Electric Vehicles

[Carl Pickens]

More alarm bells sound on slowing demand for electric vehicles

High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker. Electric vehicle sales are still growing strongly, but that...

finance.yahoo.com

 

[Orangeburst]

Well Ford got a 25% pay increase and other goodies. Prices are gonna sky rocket

 

[hog88]

Well Ford got a 25% pay increase and other goodies. Prices are gonna sky rocket

I don’t see how they could get more expensive with interest rates where they are. Right now an F-250XL diesel 4x4 crew cab (work truck) is almost $70k, if you can’t pay cash I don’t see how the average person can afford the payments.

 

[YankeeVol]

I don’t see how they could get more expensive with interest rates where they are. Right now an F-250XL diesel 4x4 crew cab (work truck) is almost $70k, if you can’t pay cash I don’t see how the average person can afford the payments.

They can't. Except with a 96 month loan

 

[Orangeburst]

I don’t see how they could get more expensive with interest rates where they are. Right now an F-250XL diesel 4x4 crew cab (work truck) is almost $70k, if you can’t pay cash I don’t see how the average person can afford the payments.

IDK but I doubt they eat this.

 

[hog88]

They can't. Except with a 96 month loan

That‘s an option now? Fing crazy to take out an 8 year note on a vehicle.

 

[hog88]

IDK but I doubt they eat this.

I don’t know either.

 

[YankeeVol]

That‘s an option now? Fing crazy to take out an 8 year note on a vehicle.

It's been an option for a few years now at least. I only saw one come across my desk when I was on that side of things.

 

[Orangeburst]

I don’t know either.

Pulled this. Guess their profits will shrink. Tough time when they invest in EV plants and tooling. Probably relying on gov subsidies and handouts


It depends a bit on what you mean by “actually cost”. On average, the raw materials that physically go into the car are about 47%, and the direct labor to build the car is about 21% of the car's value . So in a sense, you could say that the physical cost to manufacture a $50,000 car is about $34,000.

 

[Orangeburst]

How Much Does It Actually Cost Manufacturers to Make a Car?

Looking to buy high dollar value vehicles but would like to save some money on taxes? It is important to begin by understanding the cost of manufacturing cars. While it is not possible to get an exact figure, it is generally more cost-effective to manufacture larger cars or when there is a...

www.llctlc.com

I don’t believe the first post. Too much margin for high volume and competitive industry

 

[hog88]

Pulled this. Guess their profits will shrink. Tough time when they invest in EV plants and tooling. Probably relying on gov subsidies and handouts


It depends a bit on what you mean by “actually cost”. On average, the raw materials that physically go into the car are about 47%, and the direct labor to build the car is about 21% of the car's value . So in a sense, you could say that the physical cost to manufacture a $50,000 car is about $34,000.

But then you have to figure in dealer cost and the continual advertising. IDK much about the car business but my brother in law is the General Manager of a GM dealership in AR and he makes stupid money. Hell, when he was the F&I manager he was pulling in over 400K.

So there is a f^ck load of money being made in the car business.

 

[Orangeburst]

But then you have to figure in dealer cost and the continual advertising. IDK much about the car business but my brother in law is the General Manager of a GM dealership in AR and he makes stupid money. Hell, when he was the F&I manager he was pulling in over 400K.

So there is a f^ck load of money being made in the car business.

That’s nuts

 

[Wireless1]

I don’t see how they could get more expensive with interest rates where they are. Right now an F-250XL diesel 4x4 crew cab (work truck) is almost $70k, if you can’t pay cash I don’t see how the average person can afford the payments.

More than our first 3br2ba 5 yo house

 

[Orangeburst]

https://www.texaspolicy.com/wp-content/uploads/2023/10/2023-10-TrueCostofEVs-BennettIsaac.pdf

$17/gallon

 

[Vol423]

Well Ford got a 25% pay increase and other goodies. Prices are gonna sky rocket

This will further escalate automation of the production processes and the elimination of personnel.

 

[Willy P]

https://www.texaspolicy.com/wp-content/uploads/2023/10/2023-10-TrueCostofEVs-BennettIsaac.pdf

$17/gallon

That math doesn’t really math for me.

 

[Orangeslice13]

That‘s an option now? Fing crazy to take out an 8 year note on a vehicle.

That will last 7

 

[Orangeburst]

That math doesn’t really math for me.

Sure it does. With direct gov subsidies, tax credits, etc

 

[Vol737]

I don’t see how they could get more expensive with interest rates where they are. Right now an F-250XL diesel 4x4 crew cab (work truck) is almost $70k, if you can’t pay cash I don’t see how the average person can afford the payments.

These prices are far outpacing your avg consumer, but the used market doesn’t help much with financing rates around 6-8%.

 

[rekinhavoc]

Major Automakers Come Clean, Admit Americans Aren’t Buying Electric Vehicles

Top major carmakers issued grim announcements about EVs this week.

www.theepochtimes.com

 

[Orangeburst]

Major Automakers Come Clean, Admit Americans Aren’t Buying Electric Vehicles

Top major carmakers issued grim announcements about EVs this week.

www.theepochtimes.com

Some auto companies will be lucky to survive these loses of massive expenditure. Gov mandates, they respond, market crashes, they go bankrupt, auto prices become even more expensive.

 

[AM64]

Some auto companies will be lucky to survive these loses of massive expenditure. Gov mandates, they respond, market crashes, they go bankrupt, auto prices become even more expensive.

 

[Orangeburst]

Detroit Is Paying Up to End the UAW Strike. Now Carmakers Will Live With the Costs.

The Detroit automakers’ labor-cost disadvantage to rivals such as Toyota and Tesla is about to get worse just as many aspects of their growth plans get cloudier.

www.wsj.com

Ford executives are already talking about the need to offset the higher expenses in its latest deal. The automaker has said the UAW contract would add $850 to $900 per vehicle in additional costs.

“We have work to do,” Ford Chief Financial Officer John Lawler said last week. “We have to identify efficiencies. We have to increase productivity. It is a record contract.”

 

[hog88]

Detroit Is Paying Up to End the UAW Strike. Now Carmakers Will Live With the Costs.

The Detroit automakers’ labor-cost disadvantage to rivals such as Toyota and Tesla is about to get worse just as many aspects of their growth plans get cloudier.

www.wsj.com

Ford executives are already talking about the need to offset the higher expenses in its latest deal. The automaker has said the UAW contract would add $850 to $900 per vehicle in additional costs.

“We have work to do,” Ford Chief Financial Officer John Lawler said last week. “We have to identify efficiencies. We have to increase productivity. It is a record contract.”

Layoffs will be a coming.

 

[AM64]

Welcome back to the big union days of the 50s and 60s. Get ready to really see some inflationary times ... until the jobs go away.