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Jim
Detroit
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Look at Pick Up Trucks. That's were you can say in 2007 you could buy a new truck for $35,000. Today, that same truck goes for $62,000. Older people have the money to spend were younger people won't spend that much for a truck. You want a top of the line truck? $75,000 to $85,000. Who can afford these ridiculous prices, and now the manufacturers are going to cut out most car models and only build SUVS ( American Auto Makers ).
The majority of vehicle buyers are older than 54
by Michael Sivak. In this analysis, I compare the age composition of buyers of new light-duty vehicles (cars and light trucks) in 2007 and 2017. The data for 2007 came from IHS Markit and they apply to the buyers during the calendar year, while the data for 2017 were calculated from the informa...
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Nov 17, 2019
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