Debt continues to increase while wages lag, and many Americans struggle to purchase a new car. In fact, affordability represents the most severe headwind causing the decline in vehicle sales, which are down 2.0% calendar year to date (CYTD) 2019.[Read more…] about Could Forgiveness of Student Loans Lead to a New Peak in New-Vehicle Sales?
new car shopping
New-car shoppers continually debate between buying a fully loaded economy vehicle or a base-trim premium car.
When buyers realize that $40,000 can either buy a Kia or a Volvo, some interesting comparisons arise. Is it better to get a lower-end brand with the latest high-end features or a luxury brand that’s missing some desirable options?
The base price of the Volvo is $2,450 more than that of the loaded Kia. Is the extra cost worth it?
I remember the day the world changed.
We tend to remember exactly where we were when momentous events mark a distinct “before” and “after” in our lives.
In this particular case, many years ago I was watching television, casually unaware my world would change with the very next advertisement.
It was an ad from Hyundai, the laughable Korean car company, promoting a 10-year, 100,000-mile warranty.
“How could this be?” I thought, “Cars aren’t even supposed to last much past 100,000 miles.”
Of course, today we all know differently, as cars routinely pass that mark and even double it.
Now there’s another warranty on the market that might keep pace with the life of current vehicles: the 20-year, 200,000-mile warranty.