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Please stop using the average new car MSRP. More than half the cars purchased new are significantly cheaper than that average price. A better price target would be the MEDIAN new car purchase price, which is still well below $30,000.
The MSRP isn't the issue. The number of cars sold at a given price is the issue. If half the cars actually sold are under $25,000, it doesn't matter what the average actual sale price is across all models. Averages are inherently misleading.
Yes it is an issue. MSRP is a dishonest way of doing business.
Not necessarily. The Bolt for example varies. There are dealerships i've seen in more rural states that actually do charge the MSRP.
That would be nice but no one has that data AFAIK.
I saw it published on Bloomberg, if I recall. It was around $22,000 at a time when the average new car MSRP was $35,000. I'm guessing the ratio hasn't changed much.
Oh, I thought you were referring to the prices of the EV sales instead of their MSRPs.
Regarding median car price, again, good numbers are not easy to find. It is indeed lower than the average....but not by that much. I've seen $31,500.
Yes, but the problem comes from average prices (or determining median price) based on model versus averaging or determining the median price for cars actually sold. In the former, a $20,000 Honda Fit carries the same weight as a $300,000 Bentley. However, the latter accounts for the fact that 1,000 Honda Fits are sold for every 1 Bentley that is sold.
What needs to happen is that all SUVs, lite trucks, and almost SUVs (SUVs on a car chassis) be removed. That would drop the average well below the $30k mark.
I suppose, but that's a slippery slope. You could end up manipulating the criteria to the point that the results prove whatever you want them to prove.
I'm more interested in the price people are actually paying for their cars.
Thank you for this fresh breeze of an article (away from the Tesla Model S/Porsche Taycan your colleagues seems to be overly busy with).
Has been horrible for your fragile ego, eh? You'll get over it, bug guy.
Wow the smart car is basically a joke with 58 miles of range. There are PHEVs with more range than that.
Can this be updated?
What % of the new cars sold have an MSRP $37K and over?
Battery warranties is an interesting point. I see Hyundai and Kia have unlimited warranties. Almost all the others have the California mandated minimum warranty of 8 years, 100k miles. But the kicker is in the terms of the warranty. Most are for initial production materials and workmanship which means if it was built poorly and fails, you are covered. However this does not cover degradation. Leaf, Bolt and Tesla batteries (and I suppose some others, I just don't know) guarantee a minimum level (if memory serves Leaf is 70% and Bolt/Tesla 80%). Tesla only did this for the last 2 years, before then workmanship only. I think Models S & X are 8 years, unlimited mileage.
Listed the base model and features for all but the Tesla - I guess this is just another Tesla ad in disguise.
Tesla is there. That's why they picked $40k as the upper limit.
No, look at how they presented the data.
?? It's number 10 in the slide show. Are you objecting to the listed price of $38,990? That would be for the SR+ the cheapest version currently for sale, although I don't think that includes destination charge.
Or maybe you are objecting to the fact that they listed range on more expensive versions? Tesla is the only one with multiple options effecting range and only this one falls into the sub $40k group, but the article specifically says price is for base model. I don't see your anti-Tesla attitude having any bearing here. Tesla is being treated just the same as the other cars.
But being a Tesla fan myself, I don't understand why you are anti-Tesla. Why don't you like them?