It’s 12% of people, if we assume that those buyers are mostly in the upper 12% of earners, then most of them make between $210,000 and $500,000 a year. So these $1000 car payments are less than 10% of their income, even in the highest tax states.
It’s 12% of people, if we assume that those buyers are mostly in the upper 12% of earners, then most of them make between $210,000 and $500,000 a year. So these $1000 car payments are less than 10% of their income, even in the highest tax states.
For example, if you have a car that’s worth $10,000 and needs $5,000 in repairs, historically that’s probably not worth it.
It’s safe to say those are two pretty important models to those automakers.
When there are enough people whose buying habits are completely unaffected by these supply related price increases,
27k units feels like a decent number, especially for a vehicle in a segment known for healthy profit margins and brand loyalty.
There’s no reason they can’t make a hi-po hybrid from a Prius.
and the average speed over the journey was 52 mph. That’s far from the ludicrous performance we usually associate with EVs.
Hyundai and Kia are moping it up.
The long-term trends are downward and there is no reason to think that the long-term trends won’t continue to go in that direction for the foreseeable future.
For perspective, here are some other 0-60mph times:
It seems to get categorized as a compact crossover, but, to me, it’s a hatchback.
I’m sure the politicians you vote for are the ones who don’t engage in such “frippery”...
FWD performance cars have come a long, long way in the past 10 years.
Yup. I’m in the same situation, but for a A91-MT.
I mean, if you’re going for space and utility, it makes sense to go with the X3 M and get some more suspension travel and an more side wall (I checked 102mm vs 86mm) for comfort, plus the added cargo capacity.
On a car tailored more for enthusiasts, people more attune to the car market going “nah, I’ll wait” unlike the average car buyer?
But no one bought it because it’s a Hyundai.
This attitude is dumb, out of touch, and smells of entitlement. Lots of self-made wealthy people had to get loans for things like cars when they were younger.
Yeah, 2019 was the best year to buy a car in recent memory.
...and 14 million, millionaires.