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Old 07-15-2009, 12:57 PM   #1
AVANTI R5
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Default Study: Most Americans postponing next new car purchase by at least 4 years

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Perhaps a sign that the embattled U.S. auto sector may take longer than first expected to recover, a new study reveals that 59 percent of Americans will wait at least four years before purchasing a new car – a significant increase over previous years.

According to AutoPacific’s annual survey of new car buyers, 59 percent will wait four years or more before making another new car purchase. That figure is a significant jump from last year when only 44.8 percent of new car buyers said they would wait four or more years to purchase a new car.

“With the economy the way it is, the emotion and sex appeal of buying a new car isn’t there,” AutoPacific President George Peterson told Automotive News. “Cars are pretty good these days, and you’re not forced to go back into the market and buy a new car every three or four years.”

Overall, the survey – conducted last April – revealed that 80 percent of buyers will wait at least 3 years before purchasing a new vehicle. That could spell trouble for the U.S. auto industry as sales continue to hover around 27-year lows.

Despite a predicted uptick during the latter part of the year, U.S. new car sales were down more than 35 percent through June
http://www.leftlanenews.com/study-mo...t-4-years.html
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Old 07-15-2009, 01:06 PM   #2
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Speaking strictly for myself... No plug? No sale. So that's at least 2011 before my Pious gets replaced...
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Old 07-15-2009, 01:20 PM   #3
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I'm waiting for something with crazy good gas mileage that doesn't look like a poached egg.
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Old 07-15-2009, 01:37 PM   #4
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Quote:
Originally Posted by monovich View Post
I'm waiting for something with crazy good gas mileage that doesn't look like a poached egg.
So Jetta SportWagen TDI not your thing? I think it's pretty hawt as-is.
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Old 07-15-2009, 01:53 PM   #5
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As soon as the economy gets into its stride again, this planning will fall apart and the car industry will be booming again.
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Old 07-15-2009, 02:24 PM   #6
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Originally Posted by Chromer View Post
Speaking strictly for myself... No plug? No sale. So that's at least 2011 before my Pious gets replaced...
I'm waiting until I can get something like the Tesla roadster with no petrol/diesel tank period.
So this means a pure electric or a hydrogen car - until then I'm keeping my WRX and All-Trac
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Old 07-15-2009, 02:37 PM   #7
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Maybe I am reading too much into this article, but are they saying that people will wait 4 years to replace their newly purchased car? Or are they saying 4 more years to replace whatever car they already own?

I am kind of reading it both ways and I know both kinds of people - ones that buy a new car every couple of years and ones that keep it till the wheels fall off.
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Old 07-15-2009, 03:08 PM   #8
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Quote:
Originally Posted by Hazdaz View Post
Maybe I am reading too much into this article, but are they saying that people will wait 4 years to replace their newly purchased car? Or are they saying 4 more years to replace whatever car they already own?

I am kind of reading it both ways and I know both kinds of people - ones that buy a new car every couple of years and ones that keep it till the wheels fall off.
Much like you'd expect from an article that's more headline than story, it doesn't say. Good question though, as that's an important distinction.
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Old 07-15-2009, 03:16 PM   #9
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Actually, its quite clear:

Quote:
According to AutoPacific’s annual survey of new car buyers, 59 percent will wait four years or more before making another new car purchase.
They are saying that (59 percent of) "people will wait 4 years to replace their newly purchased car"

That still means 41% will buy a new car sooner.

FWIW, my wife and I have 2 MY 2003 cars (ie 6 years old) and are not planning to replace them any time soon. We don't run up a lot of miles though.
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Old 07-15-2009, 03:33 PM   #10
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Then anyone that feels the need to buy a new car every 4 years should be smacked up-side the head anyways... bad economy or otherwise. Could they be wasting their money any more than on an endless supply of car payments?

Rampant Consumerism FTL
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Old 07-15-2009, 05:03 PM   #11
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Originally Posted by Chromer View Post
Speaking strictly for myself... No plug? No sale. So that's at least 2011 before my Pious gets replaced...
200 HP hybrid Toyobaru sports car for me. None of this 110 HP CR-Z hybrid crap for me.
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Old 07-15-2009, 05:08 PM   #12
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Quote:
Originally Posted by Hazdaz View Post
Then anyone that feels the need to buy a new car every 4 years should be smacked up-side the head anyways... bad economy or otherwise. Could they be wasting their money any more than on an endless supply of car payments?

Rampant Consumerism FTL
Hey, if getting new cars is their thing, then so bit it. They could waste a car payment a month in crap far more dumb, like scrapbooking, or doggy clothes.

I try to find a way to get a new car every 18 months. As long as I am not upside down on my trade, I can usually find a way to get a car I like at a reasonable price. You just have to wait for the perfect storm of incentives, equity, and time of the year, and health of the market.

I may wait as long as 2 years on this one, but I can already feel the 'itch' for something new.

Its my thing. Its the only real hobby I have besides cooking.
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Old 07-15-2009, 05:49 PM   #13
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Originally Posted by Hazdaz View Post
Then anyone that feels the need to buy a new car every 4 years should be smacked up-side the head anyways... bad economy or otherwise. Could they be wasting their money any more than on an endless supply of car payments?

Rampant Consumerism FTL

I put 25k miles/year on my car. At 4 years I'd be kicking six figures. I've done the six digit mileage - used car thing before, it sucks.

Depending on the reliability of this car, and it's been bulletproof so far, I'll probably start thinking pretty hard about replacing it at the four year mark.

But yeah, I see your point if you only drive 10k miles/year. Replacing a car every 18 months is craziness.

Quote:
I try to find a way to get a new car every 18 months. As long as I am not upside down on my trade, I can usually find a way to get a car I like at a reasonable price. You just have to wait for the perfect storm of incentives, equity, and time of the year, and health of the market.
And every time you buy a new car, you're getting kicked in the balls by depreciation. If you like it, more power to you, but jeez.....
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Old 07-15-2009, 06:07 PM   #14
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Originally Posted by SLegacy99 View Post
200 HP hybrid Toyobaru sports car for me. None of this 110 HP CR-Z hybrid crap for me.
<shrug> I have several motorcycles. It would require cubic dollars for me to buy a car that didn't feel slow and it wouldn't get nearly the gas mileage...
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Old 07-15-2009, 06:22 PM   #15
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Default Makes sense based on other surveys done

Personally I find no interest buying any of the new cars except the TDI sport wagon which happens to be the only car we might actually purchase this next year. Our 01 jetta is really super cramped with one car seat. The new jetta TDI wagon is pretty much exactly what we need.

As for our other car ie AWD SUV like vehicle which gets used as such makes zero sense to replace it given nothing currently being built nor anything on the near term future list offers a big enough milege gain to justify the cost of replacing a paid for fully functional SUV. If nothing shows up in the next few years I'll simply replace the old 94 landcruiser with a newer used one no sense in buying a cheap POS new SUV for 25K when I can own the best for the same price.
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Old 07-15-2009, 06:27 PM   #16
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My wifes saturn is 9 years old now, with 120k miles. We haven't replaced it yet because we get 40+ mpg on the highway, and she regularly gets 35+ in the city. It might not be the nicest looking car on the road, but it runs perfect and it's paid for. We plan on waiting till 2011 or later to replace it. By then all our bills will be paid off, including my car.
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Old 07-15-2009, 07:56 PM   #17
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Quote:
Originally Posted by Chromer View Post
<shrug> I have several motorcycles. It would require cubic dollars for me to buy a car that didn't feel slow and it wouldn't get nearly the gas mileage...

Ummm....a motorcycle is a little different from a car.

....I have sooooo many space shuttles. Anything else I drive is crap.
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Old 07-15-2009, 08:13 PM   #18
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Wifey and I just replaced her minivan with a 2010 Forester premium with the all weather package last week. Now we have two Subarus in our driveway
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Old 07-15-2009, 09:02 PM   #19
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Originally Posted by FaastLegacy View Post
And every time you buy a new car, you're getting kicked in the balls by depreciation. If you like it, more power to you, but jeez.....
Plus higher registration fees.
Plus higher insurance rates.

(when compared to an older car)
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Old 07-15-2009, 10:09 PM   #20
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Originally Posted by FaastLegacy View Post
I put 25k miles/year on my car. At 4 years I'd be kicking six figures. I've done the six digit mileage - used car thing before, it sucks.
What a lie, most decent motors from the past 15 years will run happily to 200-250k miles ... both of my cars are over 100k and have not missed a beat (120k for All-Trac and I think 105k for WRX).

EDIT: The All-trac I got at ~60k on the clock (despite being a '92 model) and I put around 30k miles on it a year. The WRX I used to put about 15-20k miles on until about 3 years back, now it's only 5k at best.

Last edited by rypt; 07-15-2009 at 10:22 PM.
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Old 07-15-2009, 10:12 PM   #21
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Hey, if getting new cars is their thing, then so bit it. They could waste a car payment a month in crap far more dumb, like scrapbooking, or doggy clothes.
I don't know too many people that spend/waste $400+/month on scrapbooking or doggy clothes.

My opinion is that for someone to be able to truly afford to swap out their car every 18 months, they would have to be deep into a 6-digit salary, cuz it's never just the cost of the car... It's everything else that stays ridiculously expensive (like RALLYROO posted) with always having a new car. But hey, that's just me, I prefer to be a little more conservative with my money... I rather live debt-free.

Quote:
Originally Posted by FaastLegacy View Post
I put 25k miles/year on my car. At 4 years I'd be kicking six figures. I've done the six digit mileage - used car thing before, it sucks.
Dude, it's 2009, not 1979 - 6 digit mileage on a modern car is absolutely nothing. Hell, most cars don't even need a "tune-up" till the ~100k mark.
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Old 07-15-2009, 10:31 PM   #22
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Originally Posted by rypt View Post
What a lie, most decent motors from the past 15 years will run happily to 200-250k miles ... both of my cars are over 100k and have not missed a beat (120k for All-Trac and I think 105k for WRX).


The past two cars I've had were pieces of **** past 100k, and they were both Subarus.

I wasn't referencing motors anyway. The Legacy I had needed a laundry list of parts replaced between 100k and 130k. Radiator, heater core, radiator hoses, brakes, bearings, wiper motors, bad O2 sensors etc. The Impreza I had wasn't any better.

Quote:
Dude, it's 2009, not 1979 - 6 digit mileage on a modern car is absolutely nothing. Hell, most cars don't even need a "tune-up" till the ~100k mark.
I guess that depends on your definition of modern. The 1993 Legacy and the 2000 Impreza were POSes as I described above. Parts fail from wear and tear, you aren't going to escape that no matter when the car was built.
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Old 07-15-2009, 10:56 PM   #23
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Originally Posted by FaastLegacy View Post
The past two cars I've had were pieces of **** past 100k, and they were both Subarus.

I wasn't referencing motors anyway. The Legacy I had needed a laundry list of parts replaced between 100k and 130k. Radiator, heater core, radiator hoses, brakes, bearings, wiper motors, bad O2 sensors etc. The Impreza I had wasn't any better.



I guess that depends on your definition of modern. The 1993 Legacy and the 2000 Impreza were POSes as I described above. Parts fail from wear and tear, you aren't going to escape that no matter when the car was built.
None of the stuff you listed would even come close to costing as much as the hit someone would pay by buying a new car. Seriously dude, you are counting brakes? Come on now - that's a wear item! The Heater Core is the only one that would really scare me in terms of cost, but even when you figure in a higher yearly cost due to maintenance/repairs, no modern car (MY 2000+/-) should have a problem hitting 150k and do it at a vastly cheaper cost than if someone bought 2 new cars and kept them for 75k. Hell, just the sales tax alone on a new car would pay for at least some of the repairs you listed... not even including higher property tax and insurance, etc.

Don't get me wrong, there will always be lemons, and if getting a new car every 100k is what you like to do, that's one thing, but lets not pretend that 100k is "old age" for a car.
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Old 07-15-2009, 11:25 PM   #24
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I plan on buying a new car when I can buy it in cash...so that's going to be a while away. I had a new car once, and I won't be doing that again any time soon. It's just not worth it to make payments.

Used cars cost money too, but they don't cost $300-400 a month to maintain. If you're willing to live with an imperfect car and have the ability to do your own maintenance, you come out ahead.

I'm not a very good consumer really. I try to buy everything used and always try to do my own maintenance. Sorry auto dealers and mechanics.
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Old 07-16-2009, 01:40 AM   #25
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My dad's 1998 Mercury Villager has 350,000 miles on it. He uses it for heavy load deliveries of product as well.

That thing is a beast and is still running strong. The transmission is starting to get a little rough and that's it.
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