers and a self opening trunk... I didn't buy the car for either feature, but the sound is quite good and when my hands are full, waving my foot under the rear bumper to open the trunk is pretty darned convenient.
What gets me is I've read several 'news' articles talking about how cars are getting so expensive that people can't afford them anymore where they quote someone that complains that they had to take out such a long loan to be able to buy the $58,000 the car they wanted.
The real problem, in my opinion, is today's need for instant gratification. I've had a functional car ever since I turned 16, but I never bought the car that I wanted until I could pay cash. I don't count this as a virtue so much as good sense. Why pay usurers if you don't have to? Enjoy the anticipation of deferred pleasure. I don't think I've ever made a hi-fi purchase that I didn't first obsess over for a year or more. Again not a virtue. I enjoyed learning about what was possible and discovering what I really wanted - far better than bankrupting myself buying the first really shiny object... over and over and over...What gets me is I've read several 'news' articles talking about how cars are getting so expensive that people can't afford them anymore where they quote someone that complains that they had to take out such a long loan to be able to buy the $58,000 the car they wanted.
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I don't drive an SUV, I actually strongly dislike those massive cumbersome beasts even as they have improved their fuel economy, power, and handling. That said, my car does have 16 speakers and a self opening trunk... I didn't buy the car for either feature, but the sound is quite good and when my hands are full, waving my foot under the rear bumper to open the trunk is pretty darned convenient.