DENNING: “.. The average vehicle now goes for about $48,000 compared with $38,000 on the eve of the 2020 lockdowns. Auto loan rates have meanwhile jumped from about 5% back then to around 8% today.” @bloomberg.com @liamdenning.bsky.social www.bloomberg.com/opinion/arti... - ThreadSky

carlquintanilla.bsky.social • 25 days ago

DENNING: “.. The average vehicle now goes for about $48,000 compared with $38,000 on the eve of the 2020 lockdowns. Auto loan rates have meanwhile jumped from about 5% back then to around 8% today.”

@bloomberg.com @liamdenning.bsky.social
https://www.bloomberg.com/opinion/articles/2025-05-08/big-auto-s-tariff-disruptions-look-oddly-familiar

Comments

endicottroad.bsky.social•25 days ago

When I was in middle school, a very expensive NEW car was $12K. Nowadays, you can't get a decent USED car for that much.

natnicnyc.bsky.social•25 days ago

Arrears are increasing too

lyrat-n.bsky.social•25 days ago

And the cost of used vehicles has jumped dramatically - last summer I budgeted to buy a used car in the spring but when I went to shop, the price of the vehicles I wanted had increased by $15,000

carmen-theresa.bsky.social•25 days ago

+ more in local taxes and higher license fees for states that calculate on car value.

rogerthat---ex-x.bsky.social•25 days ago

That's some gouge.

lioness-cal.bsky.social•25 days ago

That’s a big increase in five years

hobbesjosh.bsky.social•25 days ago

And the future is hybrid and electric. But MAGA wants us to keep buying gas cars.

ktm2013.bsky.social•24 days ago

And 60 day auto loan delinquencies rising steadily...

hangten500.bsky.social•25 days ago

Trump is a clown like Navarro

35273.bsky.social•25 days ago

Come on, you really think the average person would buy a vehicle in this climate of Uncertainly living in a F up country 😒

h0pe4dfuture.bsky.social•25 days ago

Yes, we have to loan shark on the back of any possibility.

easttraveler.bsky.social•25 days ago

Trump is absolutely KILLING the auto industry and many other sectors of the economy...

MAGAetts have learned nothing...

talorc777.bsky.social•25 days ago

“Auto dealers” have always been finance and insurance shops that would also happen to sell you a car

susancampe.bsky.social•25 days ago

As tariff's inflate the costs for parts for repairs following accidents, insurance rates are also going to be going way up too...

true-me.bsky.social•24 days ago

💯 The cost of all types of insurance has increased dramatically over the past five years.

sarahcconner.bsky.social•25 days ago

But how much are eggs ?!🤪🤪

kenofseattle.bsky.social•24 days ago

Rebuild old dead pickup trucks. Ford and Chevy. You will come out ahead every time.

appledawg.bsky.social•24 days ago

I’ll tide a horse before I’ll buy anything from this White GOP Christian Nationalists Cult of inherited and thieving wealthy white racist vermin …for 1,000 of years the citizens have been held down by these corrupt POS

wiese2154.bsky.social•25 days ago

How many units a day must the average dealer sell to break even?

adamshepard13.bsky.social•25 days ago

In 2015 the cheapest Civic (sedan + auto trans) was $19,090. That is $25,730 in todays dollars. The cheapest Civc today (sedan + auto) is $24,250. So cheaper and better today than 10 years ago.

adamshepard13.bsky.social•25 days ago

You can do this with any regular car (even small SUVs) and you will see the same thing. The increase is in trucks and big SUVs. The demand for them has increased. So the problem is ourselves.

dontputmarbles.bsky.social•25 days ago

The thing that really sucks is that those $80k truck monstrosities would absolutely annihilate a practical car in a wreck. I will only ever drive a normal car, but I think about that from time to time

adamshepard13.bsky.social•25 days ago

So true. Other problem with the $80k trucks is that very few people can actually afford them. I’m convinced this is driving a lot of the ‘economic anxiety’ people cited before the election. People who bought them, but now can’t pay for anything else. And others who wonder why they can’t afford one.

dontputmarbles.bsky.social•25 days ago

It's not great

https://thehill.com/homenews/5183840-late-car-payments-record-high/

elshane-o.bsky.social•25 days ago

Make it make sense

basiccitygirl.bsky.social•25 days ago

$10,000

ktm2013.bsky.social•24 days ago

Light years ahead of the turd buckets coming from US automakers.

true-me.bsky.social•24 days ago

By all accounts BYD mfrs all-around amazing EVs and the battery/charging technology is superior. Unfortunately, we don’t have access to them.

How come the “genius” can’t mfr comparable EVs at a competitive price? Or at least one that doesn’t fall apart bc it’s glued together.

basiccitygirl.bsky.social•24 days ago

i loved obama but i would have let both the big banks and car companies fail.

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