Car Crisis: The End of the American Dream?
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- čas přidán 27. 05. 2024
- The story behind America's car affordability crisis. From rising prices for new cars, skyrocketing insurance and expensive repairs, explore why owning a car is becoming a luxury for many in the US.
Is the 'American Dream' in crisis?
00:00 American car culture
02:00 Indianapolis - Cross Roads Of America
03:00 High price of driving in the U.S.
04:00 Americans love to drive
05:00 New York Autoshow 2024
06:20 Cost of new and used cars
07:30 Financing new cars
08:30 Insurrance costs
09:30 Public transport in the U.S
15:00 Mobility in the U.S
17:30 EV transformation in the U.S
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100% import duty on Chinese cars will help to keep cars expensive in US.
Keep people in debts forever. Protectionist will backfire
Then open more native car manufacturing plants. China has had it too good as it uses forced cheap labour to out compete other countries.
No BYD.... Build Your Dream
A car with 250 miles $10k is the way to use the excess money to build your dream.
Absolutely.
If import 1000% tax, US car makers can get more profit
The difference is that most European cities have good public transportation in America your lucky if there’s a sidewalk to get anywhere
In Europe the rich drive while the poor are on the bus and train.
😂you never been in my eu country then, maybe compare to usa is good but overall is bad, mostly in rich eu countries is good even then germans complain about DB😂
Euro peons cannot afford a license or gas let alone a car.
@@user-cq9ph5pz1jYou can tell a transportation system is effective not when poor people can afford to drive, but when rich people choose to take public transit. That's what you see in Europe: rich people take the train because it's the fastest and most comfortable mode of Intercity travel.
Europe population is almost 800 million & The US is 330 mill …the US is so big, it’s hard to explain it …I’m in Maryland and, I still don’t kw so many cities around my area …I only kw silver spring,German,Rockville …so many cities but, the population is too small …population is one of the major factors why we don’t have public transportation…I’m lucky I have access to metro systems including bus,shelter,train,tax but, many others don’t have that choice
Americans are paying over charged prices for under quality cars now a days, seriously. 😂
They did it to themselves by buying vehicles they don't need. Driving a V8 pickup truck as a daily driver is idiotic. Crossovers like the escape, Trax, etc are ok as they're blown up hatch backs. But trucks???? Come on!!
BY DESIGN 😒
Using combustible engine vehicle OVER PRICED PROFITS to FORCE the public into e-v’s WE DON’T WANT
Overpaid for the CEO
@@bmw803 bmw, Your European cluelessness is amusing.
They call it the American Dream because you'd have to be asleep to believe it, Some Guy 😉
George Carlin
Nah, America is still one of best places in the world to live, even when compared to other 1st world countries like those in Europe, USA has higher salaries and lower taxes.
There are millions of migrants coming in, and very very few Americans leaving. If America was bad, it would be the other way around.
If you were born outside of the US, you'd likely be lusting after the American dream, like many do.
In fact, in the country I was born, taxes are 2x higher, homicide rate is 3x higher, yet the salaries are *5x lower.*
So, I would say the American dream is very much alive.
@@edgarsdzerins think about how stupid the average person is? Then realize half of em are even dumber than that!
It's a really exclusive club and you ain't in it my friend! They say children are the future? I say how as they wont be children anymore in that future.
Shame on you. George Carlin is not ‘’some guy’’.
@@MatheusSilva-qm1ft keep saying until you believe it
Because the truth is that gringos flee to Mexico and Europe to avoid living in the United States
the problem is public transportation in the US is basically a WARZONE.
What do you mean by that?
I hate public transport, I’ll never use it because always like 10% of the passengers cannot maintain basic hygiene. Like someone will get smelling like mold, wet dog or old sweat, and probably 1% cannot maintain even basic behaviour. So chances are you’ll encounter something that grosses you out or gets you scared or concerned about your safety.
Society has problems that need to be fixed.
They just don't invest in the public transport, seriously a century ago, America was the model for public transportation but after decades of car and oil companies lobbying, american cities became car-centric.
@@spadress Lack of safety... many rail systems have sparse security... used frequently by homeless, mentally unwell, criminal elements
@@loulahassan4191public transport in Japan is excellent. The Japanese are polite and civilised.
In much of the West today Public transport is inconvenient and patronised by ferals.
Why does the US seems like a 3rd World country when in fact it's the wealthiest country in the world?
We’re too busy spending money on other’s defense. Europe (1940’s ) Asia (1950’s-1960’s) Israel, Ukraine…….
Half of our money goes to NATO... the other half goes to special interest or welfare....
The US is a third world country it just happens to have a lot of billionaires that's all but it is third world for sure
Because "wealth" is not a per-capita number. 1 person $50 Billion, 10,000 people $5,000 USA wealth $50 Billion! For one person.
Because through the years republicans kept giving trillion-dollar tax cuts to the ultra-rich while leaving the rest of us to live like this is a third world country.
the american dream never existed. it was just a marketing strategy
For about 20% of people at the top it's still somewhat a reality. Even then it is still a struggle for many of them.
@@kendalson7100 it's just a dream
🔥🔥🔥🔥🔥
Don't you mean "marketing ploy" (scam)
Do you know what’s gdp? Check how each country is doing…
Americans aren't reliant on cars because the country is big. We're reliant on cars because decades of auto-lobbying and single family Euclidean zoning has made it impossible to get around any other way - Places are too far to walk, and not dense enough to support public transportation.
Also to say that public transportation in this country has always been challenged is completely untrue. So many American towns sprung up on railroad lines. And every American city had a robust streetcar network at the turn of the century. But car companies bought up all of the track so they could rip it out, and lobbyied the government to let them to do this.
Also, if you follow the market, there is very obviously demand for walkable and transit connected places. People want to live car free! Why do you think NYC and San Francisco are so expensive? The housing supply throughout the whole country is way too short on walkable and transit oriented neighborhoods, and way too flush with car dependent single family suburbia.
Perfectly said. It's all been manipulation and propaganda by the car companies, oil companies and compliant politicians. The so called "American love affair with cars" is 100% manufactured. Americans feel this way because that's what they've been told think all their lives just like all of America's wars are just, the US doesn't engage in genocide or torture, the American government, especially the neocons and AIPAC are always the good guys. LOL!!!
The car being too big is just hogwash because (A) trains, not cars were used back in ye olden days to spread from East coast all the way to the West and (B) how often do people even go across the country? Do you need a car for that one time you go to Disney World when a high speed train could get you there at twice the speed?
Ur so right lobbyists in everything has destroyed america since the beginning there are some areas where greed should not be allowed
Walking in SF or NYC is taking your life in your hands no thanks.
@@doctordetroit4339 Walking in a car centric suburb or commercial sprawl zone with no pedestrian infrastructure is even more dangerous.
Lots of Americans live in their car in a Walmart parking. 😢
🤣
Yes, that's the affordable home for some US citizens.
Not where I live; the cops wont' allow it.
bok, You did pretty good, but need a little more work on your English grammar.
You will have to do more work to fix your perceptions of America.
Good luck!
At least, they are dreaming.
What America does not understand is, Public Transit is not something for poor people that have no other option, but for everybody to choose on how to go somewhere. In Switzerland, the richest country on the planet, CEO's of large corporations and banks use public transit, not because they don't have a car, but because they want to. It often is the faster and more convenient option.
Problem is it is not "faster and more convenient option" in US. It is having safety issues too. 😅
Hmm, I think you'll find Switzerland is not the richest country on earth.
Compare Swiss geography and population to the US.
yeah a Switzerland has a ton of very expensive cars its also a tiny place
Switzerland doesn't spend all their money on the military to prevent paranoids from thinking someone in Russia or Iran is going to steal their money
Greed is fueling every aspect of the auto industry.
Record-breaking profit margins for auto manufacturers
Record-breaking profit for auto insurance companies.
Banks are making a profit on high interest rates.
And the US does not have a good public transportation infrastructure.
every new car in America has to be a luxury model or $80k 3 row luxury family school bus suv , $90k luxury pick up
Yes, why are Kei cars not sold worldwide? Affordable and they reduce traffic.
@@aslam7952 Only good public transit and other modes of transport like bikes reduce traffic, smaller cars wont do nearly as big of an impact as anyone of those alone.
@@aslam7952They don't meet our safety and crash standards when new. You can buy them if they are beyond a certain age.
And the pickups are laughable. Just give me an extended cap long bed work truck. It'll be adequate for anyone who actually needs such a vehicle. All these electronic gizmos just jack up the price beyond what most folks can afford without taking out a mini mortgage on a depreciating "asset".
@@anydaynow01 same here like the Nissan frontier king cab 4x4 6' box which is hard to find add a campe topper and a weekend camper { as most trucks big crew tanks -cabs with 5.5. boxes }
America need f150 to take children to school
and get the mail out of the mail box
And get groceries at the supermarket or the Walmart
Thankfully, I have the skills and the knowledge to make my Corolla last for as longs as I want.
Mine has AC and 5 speed automatic, but without even electric windows or doors.
There is elegance in simplicity. A light car is an agile car that sips gas.
you be " elegant " in your corolla ill roll in a roller
Bought a new non-luxury car last year. 800 credit score. $7500 down. Still $617 car payment. Crazy
That's just wild. I'm 29, earn $120k, no debt, net worth of $130k. Single no kids. I bought a used 2016 Altima for 10k cash. I'll never go into debt for a car. Long as it drives and has AC I'm good. Many people making half my income call me poor for what I drive.....
@@djm2189yeah but that’s a 8year old car with 10s of thousands of miles that comes with repair costs. Cars do not last forever.
@@marvelv212 you say that to miss the point. You don't need to go into debt
@@djm2189you are doing the right thing.
I’m tired of paying for financing, gas, insurance, maintenance and other bs
I wish my city just had a goddamn subway
Wow, I never thought somebody would actually like you New Yorks city SUBWAY® if you’re living in a city that insurance is cheap gas is cheap then it’s worth it but I would recommend paying off that car completely in the next car you get only spend $5000 cash buying it doesn’t matter if you buy a old car new car, it will have problems so use that $5000 wisely on a good cardo your research just because car high mileage doesn’t mean the car is bad
@SJ-kf5zh better yet, push the city to invest in mass transit so a person never HAS to have a car if they don't want it.
@@gobblox38 honestly the price of the bus and train can stay the same in NY But we need faster and more efficient service. Nobody wants to stand on a bus or train unless they really want to or be touching someone else the transit needs to make it comfortable enough that you could wear a white outfit being uncomfortable by touching other people.
@@gobblox38 I think the next generation generation alpha isn’t very interested in purchasing a car, especially by the time they grow up all cars are gonna be boring and the same EV SUV
Americans are trapped in their cars
Literally and Figuratively wow
Not true you have to get out to fill it up with gas.
More like Americans are trapped without cars.... I live 40 minutes from the nearest large city so having a car is essential
Not true, some of us choose to live in them at night. Work during the day!
@@Tiger-fv3nl American cities were built like this, anywhere else a bus or a subway, even a bike, is enough to go to work
in china the new car price has been rapidly dropping for 3 years
@@hirondelle8734 is call government, different system different party, any government that work for there citizens is good government! Does your government work for themselves or there citizens? Open your eyes and look around !
Don’t worry. The Biden government just announced that they will slap a 100% tariff on Chinese cars so that they will not come here.
@@hirondelle8734Except Chinese still can’t afford them and so sales tanked. Chinese automakers are using fraud to boost their figures but the insurance figures don’t lie.
@@hirondelle8734 which one is the communism ?
@@hirondelle8734 in automobile sectors at least, it is the capitalism at its finest
In other news, Bidden has increased Chinese EV tarrif to 100%.
And Trump put them on in the first place same bird different wings
Good for Biden. The Chinese have been subsidizing their auto industry on a massive scale. I wonder if the German auto industry will survive now that the Chinese no longer need German technology and know how.
Dealers in America don't have anything anyone wants to buy.
It's not the question of whether or not they have what they want.... AFFORDABILITY....who the hell wants to spend half the day negotiating for a overpriced car...
Most people don’t have American cars
I want a Honda or a Toyota!. I also dont want to play games all day at the Dealership, specially when they dont have a basic No added crap the Dealer cant mark up like crazy.
Just to make a point to my local dealers, I ride my motorcycle thru their lots, looking at prices, and when the sales guys approach me? I shake my head at em and ride off.
'racing capital of the world'...an oval? lol.
Lmao 😂
i was looking for this😆
More people watch it than whatever craphole event you have in your village 😂😂
There's figure-8 racing as well 🙂 . But seriously, top fuel dragsters are super cool.
@@kostinarain7373 Relax Ricky Bobby, you'll live longer..
I work for a Automotive Group. We own 30 dralerships. I own 3 vehicles, a 71 Chevelle, an 07 Jeep JKU, and an 08 Civic Si. No payments. It is much cheaper to fix my cars, than buying a new one.
nice.
I have a66 VW bug, a 71 VW Westy camper, a 2007 Mercedes CLS-550. And a 2015 Tundra . All paid for and I do all my own work on the VWs😏
1 have to 100% agree. Taking care and maintaining what you have is much,much cheaper than buying a new one that has a much lower build quality and will need thousands in tech and mechanical work after the warranty period. We have been free from car loans for 8 years, and we are done with car payments.
We?😭🤣
You’re right.
We already have self driving vehicles, they're called trains.
…as long as trains don’t start to strike of course
@@94YILDIRIMHAN And what happens when a software update bricks your self driving car? Not to mention the fundamental issue of the fact that you're asking a algorithm to make decisions within a system built up of humans making human decisions, the only way to assure proper operation is to have a road only for self driving cars, which defeats the purpose...
@@cathat9622 I am against those self-driving cellphone on wheels. Also the subscriptions are bullshit too. Recently we are having intense strikes in Germany, and I have effected from the strikes since I don’t even have driver’s license. But there should be a combination between car and public transport. After all the car is your freedom.
Pay decent and the strikes aren't necessary.
Biggest problems of trains imo are the amount of people throwing themselves in front of them and the delays oh the delays to be packed together like some sardines…still beats being in traffic for hours though.
"No one buys a car thinking about repair and maintenance cost". The same can absolutely be said about people buying houses. As a lot of people have said many times, finance and money management need to be taught in all schools.
Intelligent people do. I did in both cases and profited nicely thereby.
So, ignorance makes u go broke. Ppl don't think, just spend
In other words, I, and every tax paying citizen, will be paying for people to get subsidies on crappy cars they really can't afford. BRILLIANT!!!!
Better public transit is the way it should be.
It's time to switch to subways, light railways, streetcars/trams/trolleys, bicycles, and walking.
Oh wait, we can't because we stupidly rebuilt the country around cars.
@@user-uo7fw5bo1owe bulldozed our cities for highways. There's nothing saying we can't bulldoze the highways for cities.
The music is appropriate.
The USA is now the USSA
U$$A? I don't get it
That's not a "communist" music but classic. Communist would remind typically a military march, not emotional. Trust me, I was born in Ussr
american cities used to have state-of-the art public transit 100 years ago. the current situation is caused by choices made by people
Choices made by government (federal, state, and municipal) on behalf of the auto-lobbyists. And we all pay the price! Get to your local town council meeting and advocate for denser housing!
@@maxsilverstone8600People could have and would have fought it if they had cared.
Choice made by people after media influence. 😅
Rich people. The poor are dumb and will vote how they are told.
Choices made by Oil Barons...
There is a car shortage because there making them all as luxury cars. They could make a car that sells for $10,000 new. They just don’t want to.
Too big of a push towards trucks & suvs & not enough or barely any affordable cars available
Meh go back to 1975 when they started tracking weights&mpg pre truck SUV n cuv craze. Cars weighed over 4,060# and got 13.1mpg.
Fast forward to now and cars with all the safety equipment power etc get almost double the efficency and weigh about 4,200# 😀
Fat cats
That's because there is more profit in trucks exempt from MPG and pollution restrictions than there is for reasonable sized sedans and station wagons or even subcompact cars. The EPA requires that smaller cars get better milage than larger trucks. So auto manufacturers respond by only producing oversized trucks and truck-based products because it's easier and cheaper for them, leaving more profit on the bottom line.
@@brianhernandez589 Brian…Not true. Recently, Ford went back to increase F-150 production, because customers kept buying them in big numbers! Sedans did’t sell.
What has capitalist to do? Build what customers want! Otherwise, he will go bankrupt. Those, who are driving F’150 ( and similar ) everywhere have no moral rights to complain about fuel prices!
@@zdenekkindl2778 I'm saddened by the fact that you actually believe that marketing crap. Toyota doesn't have a problem selling sedans in the US, neither does Honda, or Kia, or Nissan, etc. Ford markets trucks because of the profitability. As you said: "What is a capitalist to do". I'm certain the market for small fuel efficient inexpensive cars is much larger than the market for gas guzzling overpriced full size trucks. But manufacturer's spend a lot of time and money trying to convince the naive general public of the contrary. The problem with greedy American companies is that they don't see the value in making affordable vehicles when they can sell you $75K+ truck and make the profit off of one deal instead of 3 sedans. And my comment was directed more toward the excess of electronics in new cars. Back in the day we drove our cars, we didn't let them drive us. There is no NEED for 90% of the electronics in todays cars. All they do is increase the selling and maintenance costs. I would gladly take a 2004 F150 over a 2024. In fact, I would gladly take anything 2004 over anything 2024. US auto manufacturing has gotten ridiculously out of hand. They are reporting record profits while selling vastly less units and laying off employees while the CEO's take home record bonuses. Do a little actual research and don't just repeat what the marketing execs say.
I'm retired and have no use for a big vehicle. I just need a small car at an affordable price. Which isn't available in the USA
I would absolutely buy a new car if it was simple and cheap. I'll even get an EV. They don't exist. This is coming from me 29, earn $120k, no debt, $130k net worth single no kids. I refuse to have a car payment so I drive a used 2016 Altima I bought cash. I'd absolutely love a new simple car but since they don't produce them I'll hold off and not buy their luxury prices.
Housing, transportation, healthcare, education, and food have all become out of range due to greed. Simpley because consumer have been willing to keep buying.
First, they price us out of housing. They price us out of education and healthcare. Now they price us out of vehicles. Do they price us out of food next?
Consumer will have to buy food, transportation, and housing. The rest can be acquired without paying money.
I'm in Australia, and we have problems with housing affordability and availability, and food and utility prices have skyrocketed. If many Australians are struggling, even though we have universal health care, and a livable wage, I can't imagine how tough it must be to be in a minimum wage job in the US.
@@Boxing4K Box, minimum wage was never designed as a living wage in America. It is something for kids just out of school to make a few bucks while they pursue careers.
@@earlysda Well. Then that's something you should remind the politicians of both parties of at the ballot box.
In pretty much all other OECD countries, the minimum wage is indexed against inflation. In the US it's been pretty much stagnant for decades and the voters tolerate it.
Bad city design makes cars a necessity, infrastructure expensive and public transport a challenge.
Part of the problem is that Americans are obsessed with huge inefficient vehicles. The biggest selling vehicles are big pickup trucks like the Ford F150, these are objectively totally unsuitable for 95% of Americans. They are expensive, inefficient, over sized and in many cases not practical to drive around built up areas. Smaller cheaper and more economical vehicles that Europeans and Asians drive would help many Americans with no mobility.
You would be surprised just how many Americans actually drive efficient vehicles. And by the way the Ford F150 and Silverado actually have better gas mileage than people realize. When you hit suburban areas you see the number of EVs shoot up and also hybrids. We just don't drive small cars that much.
I have an old pickup, classic car (the car I was taken home from the hospital in), an h shift trackday car and an EV hatchback commuting appliance. About the only thing I use the pickup for is towing to trackdays and when I have to take something big to the dump or home from the home improvement story. Can't understand what and why people are paying over 70k for a pickup that a 7k used pickup can do just fine. Working on the older cars and pickups is super easy and cheap also, can't remember when I took a vehicle to a mechanic for a repair.
Jeep Wrangler on 28s my dude
@@anydaynow01 not everyone knows how to maintain a used vehicle actually. It's quite exorbitant if you aren't the one working on the vehicle
Of what value is this "efficiency" when you're needlessly driving multi tonne vehicles for form over function?
It was GM and Firestone that bought up transit lines to decomition them to sell more cars and tires
The Ford Maverick is a very affordable pickup truck which could easy surpass the F150 as the most popular vehicle in the US, yet So few are produced it’s rare to ever see one in the wild. Not profitable enough for the shareholders.
соединённые штаты движутся к очень жёстким проблемам. стоит только нормальному кризису разразится наподобие кризиса 1973 года и мировое лидерство сша канет в лету вместе с экономикой. а причины очень простые. штаты зависят от нефти в 21 веке в разы сильнее чем в 20 век и у экономики штатов появились конкуренты в лице Китая, Евросоюза и так далее. американцы так и не усвоили уроки которые им преподнесла история.
I don't think Americans realize just how cheap cars were in the USA compared to the rest of the world! Now they are close to prices the rest of us pay, while having lower income than them.
We actually have higher incomes here, and typically much lower housing costs.
Problem with most Americans is most like to buy new cars and a 5 year old car is considered old,at least is what most say online,also the argument of cars in America are bigger so I also need a big car or I’m going to D on the road😂
@@santostv.Depends on which channel. Lot of them saying things online in US doesn't live in reality. 😅
No we have higher salaries…my sis make almost $100k and my parents make $135k together per year…I’m a mechanic and, make good (is it enough,no but, still make $27 per Hr ) …just like many Americans, I was poor handling with my income…that’s the problem..I had two cars for no reason (one convertible, I barely drove it ..only summer car ) but, I was paying insurance $250 per month also, buying expensive shoes ,clothes,eating outside …..all that drain my savings & I was living paycheck to paycheck because of my poor choices…I’m now trying to change things ..many Americans buying unnecessary things including big house,big cars and expensive clothes…
@@cinpeace353 Maybe, but the way they say it seems from usa, we Europeans are considered rude and Americans usually take offense in everything (exaggeration off course) but I guess some videos attract a certain type of people 🤷♂️
If Americans like being broke continue buying brand new cars. My daily driver is a used Hybrid, fully paid off, and cost $0 in repairs in the last 5 years of ownership.
Knock on wood 🤞
Should you wish to extend its life they can be and are worked on by ordinary humans. None of my vehicles are newer than 2000 and some are decades older.
Maintaining your own ride pays off nicely.
Bought a 2015 Chevy VOLT in 2020 for 14K. No problems. once a year oil change and flushed all the fluids last year. If Americans smarten up with their $$$$, prices will come down. also, most cars don't need all those assist features either. make a basic car with crank windows and manual seat adjustments. They never fail.
In the third world, people always buy new because the roads are very bad. Is America the same, that buying a used car puts your life at risk?
@@Moses_VII Moses, no. Just usually, driving a new car out of the dealer's parking lot means that you just lost thousands of dollars. So if you are interested in saving money, used is much better.
In 2018, I bought a 2015 Honda Civic with 35k miles for $12,000... now paid off... I've seen the same model and year with 150,000 being sold for $20,000... or even more. It's insane. Working class people are being squeezed
Just a coincidence but 4 years ago Ford and GM discontinued most car models. So most of what is sold are light trucks, EVs, or sports cars like the Corvette or Mustang. Of course the price of autos would rise when all of the lower end compact cars were taken off the market. And considering how much profits have risen among auto makers and insurance companies, the reason that cars are expensive isn't that they have become more expensive to produce or insure.
"Kei car is the smallest category of Japanese, expressway-legal motor vehicles. With restricted dimensions and engine specifications, owners benefit firstly from lower taxes and insurance rates which lead to a lower overall cost of ownership. And in most rural areas, importantly, they were also exempted from the general Japanese shako shōmeisho parking-space ownership requirement to legally buy a motor vehicle at all, as street parking is generally restricted in Japan."
Yeah...cause it's kinda... dangerous...on the road where I park my car, people go 45 mph....the speed limit is 35 mph. Wrong move and risk pancaking me and ripping the door off my car
aslam, your comment, while true, is not related to the subject at hand.
I could tell there was trouble in paradise when the the truck market exploded in size.
A family used to have one truck and one car.
The car was usually the better quality vehicle and the truck was for moving trash and large objects.
The reason for the explosion in the luxury truck was that families were combining these two use cases into one vehicle.
This was the first sign that vehicles were becoming too expensive compared to income.
Also, EV's will not make transportation cheaper.
If anything it is making it more expensive to both own and operate.
This is WHY they are not selling.
The consumer isn't completely stupid.
My trucks are no newer than 2000 and good for at least two more decades. Trucks aren't the problem but foolish buyers replacing them far too early certainly burns money. Total cost is what matters, not merely fuel. BTW trucks really replaced the large old station wagons and cars (like the Ford and Lincoln I harvested 460s for my trucks from).
Amen..✔
"Oh, cars are too expensive to buy and maintain" - Ignores that the Toyota Corolla costs ~$23K.
The real problem has a name: SUVs = car megalomania, caused by the Chicken Tax / CAFE protectionism.
Unfortunately, even the Corolla costs enough that many Americans may not be able to afford it, or shouldn’t afford it because of emergency savings and debt repayment.
Unfortunately, even the Corolla is getting out of reach for many people these days.
That is expensive for a starting point in comparison to most European and Asian countries who has even cheaper options that do the same job of safe transport just as well. So no, it's still too expensive that way
@@PlatinumNath There were the Toyota Yaris and Honda Fit for around $15K, but the CAFE protectionism standards made them inviable to sell in the US, as it taxes higher the smaller cars to subsidize the SUVs...
@@fr_schmidlin maybe the US should use the same law as Japan in terms of vehicle taxation. Instead of giving more leniency to bigger cars, there should be bigger tax advantages to cars with smaller size and smaller engines. Bigger cars and trucks should not be exempt and must follow the same standard plus maybe a check on what they do for a living, that way people who don't actually use trucks for work will be pushed out the market to buy something that they actually need (like a sensible sedan or hatchback). Also applies to people who don't have a big family yet owns a giant 7 seater SUV with smaller cargo space than a small sized 7-seater German minivan.
To compare the ridership of public transport in Indianapolis to a similar-sized city in Europe, Prague:
2023 ridership Indianapolis: 6.7 million
2022 ridership Prague (last available figures, only metro lines): 338 million.
And those numbers were generally more around 450 million yearly before the pandemic. And that is only the three metro lines.
The whole public transport system including metro, trams, buses, trains, passenger boats and a funicular has about a billion passengers yearly. That's a whopping 150 times more than Indianapolis.
Prague has about 1.2 million inhabitants, Indianapolis about 800k. But the agglomerations have about the same size at 2.1 million.
So, public transport in the US is really abysmal on average.
Cech, Wow! That's amazing that you would compare a city with probably around 2.3 million or so people residing in it (calculated by phone usage), and that is 5th in Europe for number of international visitors, and that has been around for hundreds of years, and whose transportation numbers include trams, subways, ferries, and even funiculars, to a city with a much smaller population, larger land area, and much shorter history in an out-of-the-way part of America.
.
And yet that city's residents still earn more on average than Prague's!
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Maybe driving cars makes them richer?
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Hopefully you will get over your superiority complex one day soon.
@@earlysda You sound a bit confrontational there..
I only took Prague because I know the PT there quite well. I'm sure there are better comparisons.
As mentioned, the metropolitan areas are comparable at about 2.1 mio inhabitants, with Prague being the larger inner city.
Indianapolis has apparently 29 mio. visitors annually, which is more than Prague (looked it up just for you!).
It is not my merit that Prague has all these different public transport modes, and not my fault that Indianapolis has only buses. It's a policy choice. There is no reason why Indianapolis couldn't have trams or a metro. In fact, it had streetcars (trams) until 1953.
The point doesn't really matter when discussing city public transport - but how is Indianapolis out of the way? Other large(ish) cities cities are not too far away, e.g. Chicago, Columbus, Cincinnati, Louisville, Detroit..
Prague is not any closer to other large cities than Indianapolis is. Granted, Czechia is more densely populated than Indiana is, but not so much denser that you'd expect a 150 times higher PT ridership.
I would assume that the shorter history would make it easier, not harder to build PT. So even more kudos for Prague I guess?
Cheers.
@@PradedaCech Cech thinks "international" and "domestic" means the same thing.
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OK.
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And when you keep parroting your "150 times" nonsense that I already debunked, you show that you either don't understand English, or don't understand how to process information.
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I hope you can quit telling falsehoods, and learn how to have a real conversation soon.
If someone's ego won't hurt buying a old school sedan, get a Corolla or Civic for about $25K and keep your monthly payments lower than buying an SUV. There's no point in flexing muscles if you can't afford a gas guzzler SUV, all you do at most if pick groceries from Walmart. Get the most affordable, reliable and fuel efficient cars with minimal maintenance costs. Those comes from Japanese companies.
There are plenty of good Japanese cars for much less like the 2003 Matrix my bro just bought for a grand and put a few hundred into to tidy it up (struts etc)
He also owns a 2007 Corolla (same drivetrain) he bought new that's good for another couple decades.
I only drive 1 day a week when I have a car so I figured 4 yrs ago I would buy a 20+ old used car, pay cash and afford Liability Only State required insurance. Before I could buy, the Pandemic hit, and after that Used Car Market stated to supply wannabe New Car Buyes too because they can no longer afford New. With the increased prices, that won't work for me anymore unless I drastically cut everything else. I prefer to have the convenience of a car, but I now find it much more affordable to take Uber and make fewer trips. Thank Goodness for Delivery of most anything else I buy.
If you only drive one day/week, Uber is cheaper. Buying a car is not just the price of the car. You have to consider the gas, insurance, maintenance and parking. Smart move! 👍🏻
Smart way to go, chuck.
US corporations have zero interest in helping consumers save money
Well said
Dependence. Another decline is that even medicine is a business,in the usa.
公共服务生意化，政治化，垄断化……甚至毒品合法化😂😂😂😂
stop paying docs 1000s of dollars a shift
One thing was not mentioned. Some budget compact cars which are popular in Europe left US market in recent years. Ford Focus and Fiesta, Toyota Yaris, Honda Fit/Jazz, Kia Rio, Hyundai Accent are not sold in the US any more.
Not everyone has lots of money, but yet these cars didn't sell well enough. The North American consumer makes really poor choices. Look at cars and trucks at an intersection, usually one or two people in vehicles that are way over sized.
I saw many compact-size cars from Ford, Dodge and Chevy (Focus, Neon, Cruze) before they were discontinued.
Still see many similar sized cars (sedans or hatchbacks) from the brands that still offer them, Elantra, Civic, Corolla, 3, Impreza, Sentra and even some larger subcompacts, like the Versa. The “domestic” brands simply chose to abandon those types of vehicles to push buyers into higher-margin models. Now they’re losing customers because their offerings are too expensive. I have zero sympathy for them.
I live in London UK, I drive a new model Yaris as parking in small spaces is my priority! The car has enough space for my needs and great acceleration. I wonder how I’d feel if every other car on the road was a pick up or SUV, though 🤔
Seagull EV cost 10.000$ only :)
@@petardetar5191 That's in China, the price in EU will be some 20 000 euros
It is comsumers' fault. Not many people buy small economy sedan and hatback but gravitate toward big SUV or crossover. This result is automakers now offer only a handful of small, affordable, fuel efficient vehicles in the market.
TRUTH!!!
If they can't afford a car, they probably can't afford the doctors appointment the host keeps bringing up as an example of places to go, either.
Our slavish dedication to single family detached housing has made most people car-dependent, just as the auto makers intended.
The way out is to allow townhomes and apartment buildings in most places. Given the choice between a single family detached house they can't afford, and a townhome served by transit which they can afford, most people will pick the townhome. That density also allows markets, banks, coffee shops, etc, within walking or biking distance.
The problem in most areas of the country is that the street layout is not a pedestrian friendly organic (European/UK old town) network or prewar North American grid, it's a bunch of disconnected ant-trail cul-de-sacs all dumping out onto the main road. It would be impossible to build townhouses and apartments and be able to serve them with decent public transit.
вы правильно мыслите! но пока не сменится поколение политиков и их избирателей которые мыслят не так как вы ничего у вас в штатах не изменится. ваша политическая система так устроена что даже в "старушке Европе" в странах бывшего соц.лагеря она более гибкая и прекрасно отражает то что хотят избиратели. а у вас политики и законы настроены отображать только то чего хочет кучка богачей.
@@user-uo7fw5bo1o The main roads get the transit.
@@blubaughmr That's not always the case and when it is, usually the transit is a bus that comes once an hour or less frequent.
@@user-uo7fw5bo1o Sure, when it's single family detached, at 4 units/acre or less. When it's townhomes, typically at 12 - 20 units/acre, that's 3-5 times the density. Allow a few small apartment buildings in and it's easier to get over 30 units/acre. At that point, transit works, and walkable neighborhood amenities work. At that point, it's basically a typical US city residential area before automobiles.
I have found shortsightedness is a major staple in American policy. my grandparents parents were part of the voting group that started this wave of coroners ship in the construction of America’s rail lines for highways. Cars were more affordable then in the industry, a hole was less predatory. Car dealers overcharge. The auto maker sells to the car dealer in advises them to pay. They are protected by the government so there there’s nothing auto makers can do. Dealers are fighting to make it harder for local mechanics in individuals to be able to fix their cars, which is where EV’s come in making it very difficult for your American to fix their own car or find a mechanic to fix it and instead they have to go to a dealer and pay higher prices.
I live in a state with virtually no public transportation. I live in the largest city in the state and there’s barely Uber here. There’s a very small town and other cities. There is no form of public transportation.
We are starting to get high-speed rail installed. It’s taking a long time. It’s hard to convince cities, considering the auto lobby group is so powerful in this country and the Aerospace lobbying group is so powerful that both together fight rail being built.
So I don’t know I don’t own a car I walk to my office. I live in an overpriced apartment. Thankfully, the city I live in is rather walkable, but if I want to go anywhere off the peninsula I live on it becomes extremely difficult.
Got too greedy during the pandemic. Get ready for the crash.
Civilization has entered late-stage capitalism.
Capitalism is an insatiable hunger, one which is inherently incapable of expressing the concept of "enough" - it's a system that must chronically engorge (without pause).
Poverty is the mother of necessity; the comfort of the rich, depends upon an abundant supply of the poor.
the Alchemist
-Ø1
The global gangster capitalists are pumping out their lies at a frantic pace, because they are afraid that people are waking up to their evil ways.
Yes american greed has reached its limit. Its no longer sustainable you cannot continue to extract money from poor at unlimited rate there will be a point when wheel will break
You blame the wrong system. It is the elite with international connection that are greedy. NGO who have cooperated to destroy the middle class. They miss being call lords and kings who control all they see !
Why do modern cars need internet connectivity? Power windows? Massaging seats? Laser cruise control? It's ridiculous. The cars of the 70's and 80's had none of that crap and still got you where you needed to be without a 7-8, $100K+ commitment to a predatory bank.
subsidizing cars more than they already are is bonkers. You wouldn't need micorbuses to shuttle people all over the place if you had proper density and reliable transit. Electric cars are still cars and cause most of the same externalities. Cars should be expensive given the social costs they inflict, but the money shouldn't go to shareholders, but to the victims
Shame on you for trying to make things more expensive.
Forget subsidies, that will just force prices up for bigger profits, we need simple no frills cheap vehicles.
You can achieve the american dream fast but it will only last one month before the bill arrived . Only way for average ppl is to use credit.
The real problem is we don’t demand that employees are paid a living wage. The cost is why my family drives a 20 year old pickup truck and a 10 year old small BEV.
Im 26 and literally no one in my entire family has bought a brand new car since ive been alive. I think this video is a few decades too late.
I see opening a car getting far more expensive in the future. I see cars hitting$60,000 as the norm.
Why don't buy cheapest and lighter cars? The car best in sale in Brasil is Volkswagen Polo. Why people from USA need something better than this? It's cheapest, good economy, good for environment and for the pocket.
Automakers won’t sell them. The only one available here is the Mitsubishi Mirage, which does all right in terms of sales.
I recall seeing a number of compact pickups when visiting Mexico for business trips too. Those would be much more affordable and easier to maneuver and park than the behemoths the F-150 and Silverado have become and still are able to do most tasks people buy trucks for. Many large pickups won’t even fit into home garage bays any more. Even the Ranger and Colorado are larger than the F-150 and Silverado used to be.
Pride, ego and tought of bigger vehicle is safer for themself eventho it harm others, why bother
"Cheap small cars don't meet safety regulations, citizens must buy expensive and massive vehicles" meanwhile motorcycles like the plague in motorways used just like toys.
Im so much richer now I switched to riding my bicycle, cars nowadays are just a ball and chain. The only way I'd own one is if I made 300K a year it's so ridiculous with fees and not to mention the tickets you might even rack up
10 years ago a car in the USA was 20-30% cheaper than exactly the same car in Australia. Now the price is the same.
no the prices for equivalent cars in Australia are still WAY more
@@Nyx_88888 I was looking at a Civic Type R. They are $50,000USD in the USA and $73,000AUD in Australia. Adjusting for exchange rates, it is cheaper in Australia.
And those American politicians don't want cheap Chinese car to be imported to US..
we dont want our industry to be compromised by crap thank god
Peapl have many
Huge problem in USA in public and mass transit is SAFETY... lack of security, crime, homelessness, public drunkenness is rampant on rail.. significant disincentives for avoiding auto use
As someone that was born in Asia, grew up and lived in the US for over 35 years, I now travel for work to Asia and Europe. Trust me, I don't want to own a car but we, as Americans, don't have any other options. Everytime I travel overseas for work, I almost always use public transportation - that kind of strategy is not possible in the US. America is too big, too spread out and you literally can't survive your day to day life without a car. Over the years, a car became more of a status symbol more than a transportation tool.
Cities in the USA aren't spread out because USA is big. They are spread out because they were bulldozed for car-infrastructure. (cuz you 'always' can "fix the traffic issues by adding one more lane")
Historically, your cities were as compact and walk-able as European cities are.
Before World War I and even World War 2 most Americans got about by rail public transportation and the country was built around the railroad, the subway, and the streetcar. But influenced by car lobbyists and politicians and the dumb or evil laws they wrote, America tore almost all of that down and stupidly rebuilt the country around cars.
The American dream has been ☠️ for 20/30 years now. It's NEVER COMING BACK
in the 1950 , 60's . 70, 80's 90's and even into the 2000's the average family could buy a new car .... 2020 , we are up Shlt creek , High high prices and now high interest rates
Car prices will tank. Hold tight.
Not to soon !
Thousands of functioning cars of different brands and types can be found under 10K. No one is asking you to go spend $80K on a high end vehicle.
Same thing that happened in 08, now is happening with cars… the US government and their shareholders are in the business of creating indentured servitude no matter your race, gender, or ethnicity
can buy a decent used car under $5k easily new cars are getting pricier bcos of safety options and tech
Need to more expensive safety options because more people driving SUVs
All the tech and electrical crap ppl don't need. I know I don't, just something mid size,simple and easy to service, the way they were built 20 years ago, my toyota 4runner I have ,dependable, runs great ,and will continue to maintain. I have no desire to be enslaved to new car payments. Never again. For car makers ,good luck.the demand will continue to collapse now. Most banks are not in the position to lend anymore
Another great video, we will more and more look for analog cars
Glad you like it. Please pass it on to a friend!
@@DWREV😂😂😂我朋友看到这种老古董只想把它们扔掉
This has alot more to do with consumer stupidity than anything else. Period. Americans don't know how to say no or find alternatives. If someone wanted to sell me a 50,000$ car, id laugh in their face. The fact that anyone pays these prices is a joke. These companies should be going out of business, not making record profits.
If Americans stop buying overpriced and completely unnecessary pickups and SUVs and start buying Corollas and Civic around 25 000 dollars, other manufacturers will have to meet customers needs or go out of business.
I have to wonder just how much of a runaway success companies such as Toyota and Honda would have if they reintroduced their compact cars from the late 1970s and early 1980s. They were simple, easy to repair, reliable and affordable. Aren't those the things we've lost with all this tech? I for one would forego driver-assist, cruise control and a little modern luxury if it meant saving 50 percent (or more) of the cost of a new vehicle.
Safety regs are why those went away. It would cost society less to be rid of them since everyone dies sooner or later and denial doesn't change that.
spec one then you can take off options a lot of times
The US is massive at 2800 miles east to west and 1650 miles north to south. In Texas just to get from my apartment to the nearest small downtown area in the same city is a 57 minute walk followed by a 14 minute bus ride. 8 minutes by car. To get to the big city urban downtown area it's a 2 hr 11 minute commute one way including an hour walk vs 23 minutes by car. They got rid of the bus route on my street during Covid.
The USA has Euclidian Zoning: meaning work and living areas are so far from each other that driving is the only option. Cycling is too dangerous and too far. Public Transport is under developed, buses get stuck in traffic, because there are not separated bus lanes. So Americans drive. Not to mention high crime rates on public transport.
What you mean is that US cities have sprawled out like crazy. Creating far distances, while European cities are much more compact with shorter distances.
China is the same land area and has excellent public transit and high speed rail so 🤔
driving a '11 honda accord with 176k miles on and loving it. best car is one where you don't have car payments.
% of the cars produced are exported.
Germany: 75%
South Korea: 70%
Japan: 50%
China: 15%
U$ : China has overcapacity.
It's like the "world series"...but there's only one participant
здравствуйте! что такое "мировая серия" и почему только один участник???
Buying a used car or truck a few years old is easier and cheaper!
Solution: 100% taxes to cheap cars to protect the old system and don't let competition bring down the prices. Brilliant.
The prices are high because Americans primarily want SUV's....the station wagon and hatchback market are pretty small. Americans want larger cars that are not necessarily a necessity. So it's a self -inflected issue in my opinion as an American. The insurance rate increases, though, are absolutely CRIMINAL.
Plus, now we have to have all the bells and whistles. My first car was a ‘72 VW Bug. My dad had bought it brand new for $2000 (about $15,000) in today’s dollars). It didn’t even have A/C or FM radio. I’m sure it wasn’t very safe, either. Now, I can’t imagine having a car without a fob key, backup camera, gps, hands free phone, etc. It’s hard to blame the automakers, because they are responding to demand. We decide that futuristic luxuries are now necessities. But, honestly, my favorite car was my ‘72 VW Bug, as simple as it was.
We need to get back to basics, like the Honda Civic hatchback 🚗 HF trim - a no nonsense basic and reliable transportation
Now your talking. With a manual trans.
BYD Seagull EV cost 10.000$ only :)
US automobiles are ridiculously oversized, over-complex and provided with excessively large engines.
lets gooooooo! Downfall of car dependency!
Americans are getting cucked by the automotive industry, and some of them even like it that way. Public transportation and walk/cycle options are the way to go. A lot of people in the Netherlands have a car but still go by bike, bus or train. Because it's convenient.
you guys havent seen the car prices in Canada lol
Canada is 🇺🇸 cousin
@@mzee5533 🇺🇲colony
Canada is now a dead man walking (I am Canadian) in most of segments of life !
@@mzee5533 CAD not even on par with the USD. a 2024 base model Honda Civic will cost over $30k out the dealership
@@Curling_RackHonda civic is not a cheap car anymore.
I'm so poor my last car had manual air bags.
Now that is funny!
😂👍
😅😂😂
Build trains. Lots of them. It's not that hard and you've got the money anyways.. But no, the idea of a car representing freedom in 'Murica is so engrained in their physche they won't bear to prioritise public transportation. Utter insanity.
EV mandates have forced up the price of all vehicles, profitability is now impossible.
The government is at fault here. Mandating expensive emissions and safety systems, high taxes and registration fees. Chinese cars could be had brand new for as little as $8,000.
They are obviously cared more about the fat cats than your ordinary people. The 100% tariff says it all.
Uhhh Europe is the Car and Racing capital of the world.
😂😂😂😂nice joke
@@kostinarain7373 Do you have F1 circuit in the city center in usa!? No you don't! In Europe we have a lot of such capitals.
@@borisstefanov2983 Actually both Miami and Las Vegas are F1 street circuits in the US, and there were others in the past: Phoenix, Long Beach, Detroit, Dallas.
@borisstefanov2983 bro there are 3 F1 races in USA now 🤣🤣which Europe are you from, borat??
@DWREV nice...didn't know about the earlier ones 👍👍good info
I still drive my Mitsubishi galant with 740,000 miles. American cars are too expensive. Insurance...$190 a month!
its not only the lack of public transit that is frequent, safe, affordable and clean, but the expensive car culture, the expensive health care, the expensive university education, the expensive housing, USA became a nightmare by the choice of its own citizens. yet, they vote for their own free market and misery.
This is nothing. I just got a bill for $28,000 for a single rabies vaccine that I needed. There were 3 more shots in the series lol.
That’s ridiculous.
Does the rabies vaccine cost $28000? too expensive
There's already an affordable mobility for all, and it even improves your health.
It's called a Bicycle.
Exactly: 45 % of all trips in the US are within 3 miles/ 5 km.
40 % is within 2 miles/ 3 km. All distance that can be done by bike.
yeah ride that shit 50 miles a day I the rain
Are you insane?
I once switched employers just so I could bike to work. Alas, I didn’t like my newer employer. Fortunately, my previous employer took me back, but I’m back to my 35 minute commute by car. At least I can work from home 2 days a week. Once a week, I take the train to work, but I still have to drive 12 miles to the train station. 🤷♂️
But biking to work can be great. It’s great for the heart and lungs, for the brain, the legs, the environment, congestion, etc. It is my American Dream that I have not succeeded in achieving. 😂
@@Nyx_88888 I did 44, rain or shine, I'm no coward
Most Americans driving pickup trucks is ridiculous.
Instead of building cars and trucks for the average wage Americans, they are only building luxury cars and trucks. Just look at the once simple, smallish ford ranger and f 150. Now oversized, over priced models. Just like the housing market.