Davin News Server

Charlie Glock wrote:
> On 2024-06-16, CaLaVeRa <cv@invalid.org> wrote:
>> On 6/16/2024 1:28 PM, Alan wrote:
>>> On 2024-06-15 22:34, JTEM wrote:
>>>>    Alan wrote:
>>>>
>>>>> On 2024-06-15 16:28, AlleyCat wrote:
>>>>>>
>>>>>> Gov. Whitmer Touted 12,000 EV, Battery Jobs. Billions Later, Only
>>>>>> 200 Were
>>>>>> Created
>>>>
>>>>> What you leave out is that it was only in 2022...
>>>>
>>>> Lie. It's pretty consistent, across the board, where the claims
>>>> regarding ANYTHING "alternative" fall far short of the reality.
>>>>
>>>> They want you to believe that their future, the one they are
>>>> willing to allow us, is going to be exactly like the present
>>>> only all our energy will be coming from windmills, and everyone
>>>> will be driving EVs.
>>>>
>>>> This is never going to happen. It can't and they don't want it
>>>> to.
>>>>
>>>> I remember when EVs came out I pointed out how they do one
>>>> thing and one thing only, and that's raise the price of cars,
>>>> price people out of cars.
>>>>
>>>> It worked. They priced people out of cars. People are poorer.
>>>> They can't afford as much. Which, by definition, means they
>>>> are poorer.
>>>>
>>>>         ...they claim that a Dodge Hornet has something like a
>>>> "600 day supply." Which means that, at the current rate of
>>>> sales, it'll take 600 days to clear all those cars off of the
>>>> dealership lots.
>>>>
>>>> The Ford F series lost about 250,000 sales. In 2023 they were
>>>> down to 750k units.
>>>>
>>>> People are priced out of cars. This is a trend that will
>>>> continue. The divide between the Haves and Have-Nots will
>>>> rapidly expand into a canyon of pain.
>>>>
>>>> This is all thanks to the policies you endorse here.
>>>
>>> New car sales are down because cars are lasting far, FAR longer than
>>> they used to.
>>>
>>
>> Nope.
>>
>> That is already baked in, has been for the past 20 years.
>>
>> Try again, liar:
>>
>> https://finance.yahoo.com/news/used-car-prices-fall-again-in-april-down-nearly-17-from-pandemic-highs-162758735.html
>>
>> Kelley Blue Book estimates Americans purchased 35.9 million used
>> vehicles last year from dealers and private parties, just below 2022’s
>> 36.3 million. Used vehicle purchases more than doubled new retail sales
>> last year, which KBB estimates hit 15 million vehicles.
>>
>> Manheim also noted weakness in the EV market in April, where automakers
>> like Tesla (TSLA) are cutting retail prices, hurting prices paid in the
>> used market.
>>
>> The firm noted that seasonally adjusted EV values last month were down
>> 17.5% from the prior year. For non-EV cars, prices fell 13.1%.
>>
>> Still, KBB wrote in a report last week that lower prices aren't expected
>> to boost auto sales figures, which have held steady in recent months.
>>
>> Data from the Bureau of Economic Analysis showed that in April, car and
>> light truck sales came in at an annualized rate of 15.7 million
>> vehicles, down modestly from a peak rate of 16.1 million in December. In
>> the years before the pandemic, auto sales tended to float between an
>> annualized rate of 17 and 18 million vehicles.
>>
>> "The Conference Board Consumer Confidence Index declined 5.9% in April,
>> as views of both the present economic situation and the near future
>> declined. Consumer confidence was down 6.5% year over year. Plans to
>> purchase a vehicle in the next six months declined from last month but
>> remained higher than a year ago.”
>>
>> https://money.com/used-car-prices-decline-prediction/
>>
>> Experts predict that used car prices could decline by as much as 14% as
>> the market recovers from supply disruption issues that sent costs soaring.
>>
>> A new report from CarGurus states that used and new vehicle prices will
>> likely moderate this year and for the next several years. According to
>> the online vehicle marketplace, there's a lot of room for prices to fall
>> if vehicle inventory returns to normal volumes, as expected.
>>
>> Why used car prices are falling
>>
>> Used vehicle prices are falling in part because high auto loan rates are
>> scaring away potential buyers.
>>
>> In a separate report on Friday, Jonathan Smoke, chief economist at Cox
>> Automotive, said that “demand is tepid at best, as shoppers just don’t
>> have any urgency to buy in the current economic environment.”
>>
>> The average auto loan interest rate for used vehicle purchases was 11.9%
>> at the end of 2023, up from 10.4% a year earlier, according to Experian.
>>
>> Also, the used market had been competitive for years because there was
>> such a lack of supply of new vehicles. Now that new vehicle supply has
>> bounced back, more buyers are shopping in that market again. Roberts
>> says the effect is reduced competition for used vehicles.
>>
> 
> 
> People are buying cars.
> They just aren't buying ev cars.
> The potential early adopter market has dwindled as people learn the downsides of owning an ev.
> 

Like the 8 national charging stations Xiden has rolled out...uh huh...