Car Inflation Driving Record Costs

Average cost of new vehicles went up another 10%, average monthly payment now $743 & Tesla wants $26K to replace an EV battery, yet Joe insists Inflation Reduction Act will put pennies in our pockets by 2030.

Aside from moderating pump prices (still over a dollar more than when Biden took office), the fun for motorists is non-stop these days. According to Cox Automotive/Moody’s Analytics, a record 42.6 weeks of income is now needed for average schmo to buy a new car, compared to 37.7 weeks at the same time in August, 2021. That’s because prices of new cars have continued to spike on both a monthly & yearly basis, at least, per the latest CPI data released by DOL.

Meanwhile, Fox Business told the story of a Canadian Tesla owner who claimed the automaker had locked him out of his $140K used car until he pays $26K for a new battery. Apparently, Mario Zelaya posted a video on TikTok saying his “piece of trash” car died & that the car is locked so he can’t even get in it. He said he bought the car in 2013 but said models from that year and 2014 had issues with fluid from the air conditioning system leaking onto the battery. What? Does Mario not realize that by buying a Tesla, even one that gets locked on him, he’s joining the green crusade to save the world? Maybe join some other responsible “Tesla owners [who] have voiced frustration about the electric vehicles, including a group in Norway that went on a hunger strike last month”?

Davd Soul