Have Car Companies "Innovated" Themselves Out of Business
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- Опубліковано 29 лис 2024
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Over the last 2 decades very few major markets have seen changes quiet as widespread (and expensive) as the car industry…
A push towards electrification, new major competitors from China and South Korea, self-driving technology, tighter regulations, and hundreds of billions of dollars in investor money has made it EXTREMELY difficult for companies to adapt to every single last change while ALSO delivering a product that’s not… terrible
Dozens of companies are betting their entire future on the next five years, but that’s happening as a lot of people are still underwater on their last car… so they’re not in a rush to buy their next.
Technology is changing so quickly that cutting-edge cars today might be COMPLETELY redundant in a few years’ time, meaning the right thing to do for most drivers is to sit back and wait.
The investors on the other hand are realizing that if you invest billions of dollars to “DiSruPt” a market… you shouldn’t be surprised... when the market gets… disrupted…
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I think you have the wrong sales-pitch for your sponsor here
it reads like something for Skillshare or similar
I thought I wouldn't praise a UA-cam ad in my life but, as a software engineer with some contacts on the ERP/CRM industry, odoo is actually a really good product. The people I know that integrate this technology on companies are really happy with it and I'm thinking about pivoting to it myself.
I wish every channel had relevant ads like this.
Old companies better give up. And let Chinese companies compete.
Why would I trust you, faceless UA-camr?
It was so over the moment they started charging subscriptions for things such as seat warming.
I have a feeling that such stupid subscriptions might work one day when younger generations no longer know how it used to be. Just like pay to win used to be frowned upon in gaming, its all normalized now
Actually, the beginning of the end happened when engineers decided to start making mechanical parts follow orders from computers
They did technically roll back that decision... for now...
The thing is, once something is subscription based, the company's goal will be to make the product longer lasting, now it is the opposite.
Also it would also make our infinite growth less of problem. Now, growing means producing stuff and throwing them away, so workers are paid.
nd they could always reintroduce it with a software update.
Don't buy anything that can be over the air "updated" (bricked) without you having any input
Why hasn't a single company realized there's a huge market opening for cheap, simple cars that can be repaired at home without the need for complex electronics?
Because alot of the complex electronics are legally required by different countries
There is no money in that.
@beekauzh669 also that. Now every car needs backup cameras, lame departure warnings, auto emergency brake,... This things add up cost, not to forget the emissions equipment.
Dacia ? (part of Renault)
Because they're basically not legal anymore. You'd have to figure out how to meet all of the emission control requirements without a fancy computer controlling the engine, and still need all of the required safety features, several of which also need computers.
The biggest 'innovation' the car companies added that will keep me off buying a new car for a long, long while is 'touchscreen everything'. I don't feel safe operating a vehicle where I need to jab a touchscreen just to change the temperature or music volume and I will not buy a car that doesn't have its basic features controllable by a physical switch/knob that I can muscle-memory in.
Yeah, that should be regulated. You're not allowed to use your phone at the wheel but your car is basically a phone on wheels. Car OEMs just use it to cut costs as it's cheaper than physical buttons.
@@Shvabicu I can't modify a car touchscreen to display the information I want to know about the car. Because it's a literal felony to mess with the car's software.
But I can buy an attachment so I can watch Netflix on that same screen while driving.
All major Car companies in North America deserve to go out of business.
It's a long term cash grab for service centers too. People aren't going to be going to a service center if your radio goes out, they might just buy an aftermarket head unit or live with it. But if the center infotainment screen goes out and takes your A/C, car play, and backup camera with it you bet the average person is going to get it replaced.
Those center screens are usually manufacturer specific and can cost in the thousands of dollar range. Used Lexus center screens are going for $5k+ on eBay!
It's crazy that in 10-15 years infotainment screens are going to be what's mechanically totalling out vehicles.
@@SwagFactory2126 Seems obvious to me that you are correct.
@@SwagFactory2126 In 10-15 years?? More like 3-4 yrs.
6:31 This little segment is a perfect example of the issue . "average new car" while showing a bmw, mercedes, and audi. The average person cant even think of buying one of those vehicles and just want a reliable new car that doesnt cost a fortune.
Doesn't change the fact that the avg price of a new vehicle is 47k.
@@Bikini_ST You can't do averages well. Because that average includes the cars the rich buy.
Meanwhile China is making 20k EV's that are better than "luxury" cars in the U.S.
Americans are all being fleeced for the profits of the rich.
While the rest of the world is just making literally better products.
It's not just a problem premium brands. The cheapest Volkswagen Golf (you know, the brand literally named "The people's car") starts at 29k Euros for the absolute base model, no extras whatsoever. Even the cheapest Toyota Yaris starts at 25k. Like what the fuck. Just over a decade ago a cheap new car was like 10k. Comulative inflation certainly isn't 150% since then, so I would like to ask the car manufacturers WTF happened.
@@kukuc96
Government introducing more and more regulations and also giving the companies an excuse to put up the prices.
Especially bad when the governments are doing this because of the UN resolutions
@@kukuc96 In the U.S. no new car was that cheap 10 years ago. The cheapest one right now is about $17,500 but the out the door price is probably a good amount more in reality.
They fucked up when they announced they would discontinue sedans and only produce SUVs
Unless road tax by weight it'll destroy all SUV.
Follow the money.
Car - 20% of Market
$38,000 - Avg Sale
SUV - 60% of Market
$46,000 - Avg Sale
Truck - 20% of Market
Avg Sale - $60,000
Chevy and Ford simply couldn't demand the correct price per volume to make a profit.
The simple fact is Honda without what most would consider a traditional type truck sells two Truck/SUV/MiniVan per Car in the USA.
That is one important factor.
The car design is done by pot smoking dropouts who dont have a driving license, nowadays.
I’m confused why though. 90% of people in my area drive trucks and suvs. Especially the larger ones. Pretty rare to see an actual car anymore.
They let soccer moms win by turning everything into an SUV, killing the sedan and pushing oversized trucks. They practically forgot how to make cars. They make tablets with wheels now.
Larger cars are also easier to engineer for crash standards and in a vacuum are safer. They are also more ergonomic to get in and out of (aside from the largerest ones). They do everything so become the everything car.
Much of the issues is actually regulations requiring sales of EVs which have as presented far too optimistically, have failed.
@@mitchellcouchman1444The emissions regulations also benefit so called “light trucks” which SUVs are considered apart of
Light trucks are exempt from most pollution emissions standards, and automakers convinced the federal government to classify SUVs and pickups as "light trucks" despite the category being intended for commercial reasons. SUVs and pickups also have the highest markup compared to the cost of production, even before we factor in emissions technologies, so automakers aggressively marketed them. And now that there are so many SUVs and pickups on the road, and because they keep getting bigger and potentially more dangerous to other drivers in accidents, the need for perceived safety is now driving people to buy SUVs purely to protect themselves from OTHER SUVs on the road.
@@mitchellcouchman1444actually SUVs and any vehicle classified as a “light truck” doesn’t have to abide by the same emission or safety regulations that normal cars do. They don’t need to meet the same bumper height or collision compatibility standards that other cars do. It’s why something like the cybertruck can exist. Basically SUVs and trucks are the safest for the driver and the most dangerous for everyone else.
Sedans just got worse. I just got to drive my brothers 2016 Camry XLE V6. Man it's a blast to drive and had so much power. Handles a lot better than my SUV.
However it's so low to the ground. The roof is at your head and the back seat and trunk are pretty worthless. For how large the car technically is it's very impractical.
Sedans are all about style these days. People can only afford one car. And a SUVs deisgn is just better for transportation. Think back to why the orginal cars from the early 1900s were built like SUVs tall and with a two box deisgn. We are simply going back to how cars use to be.
There is a place for Sedans. However they just dont make logical sense for your one and only car if you want the best all-rounder. People don't care about handling. The do like comfort and practicality.
To be fair quite a few SUVs these days buck what I said and are fairly dumb.
Buyers have spoken and sedans just simply dont appeal to them you can of course blame automakers. But its the consumer that had the final say.
Audacious to assume the average F1-50 driver is actually using their bed
I mean if you've sat in the cabin of one of those it's pretty easy to forget theres a bed in the back 🤣
But how else would they bring home a family size pack of toilet paper
And of those that do, 95% of them could get away with the Toyota Tacoma. Almost nobody who has an F150 tows jack, and far fewer than that actually require the entire size of the bed. They are just SUVs with less seats the way the average person uses them. Source: I come from truck country. The Ford F150 is far away the biggest selling vehicle here.
@@jasondashney Base F150's and Tacomas are very similar vehicles. The Tacoma is technically a re-brand of the widely popular Toyota Hilux , which was sold under a different name in North America as the "Toyota Pickup" until they decided on the Tacoma nameplate. Its whole purpose was to compete directly with everyman pickups like the Ford F150 and Chevy Silverado. What's truly overkill for most guys is Ford Super Duties, but to be honest, most people who need to do "truck stuff" don't actually need more than a Ranger or Maverick.
They do, for that 75"÷ tv they buy every year
All electric Jaguar? What will they leak?
Headlight fluid
Profit
Electrons...
electricity
Your kids college money...
I hate current cars bro i dont need to drive a big fucking computer.
Dont worry, soon the computer will drive you.
lol, yeah, for a monthly subscription that definitely won’t get descoped and double in price every year like Netflix and Co…
@@-schattenpflanze-3755 To quote a certain Smirnoff...
"America. What a country!"
When I can start playing doom, while having a video essay in the back, while driving then I'll change my mind
It already does when you think about it.@@-schattenpflanze-3755
Funny how manufacturers never figure out how to innovate in such a way that they can lower prices.
Never!
With rising costs, that just mean firing more people and replacing them with robots.
It's cheaper to make them all the same, it's not cheaper to then sell them at a lower price.
The game is the cut costs while charging the same or more.
@Seeker794 understood, just curious as to at what point it is more beneficial to sell more units at a lower price.
China make all in one ECU and the chassis is just battery the west ShOcKeD. Japanese make all in one ECU in 90s for engine.
Car companies decided to design their cars for a world that is much richer than the current one. Now they are shocked that they can't sell anything.
There's a story that Henry Ford paid his workers enough, they could afford the vehicles they built. These days, pay is getting worse and worse and companies are now shocked people can't afford their products anymore.
What we're seeing is what happens when most of the economic gains flow to the already wealthy leaving the average person behind.
@@quademasters249eventually it ends in cannibal raider gangs hunting the wastes for man flesh.
@@quademasters249 bingo
yea who would have thought 100k mass produced cars was a bad business model
@@quademasters249 Politicians put a lot of requirements for OEMs to follow. You think they want to build electric? You think the fact that every single car needs certain technology is not something they would ignore if they could?
My biggest issue is that most dealers will only sell big trucks or SUVs, whereas there are rarely any with smaller vehicles besides used car dealers.
They don't meet emission standards. Only the big cars meet emission standards.
Buy a goddamn Toyota Camry its not that deep
Inequalities are worse than ever, cars are not for poor people, they can only afford a bike, or public transportation...
That's due to how smaller vehicles are taxed higher so the prices end up so close that you might as well get the bigger car.
It's just a US thing
A car is a car its purpose is to get me to point a to point b. Not to be a oversized 2000 pound iPad with features that are useless for its intended use.
That's not going to make the manufacturers much money.
@@Makes_me_wonder Then that's a good thing. Show them that we don't want cats with a shitton of features when a car is supposed to just get you from point a to b.
@@Sonario648 ua-cam.com/video/zzWxCLnrFd0/v-deo.html
4000 pound small car os 2000 pounds.
@Tartiris1 The intention is for you to live in it you fool
I want a reliable, economical, simple to drive vehicle that will get me from A to B in reasonable comfort. It does NOT need to talk to me, have an "infotainment" system whose instructions take up literally half of the handbook, or advise me to take it to a main dealership if a tyre loses a little pressure, and it DEFINITELY should NEVER remove my control whenever it chooses to.
Try a 2006 Toyota Camry
The car Industry has tried to turn cars into iPhones that last a few years, then have to be replaced without being repairable.
Except cars cost a lot more than an iPhone, whilst people who buy new cars partly fund them by selling them to the second owner, who funds their next second hand car by selling onto the third owner etc. Can't do that with your new car? Nobody's going to buy the new car.
@@fix0the0spade Thank you! Finally a sane comment. This is the problem in a nutshell.
New cars last way longer than a “few years”.
They are more reliable now.
@Corgiking521 no they aren't. Western market Cars today have digital locks that strip away your ability to repair and maintain them yourself.n
@@Corgiking521 More reliable, but less repairable. That's important, someone with a 10+ year old car (which is the majority of car owners in the US and Europe) likely can't afford a repair bill in the high thousands or low tens of thousands. Yet for a lot of recent cars (and EVs especially) that kind of bill is distinctly possible.
@@Corgiking521 As soon as that ipad touchscreen everything controller stops working, is out of warranty, and they want $5k to fix it, we'll be seeing a lot of perfectly good reliable cars in the junkyard because their touchscreen doesn't work, and they don't make it anymore, and it would be illegal and nearly impossible for anyone else to write all the software and make that computer.
The real reasons the auto market is in distress are: 1) manufacturing and retail deciding to exploit a short term supply shortage by massively hiking prices without considering the fact that the long term health of the new auto market depends on demand in a used market where people can actually afford to buy something. 2) the fledgling EV market that desperately needs mass adoption from a consumer and infrastructure standpoint decided to go the premium route instead of economy. The reason everyone and their mom has a car is the implementation of the assembly line, which allowed the mass-production of cheap cars so that anyone who wanted one could get one. EV departments apparently skipped that economics and history lesson and went straight to insanely priced cars with no operational support and worse maintenance support. Good job.
Electric cars aren't affordable that's why, not because they choose them not to be but the fundamentals are more expensive even if made by a Chinese company that can make you a petrol car new for £5000. They failed in the mainstream markets as they were 50-100% more for an electrified version but as the car price goes up, the cost of making it electric becomes less significant ~20-30%.
That's why electric cars are being jammed into the luxury market as car manufacturers have been mandated to sell EVs and per my above point that's the only place they sell.
EVs are far more expensive to produce than standard cars so they have to go luxury.
We are adopting EV before the support technology matured. We need news kinds of batteries, better motors, better charging, more infrastructure and cheaper manufacturin process for all of that . Before all of that turns into reality EV is a trap.
@@whitewall2253 I don’t work in the industry, but I always thought it was the other way around.
@adrianocs4 motors are already a mature technology and so are lithium ion batteries. Both have seen deminishing returns every year, solid state batteries have failed to really materialize as envisioned and most of the recent improvements have been in refinement of the designs which are also showing deminishing returns. Its not "not matured" it just isn't up to the task. And don't get me started on how power has skyrocketed recently destroying the long term cost argument.
so cool you shout out your employee's channel. respect!
I always preach about looking after the people who work for you, so it's really the least I could do.
Pretty cool. Also kinda funny how I watched the recommended video already and got the vibes of HMW. Guess thst explains a lot 😂.
@@HowMoneyWorks I actually ran into them on their video on bullshit jobs before you brought them up!
@@HowMoneyWorks absolutely awesome. That's the kind of behavior we need more of in the world.
I just need a manufacturer to make a small Sedan or a hatchback. That's what I've driven for the last 20 years and that's what I will continue to drive for the rest of my life. I will buy from whoever produces them.
Mazda still makes the Mazda 3 sedan and hatchback. It's small, efficient, reliable, and reasonably priced. But Mazda is one of the few brands still selling small cars in the US
Toyota and Honda still make standard hatchbacks, and the Outback is a damn good station wagon if you need that.
There are plenty of them...
@@colinhobbs7265 well the Outback seems to get bigger every year, and Honda has phased out the Fit in the US and replaced it with a crossover SUV version
Mazda3 exists brother
6:20 EVs are actually way less complicated than Gas cars, its just the car companies who are not allowing any independent mechanics to work on the cars by locking them down
Whether it’s ICE or EV, by making SDVs (Software-defined Vehicles, where the value of the software and technology in the car is greater than that of hardware components) it is easier to lockout third-party/non-official mechanics since the only place where you will be able to fix the vehicle and get the latest firmware will be in the Ford, Tesla, etc. dealership, essentially erasing mechanics from existence, like what Apple wants to do with its electronics.
They genuinely plan on making the car of the future a tablet on wheels, where you don’t really own your car, paying à la carte to access features via software (FOTA) like heated seats or faster 0-60 time, features you technically paid for in full when purchasing the vehicle but are locked out due to a software paywall. It is unbelievably dystopian and we are very screwed indeed.
They design suck, everything fit inside battery compartment, if small things fail like a fuse they have to drop the whole battery to fix it. When China show up with all in one ECU they act like never seen a RC car.
@@legozfordayz That's why we need regulations that ensure and protect ownership. Just like in the EU when it was forbidden to lock down phones with a payment plan. And if the phone was technically locked down, because it was not easy to change the SIM card, it is your legal right to go to a phone repair shop and have them unlock *your* phone.
I don't like the EU, but this is one thing they did right.
Also *all* regulations that require companies to lock down parts with internal processors *need* to be scrapped. Freedom over safety.
Which they've been trying to do with ICE cars for years.
Honda Civic starts around $40,000 in Canada now. Its absolutely wild 😂
A bit shy of 30k USD for a Civic? Is it 24k gold plated?
@what does a civic cost in the states these days? No gold plating unfortunately 😂
@@Thiccron $24250 MSRP for 2025 Honda Civic LX (with a 2.0 liter K20C9 naturally aspirated engine).
Honestly just get a Mazda 3
It’s weird how there’s technically so much more choice in the car market now, but if you want something that’s not a gray hybrid SUV you’ve got slim pickings.
Also because you've got 8 different versions of the f150, 8 different rams, 10 silverados, etc. Tons of "choice", but it's mostly "Barbie with a new hat" trucks and suvs.
The real problem is 50+ different car companies trying to make what is essentially the exact same car. Design is dead. Everything vehicle in each category is basically the same badly designed car. Each car company should just pick a category and do it well instead of doing everyt category of vehicles badly
This is the government's fault more than anything. The net effect of the combination of emissions/mpg/crash safety laws is that one shape and type of car is optimized to meet them all, so everyone shifts towards that type.
That's also why cars are getting bigger, because the way the laws are written perversely incentivizes manufacturers to build the largest car that will fit into a given class of vehicle.
Very good point. And everyone and their mum moved upmarket, just because BMW and Mercedes were doing well (and larger more expensive EVs can have more range).
Guess what, there’s no space there for everyone, there’s only so many people that can (truly) afford to buy or lease an 80-100k car. And a lot of brands don’t even have the brand image for these new price brackets!
@@IFRYRCEExcept that's simply untrue. SUVs are terrible for safety, efficiency, and therefore emissions. While the regulations are poorly designed, the SUV is designed to skirt them, not abide by them. Companies need to be held to the standard of making efficient cars, rather than calling every vehicle a light truck.
@@1donbuster Companies are going to make what their customers want. If customers want SUVs but a company only offers sedans, they're not going to sell many. Consumers chose SUVs.
@@bwofficial1776Customers only chose SUVs because marketers and corporations successfully pushed them to. Until relatively recent CAFE regulations that aren’t applied to ‘light trucks’, sedans and other small cars sold very well.
If possible the key is to drive and maintain a vehicle 2006 or older in order to keep AI and the intrusion of smart technology OUT of your vehicle.
The only problem with that is that safety features have come a long way since 2006 and it's hard to get those good features without the other less welcome additions.
@@HowMoneyWorks most vehicles from 2002 to 2006 have air bags.
Features like collision avoidance systems and other related technologies aren’t needed for the average consumer.
Are they nice? Yes, but needed? I’d argue they’re not.
@@Zapruderfilm1963I’d say collision avoidance would be a good thing in the event that the driver passes out or has a medical emergency. It can lessen the damage.
Pre 2000 imo
09 Camry no AI and has antilock brakes. Only thing I'd like is a backup cam oh well.
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and :nvesting with her has been amazing.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
@@สมรักษ์อินทร์ตา-ม7ฑ Sarah Jennine Davis is highly recommended
You most likely should get her basic info when you search her on your browser.
@@Elijah-e6vHow do I access her ? I really need this
+156
I just sold my 2017 Ford F 250 to a dealership. It cost me 1045 to just change the spark plugs and wires. I bought a 1993 GMC Sierra. LIfe has become so simple and affordable. Simple to fix and I paid cash for the truck.
My current car goal is for my 2010 minivan to make it to 300k miles. I'm at 260k now. I have a newer car as well, but having paid off vehicles has always felt more satisfying to me than having an expensive one.
Gonna see if my 2012 Toyota can hit 200k+. 120k so far without a hiccup, regular maintenance goes a long way. Its fetting to the age where im gonna need to watch certain parts, but if i keep the engine safe, it'll run another decade.
@@DMKleinArts to be fair, any piece of crap should be good without any major repairs at 120k.
My 2009 Camry just hit 250K and I plan to drive it right to the "end".
Exactly! I have a 2005 Trailblazer that I can get the engine and transmission rebuilt for less than a down payment on a new car. Why the hell would I part with this to take an unnecessary risk on rushed, bloated and unreliable electric or even new ICE vehicle? There's literally no reason as I can install most of the features in the newer cars in my 2005 myself and NOT have to pay a subscription to use it. They should have all learned from the Sirius XM and On Star mistake.
@@chogardjr. The reasons are monetary. Consider you have a task of driving around, say, 1 000 000 miles. Your choices are 1 "eternal" Toyota with an UZ engine (TLC, Sequoia, Tundra, that sort of a thing) that does 15=20MPG and will last you 30 years / 1M miles vs 3 newer vehicles doing 50-60 MPG and only lasting 10 years / 350k miles.
Depending on where you are, what your eco-norms and your fuel costs are, you might be better off driving newer vehicles. In fact, it is like that more often than not these days around the globe, on average, unless you live in a petrostate with deliberately cheap (due to subsidies) fuel "for the masses".
Every time I see videos like this, I shake my head at the comments.
“Where have all the good cars gone?”
You didn’t buy them, that’s what.
Yaris, Fit, Versa, xB, fiesta, focus, all going away because Americans don’t buy cheap small cars.
True words. People want bigger at cheaper prices which doesn’t make sense. Same goes for labor people say they support it but don’t like prices increases due to better pay.
It's like when people say they manual transmissions and wagons and nobody buys them anyway
Gotta carry some stuff and people in my car. And I'm already a big person. Can't really afford to grab a Smart car for times I wanna just minimize my footprint becsuse I'll inevitably need a sedan at the minimum for many cases.
Those cars suck
@@raze2012_ Smart is really bad example for cheap small car - to make an A-class car you have to spend more than for a B-class. It's so small, that it gets more expensive.
B-class is where cheap small and usable cars are.
Greed is the main reason. There was always an unspoken agreement between brands and buyers: they’d release a new car, raise the price by a few hundred dollars, and we’d happily upgrade every 3-5 years. But after COVID, companies got greedy. They decided to boost margins by producing lower-quality, cheaper cars (look at the new cheap interior materials and touch screens) while charging significantly higher prices.
I’ve stopped buying new cars, even though I could afford anything within a $100K budget. For example, the Porsche Macan used to start at $48k, but now the same base model is priced at around $65k.
Let’s not forget that most car companies still rely on the outdated dealership distribution model, which adds even more to the problem. Dealers not only inflate prices but often refuse to move inventory.
It is taking me around a year to pay off a 5k car I am getting as a backup car, and I work full time. My current car was basically $2500 (well I paid nothing, but traded a car for it straight trade that I paid $2500 for).
Look at truck prices lol
Every new model add price. Even same engine and chassis. Some of them downgrade from led to bulbs still add price. Replace front bumper call it facelift.
@@dallasgombash5381price like Porsche
"The inconvenient truth about new technology is that sometimes it's kind of crap"
If I could make a slightly broader statement, the inconvenient truth about capitalism is it has become a lot more about creating new wants as opposed to satisfying existing one.
This, with respect to cars in particular, has always stood out to me. I remember having a 98 Buick Century that my folks bought for me for a grand back when I was 18. When the repairs finally started costing more than the car I got something newer, a 2015 VW Tiguan. First time I'm took it the same mechanic I always go to for service he asked what I like best about a 17 year newer car....
Cupholders
Market forces dictate that new cars are mobile data collecting machines with the eventual plan to transition into fully autonomous vehicles. But man, I despise the iPad-ification of cars.
there is very little 'market forces' involved. It's corruption driving legislation
I used to be a mechanic and Ive been saying this for the past 5 or so years
As a tech, its heartbreaking because every customer that comes to you or any other mechanic always feels like theyre being ripped off.
But the truth is, the shop owners, the mechanics, and the customers are all getting ripped off. Theres so much tech and innovation, and so much proprietary BS that its practically impossible to make prices acceptable to the average consumer.
I actually asked this in one of my technical trainings, talking about stop-start systems. I said "Hey, with all of this insane tech thats being added into cars, wont this raise auto repair prices as well as the car prices themselves so theyre priced out of affordability to the average person?"
I mean, my grandpa backed out of his garage and snapped his mirror off
if he did it in his 1980s square body chevy truck, the replacement mirror would be two bolts and $25
on his early 2000s hyundai, it had to be paint matched, and carefully removed because its plastic, $300
if he did it on a 2020 car, the mirror would have a camera, sensors, warning lights, motors, it would be paint matched, etc, and cost over $1,000
All of the new technology in cars stem around two things: The environment, and safety. Car companies and newer car technology is bending over backwards to meet these standards being set. Its so demanding that car companies have found it easier to get around these regulations in a myriad of other ways
Fuck the environment and fuck safety. V8 is freedom
The environment and safety are 3rd and 4th to profits this quarter, and profits next quarter. Most of the top execs get paid big bonuses for meeting profits, not safety.
@boomergames8094 Well, it's expected, especially when the market is becoming more and more volatile. I can assure you though, safety and environment regulations only tighten the loop more, and it's everything else, but profits, that will budge.
its all government regulation, toyota can make and sell the hilux champ for $14k while making a profit, but you can't buy it in any english speaking countries because it lacks "safety features" that half the cars on the road today don't have anyway because they were sold before those features existed.
we're paying 2-3x more for cars than we should be, and its all because politicians change regulations like a popstar changes clothes, and they force automakers to include annoying "safety features" that can't be turned off, and buyers constantly complain about these "features" because they do not want them.
its insanity. buyers want reliable cars, efficiency is secondary to reliability, and if carmakers don't have to constantly update their vehicles to comply with a neverending onslaught of new stupid bullshit regulations, prices can come back down.
if they're worried about emissions, plant some goddamn trees and leave the cars alone.
We hit a point where car reliability is too low to swallow. 200k km should not be the target for vehicle longevity. 30k oil change intervals certainly are not helping.
Yikes, i change my oil every 10k. Didn't realize people did it 30k, that's gotta be rough on your engine
@@elmateo77
Even 10k recommendedation makes me nervous ngl. Even though I run 0w-20 in the engine
@@elmateo77 Oil is significantly better than it ever has been. The amount of oil in engines has increased with the extended intervals too. That said, I'm moving to 7500 mile intervals which is about 11K km.
@@elmateo77 it is even worse on your turbo
@@quademasters249 as long as the oil does not look like tar at the end - it's fine. The problem starts when nothing comes out on the drain plug and there is a jelly thing in the sump.
The LinkedIn people going "Wait actually no, Jaguar are genius marketers I swear!" are so insufferable
Jaguar has virtually no brand equity, one commercial isn't turning around decades of directionless either way
This is what happens when vehicle production is lead by short term thinking MBA's instead of designers and engineers.
The market: always wants cheap cars that work and are reliable
Car manufacturers: ok so we're gonna do the exact opposite and overprice the few cars we do sell to make up the loss
the idea is periodically revisited and always fails.why buy some new shitbox when I can buy used?
Would Americans buy a sandero? doubt it
"Disruption" in tech just means that they'll find new ways to charge you more for a worse product.
So you still use an old Nokia ?
I guess it's off topic for this video, but it really burns my ass when I see legendary rally names, like Quattro or Ralliart, slapped on badge-engineered SUVs or crossovers.
Imagine how some of us feel about the new Mini Coopers. We used to race and rally them back in the 70s
All brands are being milked until the last cent, nothing else matters
Mustang, MG, Eclipse, Cupra, hell even Polestar used to mean something. Now it just means "We want our electric SUV's to sound sporty"
...I'm gonna give the MG Cyberster a pass tho. At least it's trying.
My friend just asked to borrow some money because he accidentally paid his car note twice this month. The car note: $950. I was like WTF are you driving? A Corolla. 😵💫
@chrisalm7031 quasimoto fan spotted name evry album cover he is in.
too much even if it is the GR
Built in obsolescence, failure to adhere to the right to repair laws, political affiliation, etc.
The car company’s of today are no different than online subscription services at this point. They don’t want you to know how to (or be able to) fix anything. They want you to just buy another car when yours breaks similar to all items designed for today’s generation.
What word will describe this generation? Saturation.
@@zanerasmussen8889 I prefer the word enshitification. That describes the situation far better
"Innovated" means putting more "infotainment" bloat into cars.
I really could not care less that my truck is "out dated". Its paid off and its reliable. It doesnt have dual climate, infotainment, heated seats etc. I connect to my phone, listen to tunes, and can haul most anything i need. I work on it myself as well.
Edit: its a 2011 ram 2500 diesel
2011 pretty new for 3rd world country. In my town most work cars are 30+ years old. Truck are luxury vehicles.
@GF-mf7ml definitely true. I'm just referencing in the video how it talks about needing a new vehicle because yours is out dated or redundant. That's all fake. Fix them and keep them on the road.
It was over the moment they said the market didn't want cars anymore, only expensive trucks and SUV'S 🙄
@@duancoviero9759 Which is a literal lie. The chicken tax is the only reasons big stupid trucks even exist in the U.S.
Thanks for the shoutout internet video daddy!
Cute❤❤❤❤
🥰
Please, never say that again.
Hey, I just subscribed to you like a week ago!
Well now I know for sure why 😆
As someone who has 3 F350s for our farm, i would love to have one of them be an ev with about 150 miles of usable range. It would be for our one truck that hauls hay and feeds cattle on a short daily dedicated route. But nobody makes one of those, and if they did, it would probably be some fancy trim. It would really reduce our operating costs vs them all making about 7mpg.
And I'm not worried about a power outage, got a 12kw, 9.6kw, and 4.8kw generator.
Why don’t you look at a class 6 ev? They exist and would met your needs.
Yeah that would be a super useful truck. I could use one as well! Maybe when the Edison conversion kits are in full swing we will be able to make it happen.
Buy a used F-150 EV base model. Does exactly what you described.
In my state (Australia) there are businesses converting favourite vehicles to EVs. None of the modern "pay a subscription for these bells and whistles or we drop you back to basics" tricks, you just get the stuff needed to make it no longer internal combustion. Some costs are lower than you might expect, as when commercial EVs become unservicable their OK parts can be cannibalised.
7mpg? Ouch
I have an EV and would never change back. But in Australia we have a lot of solar on our homes, so charging is free and green at home...
Us used to have free charging as well. We might still do, but that was long ago and it'd never last in this plutocracy.
@@raze2012_It does work at home.
Bought a volt in 2013. Best purchase ever. 150k miles. 4.5k on gasoline.
@@unconventionalideas5683 no, but yes? It's "free" to charge at home, but it obviously impacts your electric bill. It's definitely much more cost effective and convinent to do it at home either way
If only I could afford an EV... and solar panels... and a house to put them on...
I work in automotive and the saying is "we are lucky most people cant add washer fluid in their cars or we wouldn't be in business"
Not sure what the saying is trying to say. If it's about people's ability to repair their cars the bigger issue is the design of modern cars and how the engine bay is so tightly packed that you can't do anything without special tools or having to pull the engine out, and the price of replacement parts. People's ability to fix things is far down on the list. Also there is no upgradeability whatsoever. Back in the day when we were still using DIN stereos you could buy a newer fancier one. Nowadays you can't do anything once the built-in infotainment is obsolete. Which BTW most are obsolete on arrival. Everything about modern cars is designed to be single use, non repairable and non upgradeable. I am happy I still don't need to go to the dealer once the washer fluid is out. I do know that many gearboxes have "lifetime" oil in them and changing it is a pain. Also reading my own comment I think even saying modern is a bit of a stretch. Basically anything 2000+ has these "problems". But hey the economy is definitely going to collapse if there isn't planned obsolescence /s
@@ModernForerunner you can repair for yourself many wear parts in your car but many of them are coming with sensors ( like tyre pressure sensor... ) and if you replace the sensor sometime ( nowadays on 2024 cars ALWAYS ) you need to pair the new sensor with the ECU and that my friend that is what kills car repairs...
In Poland it's part of driver's exam. Is it not required in other countries?
@@Gabor-y3h It's easy shit to diy if you have a triple digit IQ
@@Gnidelhe meant it figuratively, he means many people don't know a thing about basic car maintenance and repair
they move fast and breaks things
and sometimes this thing is your spine
Nah, Fisker has been pushing essentially the same designs since the late 2000s. They didn't really die. It's more like their backers stopped paying for life support.
Fragile + No right to repair is the REAL issue, you can keep an old car going forever, but you can't change a battery on some new cars without using their service and proprietary tools and mounts... A minor repair now involves a full fledged service and leaving your car for days on end. People are over it and nothing is changing positively, someone said they make tablets on wheels and yeah that sums it up, no service or upgrade options, it breaks you throw it out...
It's mostly psychological. My 15 year old car (inexpensive) is a joy to drive as I have maintained it very well. My taxes and insurance are minimal and my bank account is pretty healthy. The key is that I honestly feel proud (rather than shame) when I park it next to expensive cars at nice restaurants.
Your old car won't last forever. Then what?
I will stick with my 09 Lexus. Thanks
Scotty Kilmer would be proud
Will probably out last everything else TBH
i would too, but my fiance owes 20k on her tesla.
Real, the 09 Toyota Camry is better though
@@dalton-at-work We live in a hell world, I'm sorry for your loss
Bro plugged hid friends channel at the end even though they left...respect
The problem is that the line between automobile and tech product is extremely blurry right now. Tech products are disposable after a few years but cars are expected to last for at least a decade, or longer.
one thing i found hilarious when Toyota was brought up is that one of the most popular cars from Toyota is the Kei Truck, a tiny unglamorus truck that is very economic and has the same capacity as any of the big ford trucks. Just interesting to me that one of Toyota's key products is a very utilitarian vehicle
Even evs don't need majority of the shit in them. I use a Kolter ES1 pro eléctric motorcycle. It has no bells and whistles, just two batteries, a motor, and speedometer. It goes 70mph and only was $5k. It's absolutely perfect. Now do this with cars please
Cars are getting to the point like tvs, computers, and phones.
Nobody is out here trying to buy a 5 year old phone or computer.
Automakers want to throw so much technology that quickly ages poorly. If they are going to be throwaway products we need throwaway pricing. Which is why Im all for cheap Chinese cars. Not like legacy brands makes good quality, reliability, affordable products anymore.
Nah there's a big market for 10+ year old cars from reliable brands, especially for people who know how to do their own maintenance.
@@elmateo77for ice cars yes 13 years old Camry is pretty expensive in Thailand & Malaysia. But for EV they're throw away after 10 years because Chinese cars only need to last 10 years.
You have about 8 seconds to get out of the car when the battery melts down before you melt down with it. About 4 of those seconds will be you realizing what's happening.
Some things shouldn't be knock off.
I am loathe to give up my 2005 Audi TT 3.2L. No touchscreens, no infotainment, no turbo, only two really hard to use cup holders, plenty of cargo space, but only 2 really usable seats. It doesn’t even have power seats, although they Are heated.
Just a simple, pure driving machine that still looks like a work of art. Modern cars are over complicated eyesores at ridiculous prices.
11:40 she looked at us
All we want is a N/A, high displacement, moderate powered engine paired to a simple torque converter automatic or a manual 6 speed. Keep it simple, affordable and easy. That's literally all we want.
If you compare maintenance and fuel costs for 1 million of whatever units (km/mi) for a vehicle with a large deforced everlasting cast iron block like the 2UZ-FE doing 13-20MPG (e.g., on a TLC100 or a Lexus LX470) vs a modern all-aluminum small-battery hybrid doing 45-50-55MPG - you may find it is cheaper to drive the proverbial million in 2-3 newer hybrid vehicles vs 1 "eternal" TLC100/LX470.
As someone who loves trucks. I don't want to pay a 100k for a truck I'm going to drive to work and here and there.
They turned them into status symbols more than they are practical.
I don't care for the bells and whistles.
CD player and radio and AC and heat. That's literally all i care about. Everything else is just something that'll eventually be unfixable.
The biggest miss here is you failed to mention the stick, the carrot is the subsidies etc. The stick is if they don't sell EVs then they can't sell anything. There's quotas for large companies that require the sale of EVs. Its quite possible these may change but the EU keeps demanding more electric cars sold per non electric with reduced leniency for hybrids (part of why they are dying). In order to sell the best sellers that are still petrol they must sell the EVs even if at a loss as otherwise they can't sell the cars that actually make a profit. This bs is all a failure of government policy and in the long run if continued will kill the mass market car industry but maybe that was the plan all along.
Yep time to drop all those stupid regulations mandating EVs. Honestly EVs should be banned now seeing how dangerous they are when they catch fire.
Dont forget these same manufacturers and large dealer networks are the ones constantly lobbying for increased tech requirements.
Creating barriers to entry.
0:25 - that Jaguar logo is either really timely or aged like milk
A guy parked his 1968 C10 pickup truck next to me recently. It was a perfect size..next to these overblown gigantic pig boats next to it
Yes, I read about the study that most EV owners wanted to switch back to ICE. But you FAILED to mention that the same study found Tesla owners were the exception, that they DID plan to stay with Tesla. I have owned 4 different types of EVs and currently have two Tesla M3s. The short answer is the EV charging for those other cars sucked it. That is why they are giving up and going to the Tesla charger standard.
I just want an affordable basic truck with a diesel-electric motor, 4-wheel drive, and a radio. I don't need electric windows or door locks. I don't need an extra cab. I don't want heated or cooled seats. I don't want a fancy laser key.
Again, I want a simple truck with a radio and good mileage. The tech has existed longer than I have. Just put it together.
The closest thing that I can think of NEW is a Tacoma SR with the utility package. I think you’d have to go back to the 90s American trucks to get something that checks all the boxes.
Sorry, can't do that. Market thinks you need a shiny luxury 4 door mobile battleship that gulps gas
Personally, I'd keep the electric locks and windows; don't need to be able to do it from inside the house, but being able to get the back windows down without Spider-Man'ing it or child-locking the doors works for me. (And crikey, they've been pretty consistent since the 80s, so fairly established technology.)
The only thing that's remotely new (like, within the past 20 years) that I really like is USB ports (for both AUX and charging); and given the charging ones essentially just replace the cig lighters, not even that hard. (And I really like loading up a thumb drive with MP3s and using that for music (or occasionally audiobooks) instead of whatever the radio shitscape is nowadays.)
@@Sephiroth144 If we are adding that, the software must be open source.
@@alexzanderroberts995 Actually, on that note, I'd really like EASE OF ACCESS to the onboard computer (if there is one); let a simple USB connection to a basic phone app explain what the dang Check Engine Light is complaining about. OS or Proprietary, lemme see what the dang issue is locally.
(Also, no remote access- don't want forced updates or otherwise people sniffing my car unless they literally plug into it physically.)
The EV credit was a mistake. They should have thrown that tax money at charging stations if they wanted wider adoption.
No they should have added a tax to every ice car to make them cost parity and spent the tax on charging infrastructure and trains.
@@Nun195taxes are already unpopular. Taxing something you already had for "free" is basically killing your political career, sadly.
Unless you live in BFE, take a look around next time you are out. You will be surprised at just how many charging stations there are out there already. And on top of that, take note of how many garages are attached to the 100s of millions of homes out there. Every last one is a potential EV charging station.
You need three things in abundance:
- lithium batteries
- charging stations
- power supply
The first and second are remarkably resource intensive, and we are investing in poor ROI power.
I can think of a few times in the past 30 years where Toyota got a ton of bad press for manufacturing/engineering issues. Maybe social media wasn’t as developed and ubiquitous or immediately available to people as it is now, but they got tons of attention in the legacy press. I wonder if the people making a huge deal out of Toyota’s current reliability/recall troubles remember the frame rot recalls for the third generation Tacoma or the “phantom accelerator” scandal involving certain Priuses/Rav4s/Camrys of the 2000s, etc. Hyundai has recalled millions of cars over the past decade, often for really scary things like “possibility of spontaneous engine combustion” and don’t seem to be worse for wear for it.
What’s so hard to understand. People want cheaper more reliable cars! Everyone is sick of going to criminal car dealerships for overpriced unreliable cars that are only built to last just long enough to make it past a warranty date.
I wish they had initially tried to push Hybrid vehicles instead of over investing in fully electric vehicles before the infrastructure was in place. This would have allowed Hybrid technology to continue to improve, without the reliance on charging stations and infrastructure
It’s not really practical to have an EV in a lot of places
1:53 Jaaagggsss... always had reliabilty problems :-P
Yes the poor ground on the gearshift was always fun.
@@smg1707 my mum had yo give her beloved x-type away due to a potentially self-destructive transmission.
I loved that car, and would love to have one
Facts
Same applies for land rover and range rover
Jaguars the worst
The biggest issue with EVs is pricing. Honestly...I bought my Octavia 11 years ago on order for 23k€. Getting the same car now would cost me around 30k€, already pretty steep for a pretty rational and economical car. But if I buy an EV, I want to have a battery of ~80 kWh because I otherwise my weekend trips to the mountains will require me to charge on the way back, something I do not want to do if I can cheaply and comfortably do at home. An EV would slash my fuel bill in half, saving me around 1000€ per year. But at around 50k€ for an EV there is no way, I will make this back within the lifetime of a car.
I am a bit itchy to try out EVs because charging at home would be so much more comfortable than going to the gas station 2-3 times a month. There are good cars on the market now, but they are simply way too expensive. There is no reasonable used market. So at 200 000km, I will just wait what the market brings in 3-5 years and see what the market has to offer. So far, I am pretty skeptical, big batteries are always placed as part of the luxury line and the used cars of tomorrow are the ones sold today.
My little 66kWh Bolt goes up and down the mountains here in Colorado just fine.
A stock Tesla beat the Pikes Peak Hill Climb record, and modified EVs are shattering what gas cars can do.
EVs excel in mountains thanks to regen braking. Use up power going up the pass, then get some of it back coming back down.
Besides, why are you so against charging up in the mountains? Aren't you going to stop for a few minutes and enjoy the scenery, have some lunch, drop a deuce, or something?
Or do you literally just drive up the hill and down the hill?
The first weekend I had my Bolt I drove from Denver to Grand Lake. Charged for a couple hours at a free lvl 2 charger in town while I wandered the shops and ate lunch. Got back to my driveway with 60% left in the battery. And that's with a marginally efficient 7 year old EV that cost me $15k without any kind of incentives.
I would argue that 23k to 30k price increase in 10 years is to be expected with a 3% inflation per year. Not a steep increase.
@@Jcewazhere I don't care how fast somebody can drive up a hill. I am not a race driver.
The issue is range. A round trip for me is typically 250-350km and I do not go there for the view from the road. I go to the mountains for hiking, climbing, skiing, ski touring, ice climbing,...and that will most often involve parking in the middle of nowhere with no infrastructure whatsoever. The alps are not as remote as some stuff in America, but if there is no charger at hand, I may just be 50km away. It does not matter.
And even if I am at a ski resort...one resort has recently added 10 chargers for hundreds of cars. People would have to come down from the mountain after 4h to repark their car in ski boots.
The last thing I want to do, is add another 25 minutes to a 2,5h drive after a very long day just for charging all while paying 60-80c/kWh on a fast charger when I can do the same at home for 30c/kWh or even cheaper on a sunny day thanks to solar. I have done the math, in winter, I would just get by with an 80kWh battery.
All manufacturers would need to do is throw out all that luxury crap from their cars and sell me one that is just driving reliably and reasonably comfortable at a reasonable price. I do not want any half-self-driving, I do not need any electric seat adjustment, ugly large alu rims on my tires, SUV optics, etc., I just want one with the big battery. How hard can it be to make one? The Octavia, I own, is exactly that. A reasonable family car, lots of space, cheap to operate, very reliable so far...
@@neodym5809 Nobody would expect a TV or phone to get 3% more expensive every year just because of inflation, quite the contrary. As technology progresses, the same product gets cheaper and cheaper. R&D is amortized, production simplified, there are economies of scale. Cars can be in that category, too. For a very long time, car prices have actually been trailing inflation by quite some margin. However, in recent years, margins for many manufacturers have skyrocketed. Solid double digit margins do not come from matching inflation, they come from outpacing it. And for the concrete example of the current Octavia, the base model is filled with stuff that I would never buy and many people did not buy in 2013, stuff that drives up the price.
@@neodym5809it's more that expectations increase and the cars from 10 years ago could just barely do a short commute on a charge. The Evs are just now starting to hit close to ICE parity but still have much less charging stations. And the ones that do thst are almost triple the price.
I'm still driving my first vehicle from high school. I'm 42. Why do people buy new cars? I understand a business or maybe someone who travels for work, but a well maintained (older) vehicle will usually run forever. If something goes wrong, parts are cheaper, and bonus points if you can diy fix it. I'm to a point I could car less if car companies go under.
Bro same here still drive a 99 civic. Its rusting out because of the winters, but I have 3 other spare civic’s hahaha!
6:16 Let's not ignore that their cars were also awful and it's literally the 3rd time Fisker went bankrupt.
I can't think of a single example where a company reused a body shell and had an amazing success on the second, or third time around, like you point out. It was gorgeous when it came out in 2007
Love the Libertarian framing of the whole video. Everything is the fault of regulations, not the actual climate issue that those regulations are addressing.
And with regard to the charging infrastructure, look up Oslo, Norway. They converted their city parking meters into chargers, so rather than paying for parking you pay for charging and the money goes to the city. Charging infrastructure problem solved 👌
No one is targeting affordable EVs, the only options below 30k charge so slowly. For people looking at higher end cars, EVs are great but people don't trust the charging infrastructure due to the news reports on reliability issues.
It's also due to how currently it only works for homeowners or people with reliable access to home changing. Having what's basically a gas pump in your own garage at all times is amazing however people who park in the street or at a garage don't have that luxury.
@@ThatSpecificIndividualit always comes back to housing. And ofc no one at this point need to be told how bad housing is.
Yeah, EVs definitely have limiting factors. Most of the decent ones are newer, and combined with companies being quicker to write off EVs than ICEs, means insurance costs are higher. Range varies greatly with temperature, as well as other factors. You want that at home charging, and the special charger to get a decent charge rate. For long trips, you will want to plan your stops around your recharging, and no easy signs alongside the freeway about it, unlike gas stations. Battery replacement cost, plus improving tech, and the things mentioned previously all combine to mean resale values aren't ideal. And so on.
For saving money, you're really better off buying a cheaper used car. And if you like taking long trips, you'll probably want to own an ICE vehicle as well. And for most people, a plug in hybrid is the more economical choice.
I don't regret getting mine. Quite like it, but it has obvious drawbacks that would make it less than ideal for most people.
Evs are not great.
They also have batteries whose failure not only ruins the vehicle, but can cause brick-melting fires.
Oh dear, no Jaguar production!? Has WW3 already began? I once worked for Ferrari's reseller in Sweden (Ferrari is the strongest brand name in the world!) The marketing manager drove Jaguar. Because ladies over a certain age don't drive Ferrari, they are for car sport enthusiasts. My first day on the job I asked her if Lamborghini is a major competitor:
"- Absolutely not! Completely isolated markets. Only soccer players and greasers 'travel in' Lamborghini!"
('Driving' a sports car is different from 'traveling in' some car, I soon understood.)
"- The King likes sports cars, he's in the news now and then when he gets fined for speeding and uses a coin with his face as ID when the police asks for it. Is he a customer here?"
"- But of course! As if it could be in any other way? His brother-in-law is our sales representative."
By then I got the feeling that I had already spent my new-on-the-job allowance of stupid question quota. So, no new Jaguar for her this year?
Jag head of business in Germany was highlighting the majority of the Pace series of jags sold (to individuals) was to women across ages, but skewing younger.
So he was a bit bullish on the rebrand for helping to solidify that market.
However Germany is a bit special for jag as BMW, Audi, and Mercedes are so dominant.
@@3_character_minimum I haven't looked at any statistics, but my impression is that women like Jaguar and French cars. And BIG cars (i.e. SUVs).
But any youngish and rich-enough woman considering a sporty Mercedes cabriolet, I think would prefer a Ferrari Portofini. The problem is that they don't even consider Ferrari. Their marketing is conservative, and obviously that works fantastically well!
You have to make a "Ferrari career"! You can't buy the more exclusive models if you haven't already bought the entry level Ferrari models. Reserved for multi-decade customers only. That's how you make those who are rich enough to buy anything, desperate to get their hands on an exclusive Ferrari! Because they can't, and it drives them crazy because their business rival has one.
It was not my job at all but marketing is fun to speculate about, I suggested they (the Ferrari reseller) buy and put the best Mercedes there is, next to their Ferrari Portofini in the showroom. Because the contrast is striking. That Mercedes will look inferior for ever after, having seen the two of them at once.
"- Darling, if you really love me, you buy me THAT car, not that one."
Ferrari IS the best car in the world, but with the sport image. Bentley is the best car in the world for everyday pratical use.
Very strange that Ferrari doesn't win Formula one anymore. It's part of Ferrari's brand name. What is it now, "Honda"? I didn't know they made vehicles with more than two wheels in the Philippines. The King will never buy a Honda.
4:02-Those subsidies weren't supposed to be permanent anyway.
Eh, isn't that the same point the video makes? Like they are ephemeral and now they are drying up it's impacting consumer appetite for EVs.
@bloopbleepnothinghere
In the video is treated more like an extra cause for the disruption.
@@maestrulgamer9695 The subsidies accelerated, and to an extent enabled disruption, so yeah the video is correct.
EVs have a few huge issues. First, there isn't the charging infrastructure for anyone that wants to travel. So, people that can only afford one vehicle and want the option to travel won't pick an EV. Second, the big advantage of an EV is charging at home. But, so many people can't afford to buy a home and have their own charger. These two facts really limit EVs as a second or third vehicle (meaning someone that has quite a bit more money than many people) to homeowners.
As to the rest of the car market, vehicles are simply too expensive. People need inexpensive and reliable. Why do you think Toyota sells so many Corollas. Some brands don't even have a vehicle that starts under $30,000.
Tesla and Chinese car companies are the automotive future. Simple
It would be interesting to see a new company that only sells super “basic” gas powered vehicles. Stripped of all the “unnecessary” extra features and electronics, 2 seater and a high mpg. Sure all these brands have an “entry” model but they def make it seem like you’re missing out on not upgrading to the next model. You need something between a go cart and regular sedan.
Can't do that because of mandatory mainly EU regulations.
Im a UAW worker and im sweating bullets right now. I work at the OLDEST continually operated plant in North America and the guarantees from our union rep arent exactly as assuring as they were im 2014. Lately all ive been hearing is "Save your money". We. Are. Fuk'd. 😢
If it's any consolation upper management will be perfectly fine, they'll go run another industry into the ground.
@kenon6968 ABSOLUTELY. literally ALL of the decent managers left before they got fired for doing their jobs too well. They LOOOOOVE when the idiots are in charge. 😂😂😂
@@thetrapboy and when the hammer falls it will be same narrative that it's the UAW which is keeping American cars from being competitive. Nah it's the fact that the big three used to build for the world, and now only build for suburban soccer moms and quarterly earnings reports. I hope things work out for you brother either way
Making things is for poor countries full of people who smell funny. We shuffle papers and make low-quality media in this country!
@robertbeisert3315 eventually shuffling papers is handed to computers & robots. And AI is already being used in place of people on media.... then what? More government make-work programs like the IRS?
It's BS how they force us to buy over tech laiden cars, some people like myself just want a new car for it's new engine and chassis and components. Give me roll up windows, a basic am/fm radio, A/C, heat, all I need and want. I don't even use the USB port in my car! No, I don't need a 7 inch LCD display! It's insane how expensive new cars are now!
Bring back small manual cars to North America!
People need reliable, inexpensive, cars that get them from point A to point B. They do not need the expensive hot garbage that almost every company is pushing today. Further, they shouldn't be a shoebox or unsafe.
Everything has gotten worse, and more expensive, and that is not how technology and 'innovation' is supposed to work.
I'm a product manager in the EV infrastructure industry.
I have an electric Jaguar i-pace (that I bought used)
In Europe, the charging infrastructure varies widely by region and country, But luckily the population density and the amount of medium-sized cities allows you to have an ev without feeling bit of range anxiety. It's like you start everyday with a full tank of gas.
In the USA charging infrastructure is still in its infancy. There is a format war that is over, but we're still feeling the effects of the transition from. CCS1 to NACS charging. Basically just as the market was starting to take hold, Tesla released its charging standard as an open format and Ford and GM made a unforeseen strategic move that shook the whole North American market.
It was like a giant reset button for infrastructure in the USA.
Hit 240k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in September 2024..
I would really love to know how much work you did put in to get to this stage
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.
im so disappointed in youtube gate keeping this video from me for 1 minute
Everything in business and government tends toward complexity because of so many people needing to be paid. More regulations, more complexity, more parts, more people.
Is why there is a huge number of big empty second homes while the working class struggles to keep roof over head.
Coercive government mandates have also played a role in the bad decisions that auto-manufacturing suits made.
2:45 England catching strays
If you let the chinese cars enter the market without tarifs, no one would change back into a combustion car or a Tesla
The Chinese cars will combust themselves.
Rubbish.
Don’t know about the ICE, but yes people would absolutely prefer the BYD, Xiaomi, etc. because of the significant price and quality advantage.
Public Transport, let's go!
The impending electric car doomsday. We will pay dearly for the overproduction of cars and the underfunding of public transport.
Hell no
*closes fairytale book* Yeah, like that's ever gonna happen
The cyclist rings in support.
@@jamesrobertson7623It will happen anyway when the cars continue to be unaffordable.
Car companies stopped paying attention to the wants and needs of their customers, instead trying to force expensive crap in their showrooms. And now they're shocked that they're teetering on bankruptcy
small issue is that even working class is not able to by family car. Due too current situation i will look to my wallet before buy "premium car". I don't need to buy car every 5 years with "luxury staff" over priced.
To add to that, some jurisdictions like Canada and California are mandating EVs. Adds another layer of complexity for automakers.
Any automaker who failed to adopt to EVs were short sighted in their profit making
There is no actual law in Canada or regulation, it’s just the government making claims to look green.
I would assume California is similar
CA may end up forced to abandon their mandates.
@@Ziegfried82 and so will Canada after the next federal election.
@@tomlxyzEVs will have a place but things will change once mandates are removed
Auto engineer of 15 years, I left the industry when I saw that auto industry was on doing 80mph straight towards the Brick Wall of Reality. Charging, power, and transmission electrical infrastructure in the US is WOEFULLY inadequate to support EVs, and the government is so stupid for arbitrarily setting deadlines on the ban of ICE vehicles. The government failed to do its job and provide infrastructure with our tax money. So they forced private industry to invest billions into a half baked idea they never did their part on.
If you want to understand who failed you, I will give you a hint. It's the same people that steal 40% of your paycheck every month.
Liked for mentioning failure of the government to do their part, the part only they can do. And instead they force everyone into a corner and disrupt markets with subsidies.
My personal conspiracy theory is that car companies want EVs to fail. They want to be able to say "Yeah, we tried selling EVs and nobody bought em!"
The best selling EVs consistently are electric bikes- small affordable vehicles that help commuters in city and surburb enviroments where charging infrastructure is highly available and routes are short but full of stop and starts. Yet companies seem to insist that we buy large luxury EVs that we can go camping with. How many truck guys do you know who want to reduce their carbon footprint?
My favorite example is in the motorcycle industry. Electric dirtbikes have a huge number of advantages against combustion dirtbikes, and the company Alta was prepared to benefit from that until they were bought up by Harley Davidson and put to work on the Live-Wire, an electric cruiser. If you know anything about the owners of Harley-Davidson cruisers, you know they want something loud, long ranged, and traditional- the opposite of an EV.
These companies aren't stupid, I guarantee they have plenty of data on their customers, yet they keep trying to push EVs onto markets that don't want EVs. Why? I would guess the fossil fuel industry is pushing them to or perhaps they've just deemed that switching to EVs would be less profitable in the long run, idk.
Nah these companies are just riddled with 95iq MBA dudebros who have no understanding of their customers.
This is what it is, it's why they keep making EVs with literally empty space where the front trunk should be and pretend they don't understand the first thing about packaging.
You can even see them purposefully putting artificial limits on their EVs so they don't feel sportier than their gas cars.
I don't think they are thinking that far ahead, i think its a combination of political nonsense, stock market hype and social posturing. It seems in general that executives at large corporations these days are incapable being innovative, being dynamic or forward thinking. There just basically nothing more then glorified bureaucrats who just want to get as much as they can before cashing out.
Electric motorcycles are non starters unless batteries go way down in price and up in capacity. Just get an E-Bike
@@kenon6968Asia is full of electric scooters
Mixed reviews is quite the understatement. My feeling of complete indifference is the most positive reaction I have encountered