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People aren't going to stop using cars because of ads, they're just going to put up with almost anything because they have to in order to survive. The car indu

People aren't going to stop using cars because of ads, they're just going to put up with almost anything because they have to in order to survive. The car industry is probably one of the most stable economic pillars the US has.

gruez 2y ago
>The car industry is probably one of the most stable economic pillars the US has. You mean the industry that famously went bankrupt in 2008 and had to be bailed out? Looking at the list of sectors[1], there are plenty of sectors that I think are more stable: Consumer staples, utilities, and healthcare. [1] https://www.sectorspdrs.com/sectortracker https://www.sectorspdrs.com/sectortracker
- ics 2y ago
  The fact that it was bailed out says something about its place in American society. Stable might not be the best description but it does seem to be one thing which is taken for granted.
  - ToucanLoucan 2y ago
    > The fact that it was bailed out says something about its place in American society. Yes. It's extremely well connected to the levers of power. Other examples would include the protectionist legislation offered when they were getting their shit rocked by Asia the last time around, in the 70's, every time we've gone to war overseas for oil, and the CAFE standards which have generous exemptions for all the vehicles they actually make money on because no other manufacturers bother to make 3 ton trucks for suburbanites.
  - aziaziazi 2y ago
    > it’s cultural first class because it’s so stable > it’s so stable because it’s a cultural first class Looks biased from an outsider view but I guess most cultural habits gets biased at some point.
- tmpz22 2y ago
  What about Teslas P/E ratio, not to mention Musks dual responsibility as CEO and head of DOGE?
  - gruez 2y ago
    high PE ratio =/= "stable".
- xboxnolifes 2y ago
  Car industry is rock solid, like the housing market.
- cirrus3 2y ago
  I think they meant "stable" as in the demand for the product isn't easily going away anytime soon.
rootsudo 2y ago
"The car industry is probably one of the most stable economic pillars the US has." I disagree, https://www.lendingtree.com/auto/debt-statistics/ https://www.lendingtree.com/auto/debt-statistics/ "The average car payment for new vehicles was $737 per month in the third quarter of 2024, up 0.7% from Q3 2023 Auto loan delinquency rates are up compared to last year. 4.6% of outstanding auto debt was at least 90 days late in Q3 2024, according to the New York Fed, up 17.4% from Q3 2023. Meanwhile, the percentage of auto loans that fell to 30 days past due was 8.1% in the third quarter of this year, up 9.9% from 7.4% in the third quarter of last year." I'm shocked that a somewhat predeatory lending company has great statistics about this - the whole article is interesting. As for manufacturing, I also disagree -- due to current affairs w/ Trump and tariffs : https://www.reuters.com/business/autos-transportation/trump-held-call-with-gm-ford-ceos-potential-tariff-delay-2025-03-05/ https://www.reuters.com/business/autos-transportation/trump-... Oh yeah, something something they all took bailouts in 2008 and Ford was the only one that could pay the loans back while GM killed off several brands e.g. Oldsmobile and Pontiac.
shermanyo 2y ago
No, they're going to pay a couple hundred dollars to replace the head unit with an aftermarket one that doesn't spam ads.
tim333 2y ago
>they're just going to put up with... I certainly don't plan to. You can always chose a different car. I doubt the Jeep users will put up with it for long.

gruez 2y ago

>The car industry is probably one of the most stable economic pillars the US has. You mean the industry that famously went bankrupt in 2008 and had to be bailed out? Looking at the list of sectors[1], there are plenty of sectors that I think are more stable: Consumer staples, utilities, and healthcare. [1] https://www.sectorspdrs.com/sectortracker https://www.sectorspdrs.com/sectortracker

ics 2y ago
The fact that it was bailed out says something about its place in American society. Stable might not be the best description but it does seem to be one thing which is taken for granted.
- ToucanLoucan 2y ago
  > The fact that it was bailed out says something about its place in American society. Yes. It's extremely well connected to the levers of power. Other examples would include the protectionist legislation offered when they were getting their shit rocked by Asia the last time around, in the 70's, every time we've gone to war overseas for oil, and the CAFE standards which have generous exemptions for all the vehicles they actually make money on because no other manufacturers bother to make 3 ton trucks for suburbanites.
- aziaziazi 2y ago
  > it’s cultural first class because it’s so stable > it’s so stable because it’s a cultural first class Looks biased from an outsider view but I guess most cultural habits gets biased at some point.
tmpz22 2y ago
What about Teslas P/E ratio, not to mention Musks dual responsibility as CEO and head of DOGE?
- gruez 2y ago
  high PE ratio =/= "stable".
xboxnolifes 2y ago
Car industry is rock solid, like the housing market.
cirrus3 2y ago
I think they meant "stable" as in the demand for the product isn't easily going away anytime soon.

rootsudo 2y ago

"The car industry is probably one of the most stable economic pillars the US has." I disagree, https://www.lendingtree.com/auto/debt-statistics/ https://www.lendingtree.com/auto/debt-statistics/ "The average car payment for new vehicles was $737 per month in the third quarter of 2024, up 0.7% from Q3 2023 Auto loan delinquency rates are up compared to last year. 4.6% of outstanding auto debt was at least 90 days late in Q3 2024, according to the New York Fed, up 17.4% from Q3 2023. Meanwhile, the percentage of auto loans that fell to 30 days past due was 8.1% in the third quarter of this year, up 9.9% from 7.4% in the third quarter of last year." I'm shocked that a somewhat predeatory lending company has great statistics about this - the whole article is interesting. As for manufacturing, I also disagree -- due to current affairs w/ Trump and tariffs : https://www.reuters.com/business/autos-transportation/trump-held-call-with-gm-ford-ceos-potential-tariff-delay-2025-03-05/ https://www.reuters.com/business/autos-transportation/trump-... Oh yeah, something something they all took bailouts in 2008 and Ford was the only one that could pay the loans back while GM killed off several brands e.g. Oldsmobile and Pontiac.

shermanyo 2y ago

No, they're going to pay a couple hundred dollars to replace the head unit with an aftermarket one that doesn't spam ads.

tim333 2y ago

>they're just going to put up with... I certainly don't plan to. You can always chose a different car. I doubt the Jeep users will put up with it for long.