Tag: old cars
One dollar of depreciation in four years.
Fifty-five miles per gallon.
Forty-eight thousand miles.
I may have very well owned the cheapest car in America a few years ago. Back in 2009, I bought a 2001 Honda Insight with 145,000 miles for all of $4001 at an auction. After four years and with 193,000 miles, I sold it last year for exactly $4000.
That’s all well and good, but let’s face it folks. I’m in the car business. Plus, a first generation Honda Insight is pretty much a cheat when it comes to cheap cars. It was designed with stingy bastards like me in mind who use the edge of the technological envelope instead of individual ingenuity and improvisation.
That Insight was a cheap car… but definitely not a beater. Why? Too much money and too few stories about personal travels and other unique mayhem. To me, a beater is a concept that has far more to do with the owners than the actual car.
An unsellable car comes in many forms.
The three-door minivan. The stickshift attached to a non-sporty wagon. The Daewoo. The conversion van with design graphics rooted in sexual fantasy.
Then there is this car. A car designed in the Reagan era with a cheap plastic grille, an even cheaper plasticized interior, and a luggage rack on the trunk that would do Lee Iacocca proud.
God I love this thing. What the hell is wrong with me?
5 cars – 5 sticks = 0 Customer Demand
I hate looking at that equation. But these days, it’s about as true for the car business as Georgia is hot. An older stickshift vehicle that isn’t an all out sports car will sit at a retail lot for months on end.
Nobody knows how to drive them except for those folks who are either too middle-aged, too arthritic, or too affluent to buy an older car with a manual transmission.
Don’t believe me? Well, here’s five vehicles that have become the equivalent of heavyweight paperweights at my humble abode. The funny thing is I like driving them all… I just wish I wasn’t two stickshifts away from driving a different handshaker every day of the week.
They are…. (Read More…)
“You know, I always wanted a…”
Those words are about as common as kudzu at my Georgia car lot.
They aren’t usually reserved for the late model vehicles though. When it comes to the primary drivers, customers are always willing to fork out the money for their dream car.
It’s the second older dream car, or third-string beater dream car that slides down the scale from want to nothingness.
You know what the most popular ‘almost’ car is these days?
When you think of a cop car or a taxi, chances are this vehicle will pop in your mind.
Now think of the cars that old people drive. No not Camrys! Get that thought off your mind right now mister!
Well, come to think of it, that’s a big part of the problem. If any car out there is stuck in the netherworld of wholesale heaven at the auto auctions, it’s this one.
Ah, the good old days. A time when smartphones were just PDA’s with hormone imbalances.
A time of basic cell phones, brick-thick cameras, and camcorders barely big enough to require a hand strap.
I remember all this old tech like it was yesterday, and for one simple reason: I still used all of them until recently.
The age of the American car and light truck fleet is the oldest it’s ever been, according to data firm R.L. Polk. Polk said in 2012 the average age all light vehicles on U.S. roads was 11.4 years, up from 11.2 years in 2011, and 10.9 years in 2010, the eleventh straight annual increase.