Why young Americans are not buying cars

Why young Americans are not buying cars

There are 21 comments on the money.cnn.com story from Sep 19, 2012, titled Why young Americans are not buying cars. In it, money.cnn.com reports that:

The share of new cars purchased by those aged 18-34 dropped 30% in the last five years, according to the car shopping web site Edmunds.com. Some say the economy is mostly to blame -- that the young aren't buying because they've been particularly hard hit by the recession .

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lolol

Albuquerque, NM

#1 Sep 19, 2012
a decent new car will set you back 30k, about $400.00 a month in payments and $100 a month in comp. insurance. lower income used cars availability was reduced with the cash-for-clunkers program and financing is harder to get than ever. The gov push for their chevy volt with even the rebate keeping the price over 30k. And the gov scratches their head wondering why the market is stagnant ? I have a 10 and 12 yr old car that i'll drive till they fall apart, obamas new fuel regs will drive the next model years cars up another 3k. All I can think is bams wants everyone in the ghetto wonderland cities riding bikes and taking a bus and depending on gov to transport you.
Sheik Yerbouti

Richmond, IN

#2 Sep 19, 2012
They can't find decent jobs because vulture capitalists like mittwit shipped living wage jobs overseas.
xnutmegger

Phoenix, AZ

#3 Sep 19, 2012
Uncertainty over future employment chances.
excartpuller

Minneapolis, MN

#4 Sep 19, 2012
Monthly payments depeciations insurances mainternances and job sucks no security. I for one woulde like to have only 1 car for my wife and I someday. Enough said.
excartpuller

Minneapolis, MN

#5 Sep 19, 2012
At least the ultra rich have dozens of exotic very luxurious and very expensive collections of car toys to add to their yacht mansions private planes etc. The system is beginning to hit brick walls however.

Since: May 11

Location hidden

#6 Sep 19, 2012
lolol wrote:
a decent new car will set you back 30k, about $400.00 a month in payments and $100 a month in comp. insurance. lower income used cars availability was reduced with the cash-for-clunkers program and financing is harder to get than ever. The gov push for their chevy volt with even the rebate keeping the price over 30k. And the gov scratches their head wondering why the market is stagnant ? I have a 10 and 12 yr old car that i'll drive till they fall apart, obamas new fuel regs will drive the next model years cars up another 3k. All I can think is bams wants everyone in the ghetto wonderland cities riding bikes and taking a bus and depending on gov to transport you.
Even older people can't afford a car. Trust me, I know. But I'm not blaming "bams". I'm blaming greedy car companies and banks. Makes a lot more sense.

Since: May 11

Location hidden

#7 Sep 19, 2012
excartpuller wrote:
At least the ultra rich have dozens of exotic very luxurious and very expensive collections of car toys to add to their yacht mansions private planes etc. The system is beginning to hit brick walls however.
They even have elevators for their cars at home.
Go Blue

Miami, FL

#8 Sep 19, 2012
SOMEBODY'S BUYING A SHITL*AD OF CARS AND TRUCKS.....Automakers are currently and consistantly recording huge sales numbers.....
excartpuller

Minneapolis, MN

#9 Sep 19, 2012
PayThat CEO wrote:
<quoted text>
They even have elevators for their cars at home.
I can imagine some of them do that but lots of them have a warehouse size garage to store their car treasures. Pay the ceo big salaries initial stock holding stock options bonus perks and more stock options never happened before when the income gaps were better than now.
excartpuller

Minneapolis, MN

#10 Sep 19, 2012
Go Blue wrote:
SOMEBODY'S BUYING A SHITL*AD OF CARS AND TRUCKS.....Automakers are currently and consistantly recording huge sales numbers.....
Maybe in floridaq but I don't see that many new rigs anymore like the past 5 years.
BO Non stop Media Farting

Montréal, Canada

#11 Sep 19, 2012
Predictably under the Barack totalitarianism regime, choices begin to reduce especially for those who are easiest to control.

Perhaps Sidwell Friends School, which costs $35,000 a year per pupil, manages to produce food on an elevated budget which could on some planet be called "exciting."

But for the children of the 99 percenters, non-repulsive is about as good as school cafeterias get. The first lady also spoke of another year of "learning, discovery, hard work and fun."

"And today I want to tell you about some exciting changes that you'll be seeing in your school cafeterias," she said. "Starting this year, the talented people who cook the food at your school will be offering all kinds of healthy, delicious new choices. Foods that are good for you and that taste good, too." (Blatant propaganda because the kids boycotted her menu, no new choices really)

BUT now that school has actually started, the unreality of these statements is becoming obvious.

Following new federal guidelines,...for the first time, federal funds for school lunches mandate age-aligned calorie maximums. The adjustments are part of the Healthy, Hunger-Free Kids Act of 2010 touted by Michelle Obama and use the updated Dietary Guidelines for Americans from the U.S. Department of Agriculture.

The changes are hard to swallow for students like Blohm. On Monday, 70% of the 830 Mukwonago High students who normally buy lunch boycotted cafeteria food to protest what they see as an unfair "one size fits all thing." Middle schoolers in the district also boycotted their school lunches, with counts down nearly half Monday. They're not alone in their frustration; schools across the country are reporting students who are unhappy with the lunch offerings.

HOWEVER, Mrs. Obama is quite skilled at practicing do-as-I-say-not-as-I-do when it comes to eating. She has just revealed to Us magazine that:


The best thing about campaigning is meeting amazing and inspiring people. Another perk is getting to try specialties from around the country along the way. I've tried everything from local farmers' market produce in North Carolina to fried Twinkies in Iowa

With Barack, the 47% won't see a penny of the tax increase. Barack has to pay back his sponsors for lying and cheating his way back into the oval office. The 47% is just a group he uses. He doesn't plan to thank them in any way, except throw them conveniently under the bus when it starts to cost him. The perfect example of his totalitarianism was shown at the DNC convention. His handlers pushed a delegate off the stage when she protested to his over-ruling of a floor vote by 3 times. A show of things to come for Barack's idiot followers. STAY HOME. DON'T VOTE FOR EVIL OR KARMA WILL COME FOR YOU.
Go Blue

Miami, FL

#13 Sep 19, 2012
excartpuller wrote:
<quoted text> Maybe in floridaq but I don't see that many new rigs anymore like the past 5 years.
Google...NADA...National Automobile Dealers Association..the source for national sales numbers and which makes sell the most....i know, because i follow the business section, loyally.....
excartpuller

Minneapolis, MN

#14 Sep 19, 2012
Go Blue wrote:
<quoted text>Google...NADA...Nation al Automobile Dealers Association..the source for national sales numbers and which makes sell the most....i know, because i follow the business section, loyally.....
The car productions far outpaces the human productions so it's going to reach the capacity to consume all what the producers produce sooner or later that will happen. Then what?
Les Claypool

Denver, CO

#15 Sep 19, 2012
Young Americans? I didn't buy my first NEW car until I was 38.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#16 Sep 19, 2012
Because you can't buy a new car for under $20k? And a new truck will set you back $30k minimum.

Gee, I wonder why young people can't buy a new car.....

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#17 Sep 19, 2012
I bought my first AND last new car in 1990 for just $10k out the door. And that was a full size wagon (Subaru) with on-demand 4WD, air, power everything, cruise, etc, etc.

Prices have just gotten ridiculous. I only buy used cars with low mileage now. Let some other fool pay the $10k+ depreciation the second they drive it off the lot.
Go Blue

Miami, FL

#18 Sep 19, 2012
excartpuller wrote:
<quoted text> The car productions far outpaces the human productions so it's going to reach the capacity to consume all what the producers produce sooner or later that will happen. Then what?
So then, you would rather deflect the subject, than allow me to prove a point?
Go Blue

Miami, FL

#19 Sep 19, 2012
WeTheSheeple wrote:
Because you can't buy a new car for under $20k? And a new truck will set you back $30k minimum.
Gee, I wonder why young people can't buy a new car.....
Because 8 years of GW Bush, plus two wars on the taxpayer's credit card, helped ruin our economy?

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#20 Sep 19, 2012
Go Blue wrote:
<quoted text>Because 8 years of GW Bush, plus two wars on the taxpayer's credit card, helped ruin our economy?
Even if the economy was booming, how many 18-20 y/o can afford to spend $20k for a new car.

The prices are just ridiculous.
Go Blue

Miami, FL

#21 Sep 19, 2012
WeTheSheeple wrote:
<quoted text>
Even if the economy was booming, how many 18-20 y/o can afford to spend $20k for a new car.
The prices are just ridiculous.
Understood...but, the age range spoken of in the article, is 18-34.....

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