I mean. Europe isn’t easing up from what it seems. Still going to have to develop for that market. So those R&D dollars are still going to be spent. Also, hybrid take rate is skyrocketing. Seems like a good way to cede marketshare uncontested to a peer group in a fast-growing sector. Then having to claw all that back…

Of course they will.

I could sit here and tell you this is a shocking development, but it really isn’t. When given the chance, a mega-corporation like GM is going to take the path of least resistance and highest profits.

At least in America, are there any BEVs that don’t already have a highly comparable ICE variant or were inspired by an old ICE model you can still get in the used market?

...one of the main reasons I bought a Hummer EV is because it ISN’T gas or diesel...that’s the schtick. Diesel and lifted truck bros HATE them and I love it. They’re always trying to roll coal or gun it past me and I just laugh knowing I’ve got well over twice their horsepower available in an instant and have a…

You mean they would buy the RAV4.

We really should have gotten a new Honda Hatchback in america with a modest engine and manual trans. I love the look of these little cars!

I worked for Mercedes for a short period. Everyone who worked with me would dance around the "interesting" looks. I would straight up tell them it's one of the worst looking cars I've ever seen. I can't believe there's even a market for them.

The crazy thing is this isn’t much of an outlier. There are an astounding number of people carrying negative equity and being underwater. This is just an extreme case

You can’t look at the last election results and conclude anything except ‘most people are idiots’.

🎯

I’ve got a buddy who works at a Honda dealer.  They had a customer who wanted to trade in a Palisade with a ~45k MSRP that they owed 75k on.

I don’t think the dealership has any financial responsibility, if he doesn’t buy a car here, he’ll buy one next door.

Subtitle correction:

I like how he slyly called the GLE53 coupe ugly. There were a couple of those in my old neighborhood and they are absolutely hideous. 

I can guarantee that someone in this guy’s friend or work circle recently insulted his GV80 by calling it an overpriced Hyundai sometime in the past 2 weeks, and calling him poor.

1. This person is absolutely insane, but people have made ruinous financial decisions forever.

If you were in the business, you know just as well as I do that a 121% LTV higher than a giraffe’s ass, but they’ll absolutely get it done.

If you’re that stupid, you deserve all the bad things. Let ‘em have it.

The best part is that every automaker moving ‘upmarket’ is code for chasing these kind of irresponsible impulse purchasers.