May 2015 Yaris Sales: Up

[YodaBird]

Ask yourself, how many people really have the cash for a car, unless they save or inherit money, then they usually buy a expensive car depending on how much they inherit.

We all know; car payments + car insurance + gas can throw anyone over the edge, eliminate one of them, mostly car payments and not that insurance gets cheaper but it's a little more comfortable knowing you only have to pay $1500 - $3000 average a year for insurance and when my renewal comes I always say a four letter word, every year. :(

[nookandcrannycar]

Originally Posted by YodaBird

unless they save

This is key. Think, just as an example, the mindset outlined in the book "The Millionaire Next Door". This is easier to apply in a lower tax, lower service place like Texas, but the principles are still applicable to anyone...at least any citizen of the U.S., Canada, Western European countries, Australia, New Zealand, and some countries in Asia.

We all know; car payments + car insurance + gas can throw anyone over the edge, eliminate one of them, mostly car payments and not that insurance gets cheaper but it's a little more comfortable knowing you only have to pay $1500 - $3000 average a year for insurance

Re insurance rates. Near or in GTA ? Only a fraction of the states in the U.S. have no-fault insurance, which I understand is the norm in Canada. In 'non no-fault' states, If you own your vehicle outright (no lien/loan), then you aren't required to have comprehensive or collision insurance, which helps keep rates down. Living in a low crime zip code, and having an excellent credit score also help. Other things that don't apply to everyone (making the decision to be married, and doing so) also help.

and when my renewal comes I always say a four letter word, every year. :(

[Thirty-Nine]

Originally Posted by YodaBird

Ask yourself, how many people really have the cash for a car, unless they save or inherit money, then they usually buy a expensive car depending on how much they inherit.

We all know; car payments + car insurance + gas can throw anyone over the edge, eliminate one of them, mostly car payments and not that insurance gets cheaper but it's a little more comfortable knowing you only have to pay $1500 - $3000 average a year for insurance and when my renewal comes I always say a four letter word, every year. :(

According to Consumer Reports:

Originally Posted by Consumer Reports

A record 84.5 percent of shoppers who acquired a new car last quarter used financing, either a loan or a lease. That's the highest level since Experian Automotive, an information service company, began tracking this data in 2006.

So nearly 85% of Americans make monthly payments. Keep in mind in 2014, 16.52 million (yes million) new cars were sold in the U.S. That means that 5% of the entire population of the United States got a new car in '14.

People want new cars. And in the U.S., where bigger is usually equated to better, small car sales are a tough sell, especially when 1) there isn't much profit and 2) when gas prices fall.

[ern-diz]

Originally Posted by Thirty-Nine

People want new cars.

...as I'm going into yr 8 with my Vader helmet

Kidding aside, I would like a new car, something different, but just can't get myself into a monthly payment when my car is perfectly fine and I don't even commute for work. It would be a gross misuse of funds.

[Thirty-Nine]

Originally Posted by ern-diz

...as I'm going into yr 8 with my Vader helmet

Kidding aside, I would like a new car, something different, but just can't get myself into a monthly payment when my car is perfectly fine and I don't even commute for work. It would be a gross misuse of funds.

I've never had a car more than two years ... until I got my Yaris. It'll be eight years with my '07 in August!

I've come to not enjoy a car payment. Trying to pay off our WRX soon. About six months left—it can't come soon enough.

And yes, when (not if, but when) gas prices go back up, I'm sure we'll see the used car lots stocked full of gas guzzlers ... again.

[ern-diz]

Originally Posted by Thirty-Nine

I've never had a car more than two years ... until I got my Yaris. It'll be eight years with my '07 in August!

I've come to not enjoy a car payment. Trying to pay off our WRX soon. About six months left—it can't come soon enough.

And yes, when (not if, but when) gas prices go back up, I'm sure we'll see the used car lots stocked full of gas guzzlers ... again.

Totally agree.

We got our cars nearly at the same time. Late July/early August.

[nookandcrannycar]

Originally Posted by Thirty-Nine

I've never had a car more than two years ... until I got my Yaris. It'll be eight years with my '07 in August!

I've come to not enjoy a car payment. Trying to pay off our WRX soon. About six months left—it can't come soon enough.

And yes, when (not if, but when) gas prices go back up, I'm sure we'll see the used car lots stocked full of gas guzzlers ... again.

[nookandcrannycar]

Originally Posted by ern-diz

just can't get myself into a monthly payment when my car is perfectly fine and I don't even commute for work. It would be a gross misuse of funds.

Exactly !!!

[nookandcrannycar]

Originally Posted by Thirty-Nine

According to Consumer Reports:



So nearly 85% of Americans make monthly payments. Keep in mind in 2014, 16.52 million (yes million) new cars were sold in the U.S. That means that 5% of the entire population of the United States got a new car in '14

Fascinating. Thanks for posting this.

in the U.S., where bigger is usually equated to better

IMO, this is because much of the populace are sheep being herded by marketers, rather than having the self awareness to examine what they really need and what might be in their best interest. However, I think people should be able to make any such decisions without any level of government influencing them.

[Thirty-Nine]

Originally Posted by nookandcrannycar

IMO, this is because much of the populace are sheep being herded by marketers, rather than having the self awareness to examine what they really need and what might be in their best interest. However, I think people should be able to make any such decisions without any level of government influencing them.

Agreed. Plus, North America is one of the places in the world big enough that we can have giant vehicles. Places like Europe and much of Asia are simply too densely populated to make driving anything larger than a Yaris feasible.

Big vehicles = big profits in the U.S.