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Re: Future Value of Retrobirds
Rick, This is what I found for August 2013.
http://www.usatoday.com/story/money/...ugust/2761341/
The average transaction price for a new vehicle set a record of $31,252 in August, according to TrueCar.com, up 3.2% from a year ago.
The new high is up 0.5%, or $164, from July, the auto data research and shopping site reports.
The record was powered by five car companies that each had record prices in the month: Chrysler, Ford, Honda, Nissan and Volkswagen.
TrueCar's transaction price is meant to include everything – price of the vehicle, discounts, add-ons, taxes and license fees – all the amounts that total to the out-the-door price.
"Historically low interest rates as well as very attractive lease specials fueled by high resale values are enabling consumers to buy more expensive vehicles while still keeping payments at affordable levels," said Jesse Toprak, senior analyst for TrueCar.
"It's good day at the office for the manufacturers when the sales continue to grow double digits while transaction prices reach record highs."
The Hyundai Group – Hyundai and Kia brands combined – fared worst among the majors, down 4.2% from a year earlier, to an average $22,418, and off 0.2% form July.
Auto researcher Kelley Blue Book says the estimated average transaction price in the U.S. is up nearly 1% from this time last year.
It says the average is even higher than TrueCar's number: $31,657. Kelley data show, however, that is a drop of $138 from last month, though up $221 from a year ago.
Kelley data show that Chrysler and Honda show the greatest year-over-year strength, while Volkswagen dropped more than 7% since August 2012 on its aging lineup.
Phil, The market averages better than 6% a year. Its like the casino's odds, they don't win every bet but by staying in the game, the odds work and they always make money. And my comment was to point out the error of thinking a car would go up in value 60% in 10 years with LOW inflation.
We spend a lot of time talking about the worth of our cars? Can you find a discussion about it that you didn't initiate?
Rick, This is what I found for August 2013.
http://www.usatoday.com/story/money/...ugust/2761341/
The average transaction price for a new vehicle set a record of $31,252 in August, according to TrueCar.com, up 3.2% from a year ago.
The new high is up 0.5%, or $164, from July, the auto data research and shopping site reports.
The record was powered by five car companies that each had record prices in the month: Chrysler, Ford, Honda, Nissan and Volkswagen.
TrueCar's transaction price is meant to include everything – price of the vehicle, discounts, add-ons, taxes and license fees – all the amounts that total to the out-the-door price.
"Historically low interest rates as well as very attractive lease specials fueled by high resale values are enabling consumers to buy more expensive vehicles while still keeping payments at affordable levels," said Jesse Toprak, senior analyst for TrueCar.
"It's good day at the office for the manufacturers when the sales continue to grow double digits while transaction prices reach record highs."
The Hyundai Group – Hyundai and Kia brands combined – fared worst among the majors, down 4.2% from a year earlier, to an average $22,418, and off 0.2% form July.
Auto researcher Kelley Blue Book says the estimated average transaction price in the U.S. is up nearly 1% from this time last year.
It says the average is even higher than TrueCar's number: $31,657. Kelley data show, however, that is a drop of $138 from last month, though up $221 from a year ago.
Kelley data show that Chrysler and Honda show the greatest year-over-year strength, while Volkswagen dropped more than 7% since August 2012 on its aging lineup.
LAPHIL
My opinion hasn't really changed Jay, I was just commenting on what nearly half the people who have voted on this poll think ... that is, Retro values will be lower in ten years than they are now. And my comment about the stock market was just a response to Harry's comment that he thinks the stock market will return (or has returned) 60% or more in ten years.
I'm still kind of surprised that for people who say they don't care what these cars are worth in the future, they sure do spend a lot of time talking about it.
My opinion hasn't really changed Jay, I was just commenting on what nearly half the people who have voted on this poll think ... that is, Retro values will be lower in ten years than they are now. And my comment about the stock market was just a response to Harry's comment that he thinks the stock market will return (or has returned) 60% or more in ten years.
I'm still kind of surprised that for people who say they don't care what these cars are worth in the future, they sure do spend a lot of time talking about it.
We spend a lot of time talking about the worth of our cars? Can you find a discussion about it that you didn't initiate?
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