There are many who are questioning the narrative about the economy being so strong. We are seeing inventories build up in many areas. Just last month, both Walmart and Target pointed to a change in consumer buying. Basically, people are opting for the lower margin necessities while skipping that which fits into the discretionary category. This is something that is likely going to continue. Automobiles are one of the largest contributors to the economy. After all, there are a lot of cans of coffee or hamburgers in a $40,000 vehicle. What we are seeing is getting very scary based upon the last few years. # US Auto Sales Collapsing Normal auto sales, on an annualized rate, is between 17M-18M. This is where we know the industry is strong. Unfortunately, these are numbers not seen in a while. Before getting into that, this week saw the release of the May sales. There were 7 manufacturers that release their numbers (it is only mandatory on a quarterly basis). Here is what took place from a year ago: <center> [Source](https://www.autonews.com/sales/may-us-auto-sales-ford-toyota-honda-hyundai-kia-subaru-post-declines-again-may)</center> There is only one way to describe this: ugly. Highlighted is the 5 month change from 2021. Notice how much of a decline we are seeing. Overall, there is a 20% drop from a year ago. Of course, the industry wants to blame it on the supply chain issues. The challenge with this is there were serious concerns last year. Are we witnessing demand destruction? Obviously we can't draw conclusions based upon one month. However, we are seeing a concerning trend longer term. .png) What is concerning is, other than a quick rebound after the COVID collapse, we have seen a decline in US auto sales since 2015. # Are We Heading For An EV Future Some believe the numbers are drifting lower due to the fact that consumers want electric vehicles. This is a theory of Cathy Wood, the head of Ark Investments. Could this be a reason why the sales are declining? We know sales of EVs are moving higher. So, obviously, the loss is coming from ICE vehicles. This might be a valid theory over a longer term but I doubt it is the case now. What we are seeing, in my view, is more a reflection on the economy than anything else. EV production is increasing yet it will be years before the output is there for it to be a serious percentage of overall sales. Thus, is most are putting off buying a new car in an effort to await EVs, it will be a long wait. The reality might just be that the economy was not that strong over the last 5 years. We know 2018 and 2019 were causes for concern. The shortage in collateral has been taking a toll since the Great Financial Crisis. The lockdowns due to COVID sent the economy in a tailspin, something that it might have been on pace for anyway. In spite of the rhetoric from those claiming the economy is strong (The White House and Fed), it really is not. We are dealing with a systemic issue that is likely to persist. For the time being, the Fed is tightening which will certainly cause some issues. However, what the Fed is doing is not really going to affect much. The wheels were already in motion. Inventories saw record month over month change in twice in the 4th quarter. This has only spread throughout much of the economy. Demand destruction was on way due to the higher prices. When the PPI consistently outpaces CPI, it means demand is going to get crushed. Manufacturers and retailers simply cannot pass on all of the price increase. At the same time, essentials go up in price, leaving less room to take on debt. This is one factor in the automobile numbers. The other is the fact that mortgage refis have been dropping since last May. When people refinance their house, it is no uncommon for them to buy a new car with some of the money. Whatever is going on, these numbers are of great concern. ___ If you found this article informative, please give an upvote and rehive. https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/doze/MkkDNhyH-2020_04_13_16_57_48.gif gif by @doze  logo by @st8z Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/automobile-sales-show-something-is-going-on)
author | taskmaster4450le |
---|---|
permlink | automobile-sales-show-something-is-going-on |
category | hive-167922 |
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gerber | 0 | 3,319,681,467 | 2% | ||
daan | 0 | 51,609,435,836 | 8% | ||
ezzy | 0 | 85,159,682 | 2% | ||
kendewitt | 0 | 209,039,571,545 | 100% | ||
exyle | 0 | 17,922,893,003 | 2% | ||
jphamer1 | 0 | 1,797,299,591,896 | 100% | ||
scaredycatguide | 0 | 69,288,002,598 | 100% | ||
themonetaryfew | 0 | 730,154,389,983 | 100% | ||
daveks | 0 | 1,652,257,631,476 | 25% | ||
doitvoluntarily | 0 | 33,870,832,462 | 100% | ||
boxcarblue | 0 | 312,932,687,360 | 100% | ||
whatsup | 0 | 104,828,101,560 | 21% | ||
gringalicious | 0 | 602,370,195 | 50% | ||
noborders | 0 | 3,497,016,895 | 100% | ||
builderofcastles | 0 | 25,678,555,409 | 25% | ||
sinistry | 0 | 35,211,711,051 | 100% | ||
soushi888 | 0 | 898,743,794 | 100% | ||
da-dawn | 0 | 52,820,852,340 | 23% | ||
privex | 0 | 4,432,892,415 | 4% | ||
teammo | 0 | 142,342,673,361 | 100% | ||
pouchon | 0 | 657,286,425,437 | 25% | ||
preparedwombat | 0 | 395,888,116,919 | 33% | ||
tamaralovelace | 0 | 82,141,084,215 | 100% | ||
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swelker101 | 0 | 10,899,769,626 | 50% | ||
scooter77 | 0 | 86,297,193,180 | 50% | ||
bitcoinflood | 0 | 136,132,250,117 | 6.5% | ||
anacristinasilva | 0 | 44,000,878,453 | 100% | ||
spectrumecons | 0 | 1,384,719,796,664 | 25% | ||
ew-and-patterns | 0 | 142,682,751,971 | 50% | ||
hhayweaver | 0 | 59,693,011,833 | 75% | ||
joeyarnoldvn | 0 | 562,882,016 | 1.66% | ||
cassillas5553 | 0 | 4,335,526,210 | 100% | ||
vikbuddy | 0 | 7,390,675,255 | 20.8% | ||
forexbrokr | 0 | 61,261,034,269 | 100% | ||
summertooth | 0 | 1,785,646,899 | 50% | ||
adambarratt | 0 | 248,412,104,195 | 100% | ||
hope-on-fire | 0 | 190,780,149,799 | 26% | ||
shebe | 0 | 847,829,127 | 10% | ||
pocketrocket | 0 | 15,366,468,311 | 100% | ||
buggedout | 0 | 166,104,072,407 | 5% | ||
alexicp | 0 | 838,321,396 | 50% | ||
noboxes | 0 | 1,304,519,319 | 50% | ||
felander | 0 | 10,063,852,205 | 2% | ||
artonmysleeve | 0 | 1,305,870,456 | 12.5% | ||
vlemon | 0 | 364,564,403,522 | 100% | ||
yogacoach | 0 | 989,899,134 | 2% | ||
tomiscurious | 0 | 243,548,796,667 | 54.8% | ||
fatman | 0 | 7,651,594,225 | 2% | ||
pixresteemer | 0 | 92,940,103,301 | 16% | ||
epodcaster | 0 | 16,787,769,627 | 100% | ||
dagger212 | 0 | 456,478,788,150 | 80% | ||
investegg | 0 | 41,948,358,039 | 2.3% | ||
ferod23 | 0 | 1,649,749,077 | 100% | ||
vegoutt-travel | 0 | 20,978,622,445 | 25% | ||
rtonline | 0 | 173,380,788,728 | 100% | ||
coyotelation | 0 | 13,075,234,660 | 100% | ||
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elderson | 0 | 5,415,729,209 | 8% | ||
shohana1 | 0 | 2,980,908,285 | 100% | ||
vempromundo | 0 | 12,958,773,270 | 100% | ||
fourfourfun | 0 | 7,979,670,277 | 27.4% | ||
jim888 | 0 | 718,451,819,803 | 22% | ||
daltono | 0 | 342,764,394,909 | 16% | ||
bengy | 0 | 27,302,666,402 | 25% | ||
znnuksfe | 0 | 5,385,932,436,011 | 50% | ||
epic-fail | 0 | 276,537,001,292 | 100% | ||
harryji | 0 | 29,275,907,184 | 60% | ||
piotrgrafik | 0 | 581,752,692,858 | 60% | ||
chorock | 0 | 230,458,350,463 | 25% | ||
empress-eremmy | 0 | 127,603,911,357 | 100% | ||
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captainbob | 0 | 149,004,608,170 | 60% | ||
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d0zer | 0 | 2,039,092,387 | 100% | ||
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dwayne16 | 0 | 39,929,329,724 | 35% | ||
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tsurmb | 0 | 10,447,063,504 | 100% | ||
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tronsformer | 0 | 1,017,025,023 | 30% | ||
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steem-on-2020 | 0 | 9,354,228,339 | 29% | ||
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anonsteve | 0 | 2,945,633,828 | 50% | ||
writeandearn | 0 | 2,281,613,033 | 100% | ||
peter-bot | 0 | 690,522,728 | 100% | ||
cryptological | 0 | 16,551,665,655 | 100% | ||
src3 | 0 | 8,394,494,652 | 10.5% | ||
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crazydaisy | 0 | 561,778,736 | 100% | ||
fractalfrank | 0 | 38,461,045,400 | 100% | ||
steem-key | 0 | 3,096,446,807 | 100% | ||
steem.leo | 0 | 2,468,649,895 | 2% | ||
abh12345.leo | 0 | 1,669,093,513 | 60% | ||
no-advice | 0 | 10,621,351,671 | 100% | ||
bala-leo | 0 | 705,452,234 | 100% | ||
flipstar.sports | 0 | 75,069,330,771 | 100% | ||
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tomhall.leo | 0 | 0 | 100% | ||
pouchon.tribes | 0 | 22,428,602,366 | 100% | ||
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mary.janikowski | 0 | 641,218,748 | 100% | ||
bruleo | 0 | 717,694,547 | 100% | ||
felander.leo | 0 | 881,687,044 | 100% | ||
rehan.neox | 0 | 827,315,959 | 50% | ||
sumatranate.leo | 0 | 5,292,029,487 | 100% | ||
jkr88 | 0 | 1,712,657,829 | 100% | ||
ribary | 0 | 666,284,409 | 1% | ||
leomaniacsgr | 0 | 2,091,096,424 | 100% | ||
gloriaolar | 0 | 1,005,184,121 | 7.5% | ||
photosnap | 0 | 8,501,515,059 | 25% | ||
mice-k | 0 | 152,108,931 | 2% | ||
ukulima | 0 | 25,723,738,059 | 2% | ||
monica-ene | 0 | 33,807,289,240 | 25% | ||
surya1adiga | 0 | 5,163,780,940 | 33% | ||
hornetsnest | 0 | 38,741,830,304 | 100% | ||
flowerbaby | 0 | 4,965,055,993 | 16% | ||
captainhive | 0 | 525,798,415,789 | 25% | ||
dcityrewards | 0 | 62,387,290,775 | 2% | ||
holoferncro | 0 | 8,762,164,154 | 5% | ||
zemiatin1 | 0 | 688,636,558 | 65% | ||
devpress | 0 | 3,564,646,054 | 100% | ||
beehivetrader | 0 | 9,593,036,768 | 100% | ||
notaboutme | 0 | 2,283,095,308 | 100% | ||
neoxcur | 0 | 988,344,787 | 100% | ||
sevenoh-fiveoh | 0 | 1,079,320,357 | 5% | ||
rezoanulv.leo | 0 | 5,446,749,068 | 100% | ||
cmplxty.leo | 0 | 186,648,243 | 45% | ||
borniet | 0 | 2,237,588,075 | 50% | ||
gonklavez9 | 0 | 1,744,468,016 | 100% | ||
elricmoonslayer | 0 | 2,345,730,418 | 50% | ||
officialhisha | 0 | 6,984,336,855 | 50% | ||
gungunkrishu.leo | 0 | 2,353,185,309 | 100% | ||
tin.aung.soe | 0 | 31,099,523,957 | 40% | ||
jfang003 | 0 | 15,940,542,477 | 10% | ||
netaterra.leo | 0 | 847,074,984 | 25% | ||
leoschein | 0 | 2,395,516,391 | 100% | ||
gualteramarelo | 0 | 59,815,267,887 | 100% | ||
rosalestrust | 0 | 1,461,071,696 | 100% | ||
dcrops | 0 | 6,416,906,353 | 1% | ||
completewind | 0 | 4,577,394,697 | 100% | ||
adamada.leo | 0 | 853,372,042 | 100% | ||
specific | 0 | 59,677,647,402 | 100% | ||
moeen.leo | 0 | 1,081,927,218 | 100% | ||
libertyleo27 | 0 | 547,940,450 | 100% | ||
resiliencia.pal | 0 | 1,897,340,271 | 100% | ||
myvest | 0 | 1,509,131,989 | 100% | ||
hykss.leo | 0 | 147,343,266,738 | 25% | ||
trostparadox | 0 | 3,516,003,097,986 | 90% | ||
meowcurator | 0 | 1,030,013,430 | 60% | ||
yieldgrower | 0 | 6,507,095,367 | 100% | ||
cbridges573 | 0 | 2,165,596,927 | 7.5% | ||
bananass | 0 | 14,293,857,852 | 65% | ||
megaleoschein | 0 | 1,469,497,711 | 80% | ||
xyba | 0 | 45,787,535,605 | 90% | ||
dugsix | 0 | 1,771,641,083 | 100% | ||
finguru | 0 | 34,681,112,347 | 80% | ||
bhealy | 0 | 2,138,069,842 | 100% | ||
leoball | 0 | 5,840,881,475 | 100% | ||
generatornation | 0 | 708,280,131 | 100% | ||
raythulhu | 0 | 1,724,485,744 | 100% | ||
vanidike | 0 | 1,261,125,001 | 100% | ||
darinapogodina | 0 | 1,835,803,590 | 100% | ||
maurofolco | 0 | 1,770,555,289 | 100% | ||
meesterleo | 0 | 964,611,686 | 60% | ||
libertyctp27 | 0 | 500,177,303 | 100% | ||
jdike | 0 | 4,323,275,972 | 100% | ||
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twicejoy | 0 | 145,025,296,149 | 50% | ||
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buzzgoblin | 0 | 4,419,626,979 | 100% | ||
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It also doesnβt mention how fucking expensive these damn cars have gotten! Itβs insane the prices for the damn things and often goes unsaid. As well though people are buying used cars more because of that. I know we put off getting a car we wanted this year because itβs just a shit show and hopefully with waiting, we could get it at a better price next year. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@cmplxty.leo/re-taskmaster4450le-2euelm)
author | cmplxty.leo |
---|---|
permlink | re-taskmaster4450le-2euelm |
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That is very true. The price of cars is ridiculous. That said, they do last a lot longer than they use to. It could be what is feeding into this. I am old enough to recall cars regularly being cooked at 125K miles. Now, a new car will do 250K without even being high end. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-cmplxty-leo-5lprvd)
author | taskmaster4450le |
---|---|
permlink | re-cmplxty-leo-5lprvd |
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created | 2022-06-06 19:18:57 |
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Do you want to know why fewer cars are sold? It's called the Osborne effect. The companies had already planned it, it has been talked about in the industry since 2019. Here is a link where it is explained https://forococheselectricos.com/2019/06/the-osborne-effect-applied-to-the-automotive-industry.html Osborne effect. According to Wikipedia, "The Osborne effect is a social phenomenon consisting of customers canceling or delaying purchases of soon-to-be-obsolete items, causing financial problems for a company that announces a future product prematurely." It can happen to an entire industry when its customers think a new generation of superior products is just around the corner. > Oh, and electric cars are more expensive because the factory transfers the development costs of these new cars to its customers, but over the years the price will be reduced, as long as inflation is low, which I already doubt. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@criptoar/re-taskmaster4450le-3oedvr)
author | criptoar |
---|---|
permlink | re-taskmaster4450le-3oedvr |
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created | 2022-06-08 03:38:33 |
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I think EV and the Solar farming is really the future. It's sad that lobbies who are making moolah through fuel economy are not helping the EV and Solar in the market. They are trying to stop those from progressing. But eventually even china is pushing this and likely to make a large part of the world not dependent on oil. Asians are quick on EV adoption and that will soon have effect on the auto sales.The reason being climate wise EV batteries and the EV performance is good in Asia, Africa and some other parts of the world. I can't say the same for EV in Nevada or other places where there is negative temp.
author | devpress |
---|---|
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post_id | 113,819,649 |
net_rshares | 99,586,043,768 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
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taskmaster4450le | 0 | 99,586,043,768 | 5% |
Solar is going to be a miserable failure in places outside the tropics. You have to have the right climate, ie the sun shining, for it to be effective. Plus there is no way battery technology can handle even a minor shift in our total energy needs. We are going to look at a lot more fossil fuels required. Just look at how the EU is suffering now that renewables are not providing the energy they promised. They are having to go back to coal. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-devpress-3n8sjq)
author | taskmaster4450le |
---|---|
permlink | re-devpress-3n8sjq |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-devpress-3n8sjq"} |
created | 2022-06-06 19:17:06 |
last_update | 2022-06-06 19:17:06 |
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root_title | "Automobile Sales Show Something Is Going On" |
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post_id | 113,836,319 |
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voter | weight | wgt% | rshares | pct | time |
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devpress | 0 | 3,568,118,308 | 100% |
i will be looking to keep my old car going as long as i can and i think there are many others in this inflation environment who will be looking to do the same, yes evs will pick up some of that difference but in general i agree it isn't a good sign or reflection of a strong economy, more will stay with their old vehicles as it is better to stick with something you know the history of and has served you well so far imo
author | doitvoluntarily |
---|---|
permlink | rd1f81 |
category | hive-167922 |
json_metadata | {"app":"hiveblog/0.1"} |
created | 2022-06-06 04:00:45 |
last_update | 2022-06-06 04:00:45 |
depth | 1 |
children | 1 |
last_payout | 2022-06-13 04:00:45 |
cashout_time | 1969-12-31 23:59:59 |
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author_reputation | 1,413,017,592,339,131 |
root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
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post_id | 113,818,124 |
net_rshares | 99,670,045,963 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
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taskmaster4450le | 0 | 99,670,045,963 | 5% |
I read the average age of a car in the US (this was about a year ago) was over 11 years. It keeps growing. So the pricing of new cars is certainly pushing people to hold their existing cars longer. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-doitvoluntarily-3bk1ue)
author | taskmaster4450le |
---|---|
permlink | re-doitvoluntarily-3bk1ue |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-doitvoluntarily-3bk1ue"} |
created | 2022-06-06 19:15:12 |
last_update | 2022-06-06 19:15:12 |
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root_title | "Automobile Sales Show Something Is Going On" |
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post_id | 113,836,282 |
net_rshares | 35,342,354,302 |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
doitvoluntarily | 0 | 35,342,354,302 | 100% |
Anyone who thinks that the majority or even 30% of Americans want an EV over an affordable gas or hybrid alternative is an *absolute retard*. Where do people who have EVs and who evangelize EVs actually live? I don't think it's Earth where most of the rest of us call home. Most Americans have less than $1000 in their name. Does any serious person think us real Americans can or would want to have a $40k+ EV that needs to be replaced every 5 years when the battery goes? What is the worth of an EV with a dead cell? I'm guessing it's not half the original KBB value of the car. Know what real Americans want? A care under $15k with 4 seats that will run for the next 10 years and will get 35MPG. That's what Americans want and need. We don't need a fucking dystopian EV future where everything is tracked, every bit of data is scrubbed up so your entire daily routine is mapped out somewhere in Honda corporate and also Facebook and we all need to religiously upgrade every 3-5 years when the planned obsolescence or (reality of batteries being prone to failure) sets in. I hate eletric cars and you should too.
author | eatthebugs |
---|---|
permlink | re-taskmaster4450le-rd18j3 |
category | hive-167922 |
json_metadata | {"tags":["hive-167922"],"app":"peakd/2022.05.9"} |
created | 2022-06-06 01:37:54 |
last_update | 2022-06-06 01:37:54 |
depth | 1 |
children | 3 |
last_payout | 2022-06-13 01:37:54 |
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root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
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post_id | 113,815,792 |
net_rshares | 99,738,398,659 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
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taskmaster4450le | 0 | 99,738,398,659 | 5% |
There are a lot of cars over $40k that people buy and not all are EVs. So to make the point that they arent going to be desired because of their price, look at the price of many of the cars these days. $40K is no longer luxury. We will see how many want EVs. If the price parity is hit, then we will see a conversion. There was a time when people wondered who would spend $600-$1,000 on a phone. Yet they do. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-eatthebugs-6a3vn)
author | taskmaster4450le |
---|---|
permlink | re-eatthebugs-6a3vn |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-eatthebugs-6a3vn"} |
created | 2022-06-06 19:14:24 |
last_update | 2022-06-06 19:14:24 |
depth | 2 |
children | 2 |
last_payout | 2022-06-13 19:14:27 |
cashout_time | 1969-12-31 23:59:59 |
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author_reputation | 2,214,825,595,078,557 |
root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
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EVs are still owned mostly by the higher income brackets. Vehicles aren't like phones that are being given away for free now by TMobile. 20% of EV owners go back to gas or hybrid within 5 years. I bet that number is higher than that. The expenses are just overwhelmingly high for the product people are purchasing. My 98 Safari GMC is still running and has 400k miles on it.   
author | eatthebugs |
---|---|
permlink | re-taskmaster4450le-rd2p2b |
category | hive-167922 |
json_metadata | {"tags":["hive-167922"],"app":"peakd/2022.05.9"} |
created | 2022-06-06 20:32:39 |
last_update | 2022-06-06 20:32:39 |
depth | 3 |
children | 1 |
last_payout | 2022-06-13 20:32:39 |
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root_title | "Automobile Sales Show Something Is Going On" |
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post_id | 113,837,781 |
net_rshares | 100,537,919,952 |
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taskmaster4450le | 0 | 100,537,919,952 | 5% |
It is complicated since many people prefer to take care of their vehicles for some time before changing it every year for another one of the year. A plan is needed to help this important aspect of the economy continue to develop as it has been doing.
author | ferod23 |
---|---|
permlink | re-taskmaster4450le-202266t72441898z |
category | hive-167922 |
json_metadata | {"tags":["hive-167922"],"app":"ecency/3.0.30-mobile","format":"markdown+html"} |
created | 2022-06-06 11:31:00 |
last_update | 2022-06-06 11:31:00 |
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root_title | "Automobile Sales Show Something Is Going On" |
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post_id | 113,825,223 |
net_rshares | 99,419,781,503 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
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taskmaster4450le | 0 | 99,419,781,503 | 5% |
Congratulations @taskmaster4450le! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s): <table><tr><td><img src="https://images.hive.blog/60x60/http://hivebuzz.me/badges/postallweek.png"></td><td>You have been a buzzy bee and published a post every day of the week.</td></tr> </table> <sub>_You can view your badges on [your board](https://hivebuzz.me/@taskmaster4450le) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub> <sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub> **Check out the last post from @hivebuzz:** <table><tr><td><a href="/hive-122221/@hivebuzz/pum-202205-delegations"><img src="https://images.hive.blog/64x128/https://i.imgur.com/fg8QnBc.png"></a></td><td><a href="/hive-122221/@hivebuzz/pum-202205-delegations">Our Hive Power Delegations to the May Power Up Month Winners</a></td></tr><tr><td><a href="/hive-122221/@hivebuzz/pum-202205-result"><img src="https://images.hive.blog/64x128/https://i.imgur.com/lpF7k06.png"></a></td><td><a href="/hive-122221/@hivebuzz/pum-202205-result">Hive Power Up Month Challenge 2022-05 - Winners List</a></td></tr><tr><td><a href="/hive-122221/@hivebuzz/pud-202206-feedback"><img src="https://images.hive.blog/64x128/https://i.imgur.com/zHjYI1k.jpg"></a></td><td><a href="/hive-122221/@hivebuzz/pud-202206-feedback">Feedback from the June 1st Hive Power Up Day</a></td></tr></table>
author | hivebuzz |
---|---|
permlink | notify-taskmaster4450le-20220606t050942 |
category | hive-167922 |
json_metadata | {"image":["http://hivebuzz.me/notify.t6.png"]} |
created | 2022-06-06 05:09:42 |
last_update | 2022-06-06 05:09:42 |
depth | 1 |
children | 0 |
last_payout | 2022-06-13 05:09:42 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
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body_length | 1,486 |
author_reputation | 369,470,641,399,601 |
root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 113,819,223 |
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I think it's the combination of gas prices going up and discretionary spending dropping. It's leading people to think before they start spending on something like a car. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450le-3w5hl4)
author | jfang003 |
---|---|
permlink | re-taskmaster4450le-3w5hl4 |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@jfang003/re-taskmaster4450le-3w5hl4"} |
created | 2022-06-06 06:01:39 |
last_update | 2022-06-06 06:01:39 |
depth | 1 |
children | 1 |
last_payout | 2022-06-13 06:01:39 |
cashout_time | 1969-12-31 23:59:59 |
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author_reputation | 655,890,786,755,679 |
root_title | "Automobile Sales Show Something Is Going On" |
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post_id | 113,819,963 |
net_rshares | 99,508,861,798 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
taskmaster4450le | 0 | 99,508,861,798 | 5% |
Without a doubt. When money gets tight, something like car purchases are going to be put off. And we are seeing this with low unemployment. What happens if job losses start to mount. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-jfang003-4q6m9y)
author | taskmaster4450le |
---|---|
permlink | re-jfang003-4q6m9y |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-jfang003-4q6m9y"} |
created | 2022-06-06 19:17:45 |
last_update | 2022-06-06 19:17:45 |
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children | 0 |
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body_length | 288 |
author_reputation | 2,214,825,595,078,557 |
root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
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<center></center><center>Bang, I did it again... I just rehived your post!</center><center>Week 109 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-108-and-start-week-109) just started...you can now check the winners of the previous week!</center><center><sub>13</sub></center>
author | pixresteemer |
---|---|
permlink | 20220606t012351149z |
category | hive-167922 |
json_metadata | {"tags":["archon","pixresteemer"],"app":"pixresteemer"} |
created | 2022-06-06 01:23:51 |
last_update | 2022-06-06 01:23:51 |
depth | 1 |
children | 0 |
last_payout | 2022-06-13 01:23:51 |
cashout_time | 1969-12-31 23:59:59 |
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body_length | 446 |
author_reputation | 121,335,002,392,984 |
root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 113,815,558 |
net_rshares | 0 |
Frankly, buying a car has become unnecessary for most people at this time. Petrol is very expensive. Everyone is having economic problems and it looks like things will only get worse. That's why it's best for me to focus on basic needs. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rtonline/re-taskmaster4450le-vmgcf)
author | rtonline |
---|---|
permlink | re-taskmaster4450le-vmgcf |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@rtonline/re-taskmaster4450le-vmgcf","links":["https://leofinance.io/@rtonline/re-taskmaster4450le-vmgcf"]} |
created | 2022-06-06 13:58:15 |
last_update | 2022-06-06 13:59:33 |
depth | 1 |
children | 1 |
last_payout | 2022-06-13 13:58:15 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.030 HBD |
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body_length | 338 |
author_reputation | 919,395,980,940,881 |
root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
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percent_hbd | 10,000 |
post_id | 113,828,670 |
net_rshares | 100,273,356,553 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
gangstalking | 0 | 1,034,454,130 | 0.5% | ||
taskmaster4450le | 0 | 99,238,902,423 | 5% |
That is true but gas was cheap before the COVID lockdowns and we still saw a decline, at least in US auto sales. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-rtonline-4dmk2r)
author | taskmaster4450le |
---|---|
permlink | re-rtonline-4dmk2r |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-rtonline-4dmk2r"} |
created | 2022-06-06 19:19:33 |
last_update | 2022-06-06 19:19:33 |
depth | 2 |
children | 0 |
last_payout | 2022-06-13 19:19:33 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
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body_length | 215 |
author_reputation | 2,214,825,595,078,557 |
root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
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post_id | 113,836,359 |
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Food, Groceries, Gas, Utilities and general goods are all sky high and getting worse by the day, I think those who aren't yet "hurt" are already scaling back and some just simply don't have a choice. Personally we are eating out less, buying less meat and lower cuts of steak. *My favorite Ribeyes are currently selling for about $25 a pound locally, that's a luxury now, where a few months ago it was a weekly staple at $9.99 here in WA. I shop more sales and question purchases more than usual. Young middle class families who are not on Public Assistance are really struggling. Funny how we had a government in full response to Covid, but who just keep denying the financial hardships many are in. It's pretty gross really. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@whatsup/re-taskmaster4450le-5jpxfl)
author | whatsup |
---|---|
permlink | re-taskmaster4450le-5jpxfl |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@whatsup/re-taskmaster4450le-5jpxfl"} |
created | 2022-06-06 01:32:36 |
last_update | 2022-06-06 01:32:36 |
depth | 1 |
children | 1 |
last_payout | 2022-06-13 01:32:36 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.032 HBD |
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body_length | 842 |
author_reputation | 519,839,651,581,670 |
root_title | "Automobile Sales Show Something Is Going On" |
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post_id | 113,815,692 |
net_rshares | 99,812,813,523 |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
taskmaster4450le | 0 | 99,812,813,523 | 5% |
Lock down the global economy and people are surprised at the results. Yes many consumers are doing just like yourself: adjusting their buying patterns. This is having an effect across the board. It is really simple: when necessities go up in price, people cut back on the luxuries. Basic math really. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-whatsup-4dj3ws)
author | taskmaster4450le |
---|---|
permlink | re-whatsup-4dj3ws |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-whatsup-4dj3ws"} |
created | 2022-06-06 19:11:48 |
last_update | 2022-06-06 19:11:48 |
depth | 2 |
children | 0 |
last_payout | 2022-06-13 19:11:48 |
cashout_time | 1969-12-31 23:59:59 |
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root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
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post_id | 113,836,212 |
net_rshares | 44,168,909,780 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
whatsup | 0 | 43,508,017,077 | 11% | ||
fersher | 0 | 660,892,703 | 100% |
Yes. Reflective of the underlying economy. Who has the money to buy a car when they could not pay for food and housing? EV problem is battery technology is not mature yet, and the pollution from mining to end of life disposal is not "green"
author | yibbiy |
---|---|
permlink | re-taskmaster4450le-202265t211824966z |
category | hive-167922 |
json_metadata | {"tags":["hive-167922"],"app":"ecency/3.0.30-mobile","format":"markdown+html"} |
created | 2022-06-06 01:18:24 |
last_update | 2022-06-06 01:18:24 |
depth | 1 |
children | 2 |
last_payout | 2022-06-13 01:18:24 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.059 HBD |
curator_payout_value | 0.059 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 247 |
author_reputation | 20,371,018,436,587 |
root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 113,815,474 |
net_rshares | 179,819,535,102 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
doitvoluntarily | 0 | 30,319,696,252 | 100% | ||
taskmaster4450le | 0 | 99,831,111,501 | 5% | ||
eatthebugs | 0 | 577,936,249 | 100% | ||
slhp | 0 | 49,090,791,100 | 100% |
Well-said. I live in a part of the country where every winter it gets down to -20F. I'd like to see EV folks try and hack the commute out here for one winter. 
author | eatthebugs |
---|---|
permlink | re-yibbiy-rd1b6u |
category | hive-167922 |
json_metadata | {"tags":["hive-167922"],"app":"peakd/2022.05.9"} |
created | 2022-06-06 02:35:21 |
last_update | 2022-06-06 02:35:21 |
depth | 2 |
children | 0 |
last_payout | 2022-06-13 02:35:21 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 319 |
author_reputation | -2,903,759,295,826 |
root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 113,816,650 |
net_rshares | 29,713,688,643 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
doitvoluntarily | 0 | 29,713,688,643 | 100% |
It is a large part of many economies especially the US. Hence the slowing sales are telling us something. We just have to decide what. EVs might have some challenges but they are going to keep growing through the rest of this decade. That said, they still are such a small percentage of the overall they do not offset what is happening. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-yibbiy-7bgq7z)
author | taskmaster4450le |
---|---|
permlink | re-yibbiy-7bgq7z |
category | hive-167922 |
json_metadata | {"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@taskmaster4450le/re-yibbiy-7bgq7z"} |
created | 2022-06-06 19:06:24 |
last_update | 2022-06-06 19:06:24 |
depth | 2 |
children | 0 |
last_payout | 2022-06-13 19:06:24 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 441 |
author_reputation | 2,214,825,595,078,557 |
root_title | "Automobile Sales Show Something Is Going On" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 113,836,109 |
net_rshares | 0 |