Very interesting article………..
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From: Corona Del Mar, CA
2019 SL450, 2019 E450 Luxury Trim Wagon, 2024 BMW I7 xDrive60
Very interesting article………..
Prices going to the moon: https://www.caranddriver.com/news/a4...d%20Last%2030D
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"Set that against an economic backdrop that has seen the richest members of society grow their wealth at a rate far outpacing everyone else, and you have turbocharged growth at the very highest echelon."
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MBWorld Fanatic!
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From: Corona Del Mar, CA
2019 SL450, 2019 E450 Luxury Trim Wagon, 2024 BMW I7 xDrive60
Yes. In other words, everyone short of the really wealthy is getting the shaft without any Mobil One!
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From: Boston
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The real story why there are so many 'wealthy' car buyers appear suddenly is this: The government gave all kinds of loans to people without proper vetting during Covid. Those newly rich people went out and bought plenty of luxury goods including cars. Same effect as when a poor person suddenly wins the lottery. We've calculated that several billions dollars are out there in the hands of people who had cheated on their loan application.
Some are and have been getting caught driving Bentley but it's rare.
The flip side is for everyone else there is a period of huge inflation thus making them much poorer than before.
Some are and have been getting caught driving Bentley but it's rare.
The flip side is for everyone else there is a period of huge inflation thus making them much poorer than before.
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From: Costco
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I read another article where manufacturers across a broad spectrum of goods are essentially just jacking up prices just to see how far they can go before the demand/price ratio takes a negative turn. For example, bags of Lays potato chips are anywhere from $5 to $7 now at a typical grocery store.. It’s ridiculous and these companies are openly and blatantly toeing the line until people stop buying them. I’ll try and find the article, but if a lot of people pay these ridiculous prices then obviously that price is right.
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