Ulterior Motives – Ford Offers Cash for Clunkers Program in U.K…

An interesting press release from Ford Motor Co. operations in the U.K. as they announce financial incentives (additional $2,500) to trade in old vehicles for newer “cleaner” emission vehicles in the U.K.

(Via Fox Business) Ford (F) is offering car buyers in Britain a 2,000-pound ($2,570) incentive to trade in older vehicles for newer, less polluting models.

The offer announced Tuesday is available to new car buyers who trade in vehicles registered before Dec. 31, 2009. The cars will then be taken off the road and scrapped. (read more)

Pay attention to these types of stories within the auto sector.  Watch for these types of “incentives” to cross the Atlantic.  The incentives described here are wrapped around a point of cleaner emissions, ie. “climate friendly” etc.  However, as we have shared the financial branch of the auto sector is in trouble; these incentives appear to be a marketing ploy.

The auto sector, in this example Ford Motor Credit, need to keep turning out new financial products (leases and loans) to cover the deficits of previously issued financial products and the financial gaps within soon to be received via massive lease returns.

There’s an influx of over-leased vehicles coming into the secondary market.  Each of those vehicles returns with a residual financial loss attached (lower value than anticipated).  If the underwriting auto financial system doesn’t quickly turn up additional capital they will not be able to offset the looming losses.

It will be interesting to watch it play out.  The auto-finance system is trying to keep the finance bubble inflated.  Unfortunately the economic odds are not favorable toward their goals.

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123 Responses to Ulterior Motives – Ford Offers Cash for Clunkers Program in U.K…

  1. Sandra-VA says:

    They already did that here. It caused less qtys of cheap used cars to be available for sale…

    Liked by 17 people

    • That’s right. However, there might be a really good side to the outcome of this imbecilic financial practice: One could probably get a nice $50K to $65K dollar car for about HALF of what they would normally pay in the coming 18 to 24 months.

      Liked by 10 people

    • Garrison Hall says:

      Of course that’s the point, isn’t it. There are two “wins” here, each not so much as the symbolism might imply. For anyone who has, of necessity or simple choice, sought one out, the cheap but reliable “clunkers” that can sometimes be bought for a few hundred (if you’re lucky and know what to look for—hint: old pickups and American econoboxes) or a few thousand bucks, is a true icon of the industrial age. A good, old car that you have almost no money in will still with minimal cost and effort transport you anywhere you want to go whenever you decide to do so. You don’t need the state’s permission (i.e., a bus schedule) to go—you just get in and go.

      This is of course anathema to environmentalists and progressives who would be happy to get everyone except possibly themselves out of cars. Keeping them out of the hands of poor people is just a good and safe start. There aren’t many defenders of old clunkers and those who might just don’t matter much. The car companies, as Sundance says, have their own more practical interests. They’ve figured that the buy-back price being offered is actually cheaper than the loss in net sales to people who insist on holding on to their old cars.

      Buying a “cleaner” car is a great although largely symbolic ploy. Cars are already remarkably clean. Besides, a self-driving car (with the state’s permission of course) is the coming thing so who needs private cars anyway—except, of course, those affluent people in government and the important professions who have all that important stuff to get done and just can’t afford to have to wait. The future’s so bright I gotta’ wear shades.

      Liked by 14 people

      • Sylvia Avery says:

        Now I’m depressed. I’ve been thinking that myself, but telling myself I’m just looking on the dark side and it isn’t really true. Then you come along and lay it all out there. Maybe I’m not so crazy. I really wish I were. I don’t like where this is going. Any of it.

        And what could possibly go wrong with Sky Net driving my car and knowing everywhere I go, and at what time? I just look forward to being able to poke at my Smart Phone instead of tediously driving my car. What could be better?

        Liked by 16 people

        • drillerelite says:

          Ha! Really, that’ll be fun. Welcome to the Brave New World

          Liked by 3 people

        • boogywstew says:

          It’s a safe bet there won’t be any self driving cars with a stick shift and probably no convertibles or motorcycles. I need to find an alternative universe to habitate.

          Liked by 11 people

          • boogywstew says:

            … and I’ll live there too!

            Liked by 4 people

          • scott467 says:

            “It’s a safe bet there won’t be any self driving cars with a stick shift and probably no convertibles or motorcycles.”

            ____________________

            They can never make you use a driver-less car; as long as there are roadways, you have a Right to travel by whatever mode is common, and cars remain common, driver-less or not.

            In some ways, driver-less cars might be good, since many drivers are terrible and should never get behind the wheel the first place. Let them be passengers in robot cars, and those who enjoy driving can maneuver around them like pylons.

            But your Boogie with Stew (Led Zeppelin song) reminded me of Rush. I’ll be driving a stick-shift Red Barchetta (not really a Barchetta, a red or blue 1967 Corvette, 327/350, Muncie 4-speed, more likely) even if we get to the point of alloy air cars 🙂

            My uncle has a country place, that no-one knows about
            He says it used to be a farm, before the Motor Law
            Now on Sundays I elude the ‘Eyes’, and hop the Turbine Freight
            To far outside the Wire, where my white-haired uncle waits

            Jump to the ground
            As the Turbo slows to cross the borderline
            Run like the wind
            As excitement shivers up and down my spine
            Down in his barn
            My uncle preserved for me an old machine –
            For fifty-odd years
            To keep it as new has been his dearest dream

            I strip away the old debris, that hides a shining car
            A brilliant red Barchetta, from a better, vanished time
            Fire up the willing engine, responding with a roar!
            Tires spitting gravel, I commit my weekly crime…

            Wind in my hair –
            Shifting and drifting –
            Mechanical music
            Adrenalin surge –

            Well-weathered leather
            Hot metal and oil
            The scented country air
            Sunlight on chrome
            The blur of the landscape
            Every nerve aware

            Suddenly ahead of me, across the mountainside
            A gleaming alloy air-car shoots towards me, two lanes wide
            I spin around with shrieking tires, to run the deadly race
            Go screaming through the valley as another joins the chase

            Drive like the wind
            Straining the limits of machine and man
            Laughing out loud
            With fear and hope, I’ve got a desperate plan
            At the one-lane bridge
            I leave the giants stranded
            At the riverside
            Race back to the farm
            To dream with my uncle
            At the fireside…

            Liked by 1 person

          • auntiefran413 says:

            May I join you? I’d love to have a stick shift again…but just try to find a used one.

            Liked by 3 people

            • Jacqueline Taylor Robson says:

              I learned to shift gears on a big ‘ole station wagon, that had the gears on the column! My Mom said if I could drive it, I could drive anything. She was right. My fav ride was an old VW bug I had when I was 16. Just a few years ago, I had to rent a car, and they gave me a Cadillac that went both ways! I had never even imagined such a thing was possible. I used it in stick-shift mode, and WOW! Coolest 3 weeks of driving in this old ladies dotage!

              Like

        • Martin says:

          If that happens, you’ll be glad for the old, cheap “clunker,” when SkyNet hits you…

          Liked by 3 people

      • Rejuvenated says:

        I prefer cars that don’t track your every movement, can’t be remotely shut off or eavesdrop on your every conversation…

        Liked by 10 people

        • The Deplorable Tina says:

          Amen!

          Like

        • Texian says:

          Same here. I can’t believe how easy the public is snowed.. I need to invent something since they will buy anything.. how about electronic underwear – a sensor that will tell you when you need to pee, another sensor in the rear with a methane alarm.. by bluetooth it will set off the warning light on the optional eyeglasses.. (this idea is now copyrighted by the blog posting date..).

          Liked by 4 people

        • boogywstew says:

          Sounds like a “Dodge Ex” is your car!

          Like

    • skipper1961 says:

      Sandra,
      My family was in the automotive aftermarket industry for 5 decades. Cash for clunkers put scores and scores of hard working auto repair shops out of business, as well. It seemed a crime had been committed. It also created a house-style repossession market in full bloom.

      Liked by 15 people

      • Garrison Hall says:

        Well, that’s another equally insidious aspect of getting old cars off the road. For years manufacturers have want to get rid of independent repair shops, forcing customers to bring all their repair work to “authorized” dealers (who may or may not actually know how to fix your car—trust me on this). Once again environmentalists are in favor of all this because it increases the options for state control—all in the name of “sustainability” of course.

        Liked by 6 people

    • WSB says:

      How many Brits own or lease cars? Maybe they should institute a Bitcoin for Bikes program…

      Liked by 1 person

    • Paul Revere says:

      Just drove by a ford dealership today in WI with a “junker” sticking out of a dumpster on the new car lot offering the very same deal. Been doing it for at least two years now.

      Liked by 1 person

    • ThingsWeTakeForGranted says:

      I have family in the auto wholesale business. This totally hurt all those America businesses and anyone buying used cars. This is BAD. We drive long distances to work. We buy used vehicles because of it. They are not available to us if the govt destroys them. Need I say more.

      Like

    • MadeMan says:

      Sorry wrong thread. Meant to post in the main forum of the day

      Liked by 4 people

      • fleporeblog says:

        So you don’t feel bad I got more great news!

        There is a price that will be paid by every single one of these deceitful POS when you decide to pick the side of the Establishment, CoC, Big Club and Globalist! 2018 will not only be a bloodbath for Democrats, it will be a bloodbath for the Establishment and Mitch the Bitch! You will never see these five ever again: Lucifer, Flake, Heller, Corker and Strange (actually feel sorry for this one because his one mistake was saying he wouldn’t vote to do away with the filibuster).

        The latest on Dean “I am 💀 ” Heller!

        http://www.breitbart.com/big-government/2017/08/25/eexclusive-nevada-senate-poll-shows-danny-tarkanian-takes-lead-over-dean-heller/amp/

        From the article linked above:

        Pro-Donald J. Trump GOP U.S. Senate challenger Danny Tarkanian has blown past incumbent Sen. Dean Heller (R-NV), an opponent of the president and much of his agenda, per a new poll out of the state of Nevada obtained exclusively by Breitbart News ahead of its public release.

        Tarkanian, per the new poll from JMC Analytics, is up at 39 percent in the new survey. His lead towers eight points over the incumbent Heller’s 31 percent, spelling certain trouble for Senate GOP establishment forces desperate to save Heller’s seat. A whopping 31 percent are undecided between Heller and Tarkanian. Even so, when given the choice of Heller versus not Tarkanian, a majority of Republicans in Nevada—51 percent—want someone other than Heller, 31 percent would renominate Heller, and 18 percent are undecided.

        The survey of 700 likely GOP voters in Nevada was conducted from Aug. 24 to Aug. 25 and has a margin of error of 3.7 percent with a 95 percent confidence interval.

        Heller’s approval rating is underwater, down to just 34 percent of Nevada Republicans approving of his job performance, while 48 percent disapprove. Sixteen percent have no opinion and two percent have not heard of Heller.

        Tarkanian’s numbers are exactly the opposite, as he has high approval ratings among those who know him. A significant 42 percent approve of Tarkanian, while 23 percent disapprove, 30 percent have no opinion, and five percent have never heard of him.

        President Donald Trump’s approval ratings are sky-high among Nevada Republicans, with 80 percent approving of the president’s job—and only 14 percent disapproving, while six percent have no opinion.

        Liked by 13 people

        • Founding Fathers Fan says:

          You are assuming that people will actually turn out to vote against the incumbent RINO in the primary and there won’t be a dozen ‘splitters’ in the race. Ryan ran against a conservative, twice, and still won the primary. There was less than 19% voter turnout the first time and less than 15% voter turnout the second time. McConnell ran against a conservative in the primary and there was only 20% voter turnout. Graham had only 14% voter turnout in his primary. There are only about 33 of 435 Representatives and about 5 of 100 Senators who are not RINOs. Voter turnout in republican primaries is about an average of 17%, but 96% of incumbents win their primaries.

          Liked by 4 people

        • drillerelite says:

          And the movement grows

          Liked by 4 people

        • melski says:

          Flep, Do you think this is enough to get the attention of the establishment critters or do we need to add more names to that list of throw-aways?

          Liked by 1 person

    • linda4298 says:

      don’t put too much faith in polls, remember 2016′

      Liked by 1 person

  2. fleporeblog says:

    This also flies in the face of Germany 🇩🇪 and their “Diesel is Wonderful” pitch! Love to see these bastards eat each other. Germany 🇩🇪 will not be happy with what Ford is pushing in the U.K. Angela will be besides herself. Germany’s 🇩🇪 Economy is dependent on auto exports.

    Liked by 5 people

  3. MICHAEL DO says:

    Actually it is kind of smart for Ford to do this instead of offering $2750 straight rebate. The bottom line is the same for Ford and the effect is less used cars in market that would hold their off-lease cars higher values.

    Liked by 13 people

  4. kinthenorthwest says:

    Since America did this crap, its harder for people to take care of their own cars…

    Liked by 8 people

  5. sundance says:

    Liked by 7 people

    • 4sure says:

      Well, just wait ’til all those repos start hitting the used car mkt. Me thinks used cars are going to be dirt cheap. Those $2750 clunkers are usually a pile of junk. So, they are no threat to the used car market.

      Liked by 2 people

      • Katherine McCoun says:

        not true. you hit a basement below which a car price won’t fall if it is in good condition and runs. a 250K, 1985 4×4 truck that runs well will still cost at $3-5K because it is solid, despite body and extras not working (like ac). Doesn’t continue to loose value just because of yrs. Same with cars that have received proper maintenance. We just bought a used car Sat/yesterday. The market is Much different than it was the last time we looked for a used car in the early 2000s.

        Liked by 1 person

    • fleporeblog says:

      They are also begging lease owners to give up their leased car for a newer model after the second year of a theee year lease. They realize that they can flip the car on the pre used market for a better price than waiting for the lease to expire after three years.

      Liked by 2 people

      • Wend says:

        Leasing was beneficial for some back in the day, but it looks like the bad paper chickens in this mess are coming to roost like they did in the subprime disaster.

        We have two cars (both pink-slipped) for three of us here. Two retirees and one works at home, so easy. I would rather keep our 10 year old car going for a while then get anything new. These computers on wheels terrify me.

        Liked by 3 people

  6. Dan Patterson says:

    Well we ARE losing $750 smackers on each AND every car we sell.
    BUT: We plan to make up the difference with VOLUME, see?

    Liked by 12 people

  7. Huh . . . go figure.

    Liked by 3 people

  8. fleporeblog says:

    When 30% of millennials still live at home 🏡 with their moms and dads because they have so much debt from college and not a great job, they aren’t going to be buying cars 🚗. They will be driving bikes 🚴. It is amazing walking through Manhattan seeing the amount of bikes 🚴 being ridden. They have carved off some of the streets for bike lanes only.

    Everything in life has a cause and an effect! Sorry Ford and the rest of the car companies, this is the drawback from college debt!

    Liked by 6 people

    • Your Tour Guide says:

      The last ten years increase in gas prices. Paid off a home improvement
      loan, was looking forward to having the extra $200 monthly for save or
      spend. Then gas hit $3 a gallon. Never saw that extra $200.
      The extra 2-3 hundred a month that gas was costing was
      approximately what the note was for a lower line starter car.
      Bye, bye, GM. So long Chrysler.
      How many persons here haven’t bought a brand new car
      in forever? My last one was in 1996. Had bought 4 new cars
      from the time I was 25 until I reached 40. None since.

      Liked by 9 people

      • The Deplorable Tina says:

        I bought my car new in 2003. Its a Honda hybrid (stick shift) and this year is the first in 14 years that I had to do a smog check. Thanks, Jerry Brown! Finally have a light at the end of the tunnel for getting out of the hellhole that California has become and moving to the backwoods of Northern Maine. Gonna have to get a 4WD pickup, good to know the prices will be low soon!

        Liked by 1 person

      • Texian says:

        Never have.. ever.. I prefer cars that go up in value.. Cars are not appliances, they are business suits..

        Liked by 2 people

      • auntiefran413 says:

        Our last new car was a ’62 Chevy II. I don’t remember any more — that was a long time ago — why we bought a new one then. My husband was a firm believer in the let- the- other-guy-take-the-depreciation-beating school.

        I had never bought a car until after he died in ’92 — a terrifying experience. Our boys said “Sell both cars, Mom; get a new one and take care of it.” I did. It was a new ’93 Honda Accord. I drove that almost 200,000 miles with the original brakes and clutch. (Do I know how to drive a stick shift or what?)

        Then I went back to his used-car philosophy and bought a 2003 Chrysler Concorde in 2005. When it had almost 200,000 miles on it, my mechanic of 35 years asked how long I planned to drive it. “Until it won’t go any more.” Then he handed me an $800 estimate. The next day I bought a ’92 Ford Focus in ’92 (after we tore up the estimate and he had inspected the Ford), concerned about going from that monster car to this little one that serves me well — both in town and on the road.i

        No auto manufacturer or financial arm really cares about me 🙂

        Like

      • ahem says:

        Does anyone remember when GM refused to honor a claim because it no longer considered itself to be the same company as before? This was after Obama bailed it out. I have no idea what happened after that; I do remember being incensed that the company had no sense of obligation or loyalty to the public.

        Bye, bye, GM is right.

        Liked by 1 person

  9. I may have misunderstood the original Cash for Clunkers program under the last administration. But I am usually all for a company doing whatever they feel is necessary (within the confines of ethics) to meet goals so long as tax money isn’t financing the incentives. I thought taxpayers were funding what happened in the US between 08 and 12 Cash for Clunkers.

    I’m not knocking the blog post. It’s spot on with message outlook and is informative. I’m just making sure I understand all of it.

    Liked by 4 people

    • George True says:

      The problem with the cash for clunkers program (besides the fact they used taxpayer money) is that they DESTROYED all the used cars that were turned in. That caused a spike in the price of used cars, effectively putting prices out of reach for a lot of people for some time afterwards.

      A longtime friend of mine traded in his older Lexus LS460 on the cash for clunkers program, using the proceeds to significantly offset the cost of the new Prius he was replacing it with. I would have loved to have bought his Lexus, as it was in excellent shape. But the cash offset he got was a lot more than he could have sold it for. So instead of going to me, this fine car went to the crusher.

      Liked by 5 people

      • That is exactly the kind of response I was wondering about. Thank you. I’ll tell you why and it’s tin foil hat stuff so I apologize in advance. Destroying cars is not normal practice either way.

        Rockefeller as far as I know was rumored to be one of the founders of the Builderberg group. The Builderberg group is real but they were allegedly involved in funding the country out of the Great Depression. He and several others apparently funded the bonds for the New Deal. In return for his contributions he was allegedly granted ownership of every trolley in major cities. Each member apparently got some ridiculous request granted. If what I read was true about this he not only decommissioned each trolley but he had each one pulverized and then put through a shredder so they would never be put in use again. I have no clue if this theory was true and I can’t knock the man for the method of it was true. But it’s out of my league to determine if such a thing is ethical. If it even is true. But Cash for Clunkers seems to fit the same logic.

        Like

        • Your Tour Guide says:

          This is what “Who Framed Roger Rabbit” was written about.
          In 1947 Ford, GM, Firestone, Goodyear basically shut down
          all the street car and trolley public transportation services in
          the U.S.
          A handful of towns still had trolley buses with overhead wires.
          Dayton was one, I believe Pittsburgh was another. Dayton redid
          their trolley car bodies a number of years ago. All of the running
          gear they put in them dated back to pre 1947.

          Liked by 1 person

        • Emmet Dene says:

          since they were mostly wood they were burned. sad.

          Like

      • Texian says:

        It also destroyed the used parts market.. now the consumer is forced to buy cheap china copy made parts that don’t last and you need to constantly replace every year or so.. Eventually the consumer calls the car a piece of junk and buys what – a new one..

        The original clunker program pretty much eliminated the last of the quality American made parts.. I know of salvage yards that crushed everything they had during that program. Your only choice now is cheap china made parts.. international corporate monopoly on late model auto parts..

        Liked by 1 person

        • Bee says:

          Toyota and Kia/Hyundai are making their mark using American parts. They have plants in several states and plan to build more. Asian companies appreciate the American spirit more than “American” companies.

          Like

    • H.R. says:

      I’m recalling the same thing. The auto industry was stalled, so the taxpayers wound up giving the cash that was paid for clunkers and the auto industry sold more new cars.

      The excuse, IIRC, was to ‘save the planet’ by getting rid of the blue smokers.

      Liked by 2 people

      • Texian says:

        And the ‘save the planet’ people lauded it.. liberals are so easy – the corporatists use them over and over.. Now they have use-once-disposable-cars polluting the earth. They use ‘safety’ as an excuse too – cars made to crumple in an accident. Anything over a fender bender “totals” a car – and then you have to do what – buy a new crumple car..

        Like

  10. Big Jake says:

    Planned obsolescence through sensors and integrated touchscreens. No thanks. My 1992 Buick Regal with 420K is going strong and has a fraction of the gadgetry needed to run smoothly. I’m keeping it.

    Liked by 19 people

    • free73735 says:

      I still drive my 1994 Pontiac Grand Prix(6cylinder). It actually gets better mileage than many of my friends, who did the “cash for clunkers.” Takes minimal maintenance. The only negative was the state added a fee for tabs because it was older. However, even with the fee, so far, I am spending way less on automobile expenses than some others. I do realize, eventually I will have to get a newer one.

      Liked by 2 people

    • Linda says:

      My 1998 Toyota Forerunner is still running great and I feel much more safe in it than one of the newer tin cans. I’ll keep it, thank you very much!

      Liked by 4 people

    • boogywstew says:

      My 1990 VW Cabriolet (convertible), 145K, doesn’t have to pass emissions tests due to it’s age … has NO “Engine Service Light” and when the sealed beam headlights burn out you get a whole new headlight with a new GLASS lens!!! No more scratched plexiglass. My work van is a 2004 Ford E350 Supervan with the Navistar diesel engine and the GVW is heavy enough that I don’t have to pass emissions either and there’s also NO “Engine Service Light” and real sealed beam headlights … no scratched 10 year+ old plexiglass lens covers. I live in NY State and it pays to know the law and be able to do most repairs yourself.

      Liked by 2 people

    • allhail2 says:

      Right there with ya. 450,000 on my 01 Ford Excursion 7.3 4×4. If the motor goes, it costs way less for me to a new crate motor in than buy a 75,000 newer truck

      Liked by 2 people

  11. cup of joe says:

    Obama did this so there is probably something wrong with it. It hurts the little guy who buys lower priced vehicles. There will be fewer used vehicles in the market place driving prices up to some extent and fewer vehicle in the junk yard from which to get usable parts off of to fix vehicles up. It also just smells fishy, messing with the supply and demand system.

    Liked by 5 people

    • No kidding, My :old” Nissian 240sx, (automatic) was, one of “those” models in the CFC program..
      I did NOT want to part with THAt car, I loved it!, though in 2014~2015 Parts, New OR used were getting extremely hard & difficult to find ANYWHERE..
      I had to “breakdown” and get a (70 month) loan for a 2015 Mitsubishi Mirage.. (I’m 1/2 way paid off)..
      ONLY 20K on the ODO thus far..
      Love the lil car great on gas.. (50MPG w/non-ethanol)..
      I’m going to drive this lil one till the wheels fall off..

      Liked by 3 people

  12. Stoobie says:

    Yeah… I won’t be giving up my ’89 Jeep YJ anytime soon…
    Many years ago, I had one car repo’d. Ever since then, I refuse to own a car that I don’t have a free and clear title to. It may be a pile of junk, but it’s MY pile of junk.

    Liked by 10 people

    • joshua says:

      love my 89 Wrangler Laredo with hardtop…terrible mileage, but a solid little brick. have 40,000 miles on it….people ALL want to buy it from me…no dice…

      Liked by 1 person

  13. MIKE says:

    A more important topic concerning automobile and truck economics is how much money has been stolen from every owner, by diluting, fluffing, intentionally contaminating the fuels used to run the cars. Corn squeezins have deprived every owner of mega dollars due to reduced mpg and rotting your engine innards because of hydroscopic traits.
    The only difference between a car/truck labeled “flex fuel” is that vehicle has a fuel system (injectors and rails) comprised of greater rust and rot resistant alloys. That’s it. Biggest transportation scam in US history.
    Similar with diesel. So many additives/blends, that now the #1 diesel fuel problem is, get this, ALGAL GROWTH within the fuels and their containers. One last thing; if reducing harmful emissions of internal combustion engines was a real goal, they would have outlawed Diesel engines a long time ago. And I have nothing, at all, against diesels. They haul a ton of goods by comparison, lessening our costs of widgets and food.

    Liked by 1 person

    • MNCarryPermitHolder says:

      Just FYI, there is slightly more to flex fuel than that. There is almost always a sensor to detect the fuel composition, and the computer adjusts several things based on the reading. See here for more information (from a DIY-engine controller project).

      The biggest problem that I have with the new “oxygenated” fuels is that they don’t survive storage any more. If you want to store gasoline for more than a few months, you need to find the novelty pump in your area and pay 20-40 cents per gallon more than premium gas. And even with storage chemicals, that is questionable.

      To me, that is the thing that makes The Walking Dead unbelievable. Not the zombies – the cars starting and running with 4 year old gas (and 4 year old batteries).

      Like

  14. One can only circumvent the laws of the Universe for so long. There are far too many car companies making far too many models of cars for all of them to be profitable, so governments (especially in Europe) subsidise these companies to keep them going. But eventually the money runs out.
    Then they try these ponzi schemes to keep going for just that little bit longer. The current CEOs CFOs and Boards benefit but they won’t be around when the proverbial hits the fan.
    Someone will get hurt eventually. Brands will disappear, assembly lines and factories will close.

    Liked by 1 person

  15. RedBallExpress says:

    I think Hurricane Harvey will junk more cars than Ford.

    Liked by 1 person

  16. litlbit2 says:

    Along with the over supply of cars coming to market making it a future buyers market. I was struck by the “cleaner pollution friendly models”. Most folks are aware of the EPA requirements for those models and some with no good mpg.

    My thought is why rush as President Trump is removing punishing EPA regulations. My thinking is that new gasoline/diesel fuel formulas plus removing the terrible engine requirements such as added injectors in the exhaust for cleaner exhaust(9 injectors instead of eight) will make for better engines and much better mpg.

    Conclusion, who would want the outdated EPA obama models when industry starts producing the new President Trump EPA models?

    Liked by 2 people

  17. Brant says:

    I have a 1989 gmc Sierra (full bed to carry plywood flat), 1997 CRV, and 2001 Nissan maxima. All three (I think maxima) are pre “they know where you are at any given time” cars. I want to keep them as long as I can. Can you disable the techno stuff in new cars?

    Liked by 3 people

  18. If you buy used in the future be sure to check if it was in Texas in 2017. Flood damaged vehicles are a repair nightmare. Ask anyone who got a used car that was in the gulf states during Katrina.

    Liked by 2 people

    • auntiefran413 says:

      My son-in-law bought an Oldsmobile Bravada — got a great price — in excellent condition. First it was one little problem, then another. When their mechanic had to remove something (I’m no mechanic) from the rear end, he found sand! It seems the car had been through the hurricane that hit Florida. It continued to have problems until he finally traded it in on another car.

      Like

  19. Dixie says:

    So, taking all this into consideration, how long before the pendulum swings back the other way and old used cars become valuable again? How long do we need to hang onto them? Or are the classic cars the only ones worth saving?

    Like

    • Texian says:

      American classics always will be.. classics. I’ve studied the trends in this market extensively. If you are looking for a future classic, here are a few of my picks.. (I’m not going to give up all of my special ones though). One overall important rule – get one that is factory original as possible.

      1997 Pontiac “Comp T/A” is a rare one.

      The Pontiac Aztek.. (and try to get one with the camping tent option, super rare). Not a big money maker but nobody likes these, most will be crushed.. A funky car that will suddenly become rare and have a small but loyal following. This is a wild card car though as far as investment. It won’t make you rich.

      1993-96 Nissan 300ZX convertible. (One of my hot picks and favorite commuter cars. Get a ’96 if you can. These cars will triple in value in the next ten years or so).

      2002-05 Ford Thunderbird (Not a big money maker but a value holder. Look for a nice non-abused special edition Thunderbird. The “Pacific Coast” edition is a favorite of mine).

      There are more.. but this is a cross cut example.. muscle,funky,sports.. Specialty trucks will be surefire collectibles..

      Liked by 2 people

  20. woodstuff says:

    I have owned numerous newer pickups. Never would I trade my ’87 F250 for any of them.

    Liked by 2 people

  21. A2 says:

    I think Ford is in deep trouble so are looking to these stats to offset their clunker carryon costs in the US.

    “It can be seen that the number of cars in the UK was still growing and that there was a large market, however, the average age of cars in the UK was also increasing which means that less people were buying new cars. This trend is very likely to continue for the next year but will probably start to change after that. Under this assumption and expecting the rise of new cars on the road to continue, the average age of cars on the road in the UK should start to reduce and the proportion of new cars on the road will gradually rise as a result. The number of cars on the road in the UK increased by approximately 3.3 percent from 2009 to 2014 and is projected to increase by another two percent from 2014 to 2016. Overall this would amount to an increase of nearly 1.4 million cars from 2009 to 2016.”
    https://www.statista.com/statistics/299972/average-age-of-cars-on-the-road-in-the-united-kingdom/

    Picking up pennies before the steamroller.

    (remember the UK is about the size of Alabama and an island)

    Like

  22. DebbieUK says:

    The sale of new cars in UK has dropped significantly but production has risen ,i got this from a BBC segment recently and i dont know how accurate it is because they link everything negative to Brexit.
    Eighty percent or more of new cars have been on credit finance so there is a credit bubble and it looks like the population is trying to take on less credit.
    Our problem is you can no longer purchase an older car for cash and do it up outside your house like in the old days ,there are too many regulations.
    When I was younger ,me and hubby had several old cars and as long as they were road worthy we could use hem .Now they are taxed and regulated off the road.
    There is a bug push in this country ,to get people on bikes. Like in Holland !
    If the Greens had their way we would be back in the Stone Age…….

    Liked by 3 people

  23. n1ghtcr4wler says:

    The old cars are shipped to Africa anyways and stupid Europeans buy the overpriced new cars. But the ecofriendly stats are fake. We know the software was manipulated. And the most ecofriendly would be to drive old cars till they collapse because producing new cars is more damaging to the environment (by the libtards standards)

    Like

  24. Jefff says:

    The solution is quite simple . Getting it past the UNIPARTY GATEKEEPERS of CONgress …not so much !!

    The solution is not more heavily regulated by government cars . The solution is AMERICAN MADE CARS with American steel and American workers . ( Germans pull out of Paris Climate accord with no more CASH FROM CLUNKERS …oops AMERICAN TAXPAYERS https://theconservativetreehouse.com/2017/08/20/the-bloom-is-off-the-ruse-germanys-angela-merkel-quietly-retreating-from-paris-climate-treaty/)

    With president Trump withdraw from the Paris Climate accord ( read redistribution of American wealth ) the advantage of German engineering is no longer a leverage for THEM !!

    Every environmental (EPA ) regulation , CAFE standard , OSHA , UNION costs , FOREIGN STEEL , etc are a COST passed on the the American consumer .

    NO OTHER COUNTRY can make cheap , safe , powerful and efficient vehicles better than America …if given the CHANCE AGAIN !!

    As the Trump administration works FEVERISHLY to get an alternative MAIN STREET CAPITAL MARKET up and running the GLOBALISTS have to stop his effort to jump start the HEART OF CAPITALISM .

    The BUBBLE is ” the monolithic and ruthless conspiracy ” needs to keep it’s CRACK HEADS addicted to THEIR CHEAP fiat currency . These HUMAN FARMERS need the HERD paying their monthly payments even if its a 7 YEAR CAR LOAN !!

    A 7 YEAR OUT THE DOOR LOAN that in 5 years the GLOBALIST BANKERS simply buy out and addict the ADDICTS to another even longer loan . As long as the monthly payment is affordable .

    Car Salesman …” How much can YOU afford monthly ? ”

    SANE American …” Forget that lets talk about my final offer ”

    NO NATION and no entity is buying the GLOBALIST worthless Treasury DEBT so they now turn to the HUMAN HERD with “incentives ” . Keep those bubbles inflated ! or else !

    Liked by 1 person

  25. Annie says:

    Sorry to be late to the party, but about when will these good deals start?

    Like

  26. JoAnn Leichliter says:

    The “cash for clunkers” program in the Ststes a number of years back hit the lower-income buyer really hard, as older, lower-priced vehicles became scarce. It left people who needed such transportation for work unable to afford it.

    Liked by 2 people

  27. kyasgrandma says:

    Finished autos are counted as “sold” by auto manufacturers when the completed car leaves the assembly line.
    Doesn’t matter if the car is shipped to a dealer – or if it is parked in a lot somewhere where it may -someday- be sent to a dealership.
    Auto manufacturers have finely honed the art of creative accounting – especially regarding their inventory levels.
    The self inflicted financial burden of their pension plans and their financing schemes drive those accounting lies.

    Like

  28. Paul Killinger says:

    Ford can go out of business tomorrow so far as I’m concerned.

    So long as they’re building cars in Mexico and selling them here, I wouldn’t be caught dead in one.

    Like

  29. Hurricane Harvey is going to save the auto makers. Almost everyone in Houston owns a car that is now flooded. Auto makers will be able to get rid of a million + cars in their inventory over the next few weeks.

    Like

  30. Kathy says:

    Setting economics aside for a moment, consider the tin foil hat stuff. Remember what the Wikileaks Vault release revealed about car-hacking research? Would any of the features already developed (below) make a car MORE susceptible to hacking? Might vehicles manufactured prior to 2009 be less susceptible, and might there an effort to remove them from circulation?
    … Remote door locks
    … Remote start with climate controls
    … Car finders
    … Alarm notification
    … Curfew alert
    … Speed alert
    … Stolen vehicle slowdown
    … Stolen vehicle immobilization

    How Likely Are Remote Car Hacks? Car Makers Respond http://www.tomshardware.com/news/how-likely-remote-car-hacks,33926.html

    Right around the corner … Teleoperation (remote operation of autonomous vehicles) https://www.wired.com/2017/01/nissans-self-driving-teleoperation/

    Liked by 1 person

  31. TPR says:

    I am wondering if the other focus of automakers is on flooding the market with computer reliant cars. If they can get the market filled with cars reliant on computers, then they ensure for themselves the kind of industry-forced-repeat-business that Apple has mastered…

    If the great majority of cars become dependent on computers, then they’re also dependent on perpetual software updates that require customers to buy newer and newer software to simply use their current car.

    Think about what kind of racket Apple created with the iPhone. We got to the point were phones could be invented that could last people a lifetime. But that would mean less and less new purchases. The iPhone now requires continuous updates to simply keep the phone working. Go without an update for too long and you set yourself up to get a virus or simply a phone that runs so slow it hardly even functions anymore. And then at some point, the iPhone model you have will be so out of date that you won’t be able to download any new apps or programs because they won’t be compatible with the older software, so you feel compelled to buy the newest model.

    Imagine if this happens with cars. I know many people like having new cars, but I would prefer to buy a new car only once every 20 years. My current car is a 97 Camry and it runs just fine. I don’t see how a car that relies on a computer would last 20 years without significant necessary upgrades.

    I may be overthinking and overly concerned. But maybe not. After all, it happened with cell phones.

    Like

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