Another inflation indicator

[LVSteve]

5' 11', 220 lbs, and I like my Ford F250! Something about small cars...they just never appealed to me. But that's probably a lifestyle thing, always owned nothing but pickups and used them as such.

Having been raised in England and learning to drive there, I am OK with smaller cars. I am also 5' 11" and weigh about 180 lbs. Even so, I have found the seats in a Versa rather narrow across the shoulders. The Sentra is far more comfortable, much more refined, and with very little gas mileage penalty for these improvements.

 

[LVSteve]

I bought my 2019 Nissan Versa Note used in the midst of the Covid used car shortage. It was the only basic compact on the lot, and I needed a car "now" as my paid-for car was totaled by a negligent driver who ran a stop sign. These were built in Mexico at the Nissan factory there. Don't think it was a UAW house.

Had a Versa Note as a rental on Maui. It was the right size of vehicle for the road to Hana. I felt a little sorry for those who had come as a larger group requiring a minivan or large SUV.

 

[glenwolde]

As the accountant said.....tell me what you want 1 + 1 to be and I'll make it happen.

I think that's the guy that did my Brother-in-Law's taxes. That didn't work out well.

 

[ladder13]

Only very wealthy people believe inflation is going down. It is out of control.

And many believe that to be so. Perception matters.
The interest on our debt is approaching $1T this year.

September consumer confidence falls the most in three years

"Respondents' concerns focused mostly on jobs and inflation"

 

[ridewv]

Looks like mine only increased about 12% in 6 years so not too much.

I bought a 2019 Corolla Hatchback SE manual transmission (1st year of total redesign) with the only option being $120 rubber floor mats. MSRP with freight was $21,150. (CVT was a $1,000 option).

2025 is the same body design, motor, etc., with the manual no longer offered. A 2025 SE with CVT including freight is $24,765 or an increase of only 12% (over $22,150) in 6 years.

 

[GypsmJim]

There is now only one 2025 model year car you can buy new with a list price of under $20k, the base Nissan Versa. SMH.

(Don't worry about the access message, the link works)

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Pffft. I see inflation, but at my house it's working out well.

44 years ago I bought a brand spanking new Pontiac Bonneville. $7,100 cash out the door. I've kept it in pristine condition all these years and it only been a second car.

Just had it appraised and its value is now $12,000. I had an offer for it earlier in the Summer.

OTOH, if milk prices keep increasing I may just have to sell it to eat.....

 

[SafeTFirst]

A nice thought, but the realities of both business and government finances since the 1980s is that accountants have been largely employed to provide the picture their employers require, not record what has actually happened.

The ethical ones refuse to falsify records.

 

[twodog max]

Three years ago I bought 4 all terrain tires for My F150. Less than 800 bucks out the door. Yesterday I bought the exact same make tire size and all 1,286.00 out the door. Yep that is real inflation a couple of places quoted prices closer to 500 a tire.
Best economy ever.... in a pigs eye.

 

[pasound]

Anything manufactured with oil chemicals in it are off the scale of inflation. Can only wonder about corporate profit taking.

10 years ago I had $500 in new tires go onto a wrecker after my Taurus was towed away, hit by a trash truck while parked. 3 years ago, I had $1,000 in new tires go away after my also parked Lincoln was totaled, hit by a neighbor with a phone in her face running a stop sign. Four good new tires for my Nissan will cost me $400. Luckily they were nearly new when I bought it.

Premium tires were $80-90 a decade ago. Big truck tires, $100-120.

 

[Onomea]

Pffft. I see inflation, but at my house it's working out well.

44 years ago I bought a brand spanking new Pontiac Bonneville. $7,100 cash out the door. I've kept it in pristine condition all these years and it only been a second car.

Just had it appraised and its value is now $12,000. I had an offer for it earlier in the Summer.

OTOH, if milk prices keep increasing I may just have to sell it to eat.....

On the other hand,

 

[ladder13]

Three years ago I bought 4 all terrain tires for My F150. Less than 800 bucks out the door. Yesterday I bought the exact same make tire size and all 1,286.00 out the door. Yep that is real inflation a couple of places quoted prices closer to 500 a tire.
Best economy ever.... in a pigs eye.

It's better than Zimbabwe

Hyperinflation in Zimbabwe - Wikipedia.

"The peak month of hyperinflation occurred in mid-November 2008 with a rate estimated at 79,600,000,000% per month, with the year-over-year inflation rate reaching an astounding 89.7 sextillion percent.[1] This resulted in US$1 becoming equivalent to Z$2,621,984,228."

 

[don5]

Think inflation has went down? Think again. Look at the number of people looking at the reloading section on this website. 901 as of right now. Holy cow! That's the most I have ever seen. Everyone is trying to save some money. And I don't blame them.

 

[ladder13]

On the other hand,

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AND
The DOW was 963.99 at the close on DEC 31,1980.Today it closed at 42,208.22

 

[pharmer]

Ponzi did it first. Black Rock, Vanguard, and State Street own 88% of the Dow. They are predicted to own it all by 2028. With the Federal Reserve printing money 24/7 and selling dollars to "members" for 26 cents there's nothing to stop the Dow from reaching 50,000 by 2026, maybe 100,000 by 2029. These 3 firms have an aggregate $25 TRILLION or so "under management" (think EVERYONE'S 401K) so climb aboard the gravy train, we're all gonna be rich. Joe

 

[LVSteve]

Ponzi did it first. Black Rock, Vanguard, and State Street own 88% of the Dow. They are predicted to own it all by 2028. With the Federal Reserve printing money 24/7 and selling dollars to "members" for 26 cents there's nothing to stop the Dow from reaching 50,000 by 2026, maybe 100,000 by 2029. These 3 firms have an aggregate $25 TRILLION or so "under management" (think EVERYONE'S 401K) so climb aboard the gravy train, we're all gonna be rich. Joe

This explains why prices have stayed high. Those in control need to claw back the COVID losses.

 

[ladder13]

[ame]https://www.youtube.com/watch?v=SKRma7PDW10[/ame]

 

[dockmurgw]

Hey it could be worse, we could be Sri Lanka. Check out the cost of used cars in that country.

https://www.msn.com/en-us/news/worl...&cvid=5f4dd81c9b9a4fdd885370162112d2e0&ei=110

 

[Bald1]

As the accountant said.....tell me what you want 1 + 1 to be and I'll make it happen.

I think the point of this post is that stats lie. You can manipulate numbers anyway you want till you get a satisfactory answer.

 

[SafeTFirst]

I think the point of this post is that stats lie. You can manipulate numbers anyway you want till you get a satisfactory answer.

I'm pretty sure that's not how math works. Accounting requires decisions and judgments but a competent accountant doesn't cook the books. That's fraud.

 

[GypsmJim]

On the other hand,

I was just commenting how sometimes inflation can work to your advantage. In this case, though, it may not be a practical comparison. One also has to consider the value of having a drivable car for 44 years.

Regardless, on the other other hand, during the same time period my salary went up by 342%.