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allegorical oracle

(6,111 posts)
11. Doesn't seem that he understands something: The gist of his "I don't care if prices go
Sun Mar 30, 2025, 02:50 PM
Mar 2025

up because people will just buy American-made cars." He doesn't drive or shop for cars. Basically, he doesn't know what he's talking about.

-- Owners are keeping cars longer than ever in automotive history -- an average of 12 years.
--Those cars are lasting longer. (Know people who have cars with 200,000 miles of them, and they're still going.)
-- Also available to auto shoppers is a lively used car market.
-- Unemployed people won't be able to afford new cars, no matter where the cars are built.

And there's this: According to the most recent data from Cox Automotive, the average transaction price for new cars is $48,641. That’s down slightly from the peak of $49,929 in December 2022.

Tariffs are expected to add anywhere from $3,000 to $12,000 to new car prices. But believe it will be closer to the latter price as "American" companies face retooling their production lines.

But the idiotic Peter Navarro insists tariffs are actually tax cuts and savings from tariffs will "trickle down." Right.

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