The Economy (2020/21)
- Thread starter rideit
- Start date
New Billionaires 2022: Rihanna, Peter Jackson And 234 Others Join The Ranks This Year
Despite a year of war, Covid-19 and sluggish markets, these lucky people recently joined the three-comma club.
www.forbes.com
Not Rich Enough: Here’s Who Fell Off Forbes’ 2022 Billionaires List
In the worst year for billionaire drop-offs since 2009, 329 fell from the ranks.
www.forbes.com
Found this on Reddit. Industry specific, and a bit wonky, but signals that not all is well.
www.freightwaves.com
Why I believe a freight recession is imminent
FreightWaves Founder and CEO Craig Fuller provides further analysis regarding the decline in the freight market.
www.freightwaves.com
I learned so much working for Transcore. Jubitz truck stop created the load board concept for exception freight. It became Dial A Truck where you called the truck stop to find an available truck for a load you needed hauled. Exception freight is a tiny (like 5%) of the total freight market, but when you hear large trucking organizations talk about signing up for load boards just to keep trucks full, that's a horrible sign.Found this on Reddit. Industry specific, and a bit wonky, but signals that not all is well.
Why I believe a freight recession is imminent
FreightWaves Founder and CEO Craig Fuller provides further analysis regarding the decline in the freight market.
Help wanted: Adjunct professor, must have doctorate. Salary: $0
A UCLA posting for an unpaid job has exposed it: Free labor is a fact of academic life. Here's why, and why so many put up with it.
www.seattletimes.com
U.S. companies posted record profits in 2021, jacking up prices as inflation surged
U.S. companies' pre-tax profits surged in 2021 to $2.81 trillion.
Modest-income buyers being priced out of new-vehicle market
DETROIT (AP) — Two years after the pandemic tore through the economy, America’s auto market looks something like this: Prices are drastically up. Supply is drastically down. And gasoline costs drastically more.
apnews.com
Median income people were never those buying new cars even before these times.Modest-income buyers being priced out of new-vehicle market
DETROIT (AP) — Two years after the pandemic tore through the economy, America’s auto market looks something like this: Prices are drastically up. Supply is drastically down. And gasoline costs drastically more.
who buys new cars - Gegu Mall
We have reviewed Who Buys New Cars on this page for your satisfaction. You can browse the page for best tips for buying a new car from a dealer. If you want the best how to buy a new car for the lowest price tips, then this post is most suited for you. We get
koboguide.com
"The average buyer of a new car, according to the National Automobile Dealers Association (NADA) in 2015, earned about $80,000 per year."
I liked how the article I posted used an example of a lady who switched from a Tacoma to a RAV4 saying it does everything she needs and "saves" $100 to $200 a month on gas. Another way to say that is that she had been wasting $100 to $200 a month for a few years.Median income people were never those buying new cars even before these times.
who buys new cars - Gegu Mall
We have reviewed Who Buys New Cars on this page for your satisfaction. You can browse the page for best tips for buying a new car from a dealer. If you want the best how to buy a new car for the lowest price tips, then this post is most suited for you. We get
"The average buyer of a new car, according to the National Automobile Dealers Association (NADA) in 2015, earned about $80,000 per year."
Other fun data regarding median buyer income and various vehicles. These are ones that I've looked up before:
1991 Toyota Land Cruiser: "today [in 1991], the median income of LC buyers is $90,000, far and away higher than that of any other Toyota vehicle's constituency, with the single exception of the new Lexus LS400."
2008 Toyota Land Cruiser, but referring to earlier 100 series Land Cruiser demographics: "Toyota says the average household income of a Land Cruiser buyer is about $225,000 and about half already own a Land Cruiser"
2008 Lexus LX 570, but referring to earlier 100 series Lexus LX 470 demographics akin to the above: "Owners of the previous model, the LX470, have a household income of about $340,000"
2014 interview regarding Mercedes E Class: "Compared to the E-Class sedan, which is about $200,000 median household income, the E-Class wagon is about $375,000. Some of these buyers grew up in an E-Class wagon and feel nostalgic. They value it for their children, wanting their kids to be in the same car that they were in."
E Class sedan buyers are up and coming wannabe execs. E Class wagon buyers are buying it for the nanny or the yacht captain's use.
1991 Toyota Land Cruiser: "today [in 1991], the median income of LC buyers is $90,000, far and away higher than that of any other Toyota vehicle's constituency, with the single exception of the new Lexus LS400."
2008 Toyota Land Cruiser, but referring to earlier 100 series Land Cruiser demographics: "Toyota says the average household income of a Land Cruiser buyer is about $225,000 and about half already own a Land Cruiser"
2008 Lexus LX 570, but referring to earlier 100 series Lexus LX 470 demographics akin to the above: "Owners of the previous model, the LX470, have a household income of about $340,000"
2014 interview regarding Mercedes E Class: "Compared to the E-Class sedan, which is about $200,000 median household income, the E-Class wagon is about $375,000. Some of these buyers grew up in an E-Class wagon and feel nostalgic. They value it for their children, wanting their kids to be in the same car that they were in."
E Class sedan buyers are up and coming wannabe execs. E Class wagon buyers are buying it for the nanny or the yacht captain's use.
And she also terminated her Tacoma lease early and wrapped it up in the new payment. :facepalm:
80k is about median income (60K last time I checked)Median income people were never those buying new cars even before these times.
who buys new cars - Gegu Mall
We have reviewed Who Buys New Cars on this page for your satisfaction. You can browse the page for best tips for buying a new car from a dealer. If you want the best how to buy a new car for the lowest price tips, then this post is most suited for you. We get
"The average buyer of a new car, according to the National Automobile Dealers Association (NADA) in 2015, earned about $80,000 per year."
The way they break down 50-100k as two different brackets is kind of dumb. If you combine those two they're comparable to the other brackets.
Regionally there's obvious huge variation but generally speaking it seems like calling 40-100k as middle income would be more accurate.
Pickup Truck Owner Demographics: F150, Silverado, Sierra, Ram, Tundra
Who buys pickup trucks? Learn about pickup truck owner demographics: age, household income, ethnicity. Free truck market research report.
hedgescompany.com
Perhaps $20k/year is negligible in your high rent part of the country, but it still counts here in Real America(tm).
@Toshi
give this a listen (if you haven't already).
give this a listen (if you haven't already).
In the 1890s, the Best-Selling Car Was … Electric - Freakonomics
In the 1890s, the Best-Selling Car Was … Electric - Freakonomics
freakonomics.com
you literally just cited the same number I was guessing at for median income.Pickup Truck Owner Demographics: F150, Silverado, Sierra, Ram, Tundra
Who buys pickup trucks? Learn about pickup truck owner demographics: age, household income, ethnicity. Free truck market research report.
Perhaps $20k/year is negligible in your high rent part of the country, but it still counts here in Real America(tm).
'tis true. And it is also true that they're not "about" the same.
When considered with regional variations I think they are. The same job in sacramento or denver pays more than the equivalent in arkansas in many cases.
If you truly want to capture what a nationwide bracket of 'median' is, you have to sweep a little wider because of this.
Someone making 80k in san francisco only has the same buying power as someone making 40k in daytona beach because of a lot other living expenses not directly related to a car purchase.
Last edited:
Informal observations from the parking lot at work is that income is roughly inversely proportional to car price. Lots of $80,000 trucks, corvettes, Audi R8s driven by the blue collar types, economy cars and compact crossovers driven by the engineers, high end luxury cars driven by secretaries. Execs do like to roll around in BMWs and Lexi..Pickup Truck Owner Demographics: F150, Silverado, Sierra, Ram, Tundra
Who buys pickup trucks? Learn about pickup truck owner demographics: age, household income, ethnicity. Free truck market research report.
Perhaps $20k/year is negligible in your high rent part of the country, but it still counts here in Real America(tm).
*ahem*
"Lexii"
"Lexii"
Prius changes to Prii but the "Pri" contributes one i
so I deem Westy correct here. Lexus to Lexi as Lex doesn't have an i to begin with
I'd happily roll around in one of those too if the company was picking up the tab for the lease.
How many Toshii are there?
apparently I am like Highlander
and am also 93 years old
which is a bullshit calculation since I know of at least 3 in the music community alone.
I have had a doppelganger in Louisiana that died a few years ago. Same middle name even.
Lexuses
Lexedes
Lexuses
Lexedes
apparently the plural of Lexus is officially Lexus
'.
'.
I want my money back.
So the latest economist chatter is all about recession.
However, I am pretty sure there would be few ways to curb an overheated economy/inflation without a bit of a recession of sorts. thoughts?
However, I am pretty sure there would be few ways to curb an overheated economy/inflation without a bit of a recession of sorts. thoughts?
