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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 6 comments | | HN request time: 0.336s | source | bottom
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paxys ◴[] No.44416339[source]
One fact not mentioned in the article - Americans now owe $1.64 trillion in auto loans, and cars make up 9% of all consumer debt in the country. In fact we now owe more on cars than student loans. The average loan term is rising - almost 6 years now. 60-day delinquency on auto loans is at 6.6%, the highest ever recorded, and is as high as 9% in some states.

So while car prices keep going up, people also keep going deeper into debt to buy one they can't afford.

You can blame manufacturers or banks, but ultimately the problem is unchecked consumerism and treating cars as a status symbol, which is sadly pervasive in this country.

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1. nradov ◴[] No.44418919[source]
Sure, status is a factor. But for people who do a lot of driving, having a nice car really benefits their quality of life. No one wants to spend hours every day in a miserable little penalty box.
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2. neogodless ◴[] No.44418963[source]
This is very subjective. The cars people today call a "little penalty box" are easily equivalent or better to many of the luxury cars of the 1990s. Bluetooth, AC, ABS, backup camera. There's almost nothing that isn't required / standard. Plus they tend to be the efficient 35+ mpg cars.
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3. BLKNSLVR ◴[] No.44418982[source]
I disagree relatively wholeheartedly. Beyond some absolute basic comforts (that I would argue have been well catered to in the last 25-odd years), it's mindset. Unfortunately mindset has a fair percentage of 'status' wrapped up in it.
4. rpcope1 ◴[] No.44419920[source]
Price of vehicle seems to have little bearing on the comfort of driving anymore, other than if you're tall and being shoved into something small like a Yaris (although at 6'4" my Saturn S-series wasn't bad at all). Cars seem to keep getting more aggravating to sit in, not less, and doubly so for "premium" stuff people like to buy. Manufacturers keep jamming what feel like racing seats into everything (everything has to have "racing" parts) and other things that make no sense at all for the task at hand, like enormous wheels with rubber band tires. It was way easier and more comfortable to log huge miles on older stuff like 90s and early 00's Chevy trucks (even the S10s) or a regular old Impala or Saturn as they were way, way more comfortable and not a persistent bloated irritation to drive.

Cars must be the textbook case of Stockholm syndrome. People keep buying Audi/BMW/Mercedes and European cars in general for god knows what reason (even though when they inevitably need service, it is always an expensive nightmare, among other big problems), they buy stuff that is functionally useless and stupid looking like CUVs (many of which which have less interior room than a Camry, burn more fuel and still ride and drive like ass), and have caused the market for full size body on frame trucks to turn completely on its head (hard to find anything other than pavement queen king ranch doodoo trucks that will cost you at least your first born son). This whole "it's shit if I don't pay a huge premium, and it's shit if it's not huge and loaded to the gills with useless shit you're never actually going to miss or use but will cost a small country's GDP to even flash to pair up when you need to R&R" is something that's probably one of life's great mysteries to me.

5. aembleton ◴[] No.44421365[source]
Plenty of tech, but are the seats as comfortable?
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6. neogodless ◴[] No.44422601{3}[source]
Again subjective, and varies by model.

I can't speak for every car. I test drove a Civic and did not find it comfortable (way back in ~2007) and that was mostly due to my own dimensions, but I found the 2007/2008 Honda Fit seats great, as well as the 2014 Mazda 3 I had owned.

As comfortable as an $80K car? In some cases, no, but often more comfortable than the luxury cars of a few decades ago. Hardly a penalty box!