PT Cruiser Forum  
Advertisements
       

Go Back   PT Cruiser Forum > General Forums > PT Cruiser News and Rumors

PT Cruiser Forum

Advertisements
General News

 
Like Tree29Likes

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 24 Dec 2018, 07:25 am
Senior Cruiser
 
Join Date: Jan 2013
Posts: 1,220
Default General News

GM announced it is laying off thousands of workers, closing plants, and ending some models. Chrysler killed off the 200 and the Dart. This worries me, as they are depending on the high priced/high profit vehicles to sell well enough to keep the money flowing in. I'm smelling a recession coming on for the middle class. Stock market, GM, Sears, Verizon, etc. When people lose their jobs they usually end up with a lesser paying job, and then can only afford a lower priced car. Chrysler doesn't have much to offer right now. A practical PT Cruiser type car for say $20 to $25 thousand would be a good seller. [V-6, removable rear seats, 10% larger, 30 MPG]. Not everyone wants or can afford a $50,000 pick-up.
Reply With Quote
  #2 (permalink)  
Old 25 Dec 2018, 12:22 pm
Regular Cruiser
 
Join Date: Jul 2016
Location: east central wisconsin
Posts: 106
Default Re: General News

Everybody's having difficulty selling their smaller sedans. Forgetting how to build them is a mistake though. Won't be able to give away those thirsty vanitymobiles once gas cost more. It's happened before, it'll happen again. That's how Honda, Datsun and Toyota got a foot hold in the American market. My fathers Oldsmobile got 8 mpg when gas in todays money would easily be over $10 a gal.
Fk5 and Handy_Cruiser like this.
Reply With Quote
  #3 (permalink)  
Old 25 Dec 2018, 01:29 pm
Handy_Cruiser's Avatar
Obsessed Cruiser
 
Join Date: Oct 2013
Location: Arkansas
Posts: 10,046
Default Re: General News

Yep. The stock market has been down evey since Democrats got the House back. And the tariffs aren't helping either. Both parties have blame for all this. Plus the Fed is putting out very worrisome indications. The economy has grown so much in the last two years that a correction had to occur at some point.

The good news is that job growth is continuing even though it's not in the automotive sector. Mini Cooper just announced that they are closing their dealership in Little Rock. They just sell Mini's and not BMW's. So their monthly quota was 24 Mini's. And Arkansas just isn't that into Mini's. An accountant that works for my wife just bought a brand new Mini convertible last year. They've already contacted him to say that his service area is now Memphis which is a two and a half hour drive. However, they did say they are planning to run a "flatbed services" for the free oil changes and warranty work. So he is supposed to call the Mini dealership in Memphis and they are supposed to send a truck all the way to Little Rock to pick up his Mini and carry it back to Memphis for oil changes and any warranty stuff. And then they bring it back, all for no charge. It will be interesting to see how that's going to work.
ptprice likes this.
__________________

Last edited by Handy_Cruiser; 25 Dec 2018 at 01:31 pm.
Reply With Quote
  #4 (permalink)  
Old 22 Jan 2019, 05:18 am
Senior Cruiser
 
Join Date: Jan 2013
Posts: 1,220
Default Re: General News

The wifey's old Olds 88 got about 15 mpg highway, maybe 10 around town. I had to work for 1 hour to buy 13 gallons of gas.

The chaos in the government, the trade wars, the tariff unknowns, and an unstable president [as believed by many] all contribute to uncertainty in the stock market. As well as the newly legislated mounting debt.
Reply With Quote
  #5 (permalink)  
Old 22 Jan 2019, 05:29 am
Senior Cruiser
 
Join Date: Jan 2013
Posts: 1,220
Default Re: General News

Just saw a bit of info about Formula E racing. Similar to Formula 1 cars but powered by batteries/electric motors only. Zero to 100 in 2.8 seconds! And they have a section of the track that charges the batteries a little as they drive over that section.

Harley is coming out with an electric/battery powered motorcycle maybe as soon as this fall. 150 mile range. Very fast.
Handy_Cruiser likes this.
Reply With Quote
  #6 (permalink)  
Old 22 Jan 2019, 10:34 pm
oldthom's Avatar
Regular Cruiser
 
Join Date: Aug 2017
Location: Lockhart, Texas
Posts: 125
Default Re: General News

This shutdown has shown us how weak the "middle class" is. One month into it and folks are at the food pantry and wondering how to pay the rent. You would think that the FBI and NASA people would be making enough to be considered middle class. Even the Coast Guard is at the pantry. Instead of Middle class, high earners, and rich, it is more like us and them. I guess I didn't realize how bad off the economy is. A recession cometh?
__________________
2004 LE "Dolly" 61K miles
Reply With Quote
  #7 (permalink)  
Old 23 Jan 2019, 08:32 am
Veteran Cruiser
 
Join Date: Aug 2015
Location: Lake Wales, FL
Posts: 4,509
Default Re: General News

Man, there hasn't been a "middle class" in a LONG time. It's either those with money or those without money (me). But, as long as I have God in my life and serve Him, I've always had exactly what I need.
oldthom likes this.
__________________


Ignorance can be educated, crazy can be medicated, but there IS no cure for stupid.
Reply With Quote
  #8 (permalink)  
Old 23 Jan 2019, 09:01 am
oldthom's Avatar
Regular Cruiser
 
Join Date: Aug 2017
Location: Lockhart, Texas
Posts: 125
Default Re: General News

Can't argue with you their Chuzz.
__________________
2004 LE "Dolly" 61K miles
Reply With Quote
  #9 (permalink)  
Old 23 Jan 2019, 10:37 am
Handy_Cruiser's Avatar
Obsessed Cruiser
 
Join Date: Oct 2013
Location: Arkansas
Posts: 10,046
Default Re: General News

According to the Pew Research Center, about half of American adults lived in middle-income households in 2016. In percentage terms, 52% of adults lived in middle-income households, 29% in lower-income households and 19% in upper-income households.

Size-adjusted household income and the cost of living in different areas are the factors used to determine an income tier for a specific area. But in general:

* Upper-income households had incomes greater than $135,600 (all figures computed for three-person households, adjusted for the cost of living in a metropolitan area, and expressed in 2016 dollars).

* Middle-income households – those with an income that is two-thirds to double the U.S. median household income – had incomes ranging from about $45,200 to $135,600 in 2016.

* Lower-income households had incomes less than $45,200.

According to the good folks at Pew, a family of 3 in Arkansas needs to make around $41,000 a years to be considered middle class. But in California up around Sacramento, it takes $47,000. It's MUCH higher than that in the larger California cities.

I believe one of the strongest factors in determining the strength of the middle class is home prices. Where I live in a suburban town outside of Little Rock, the average home price is $132,600. That's it. A 1,500 to 2,000 s.f. brick home less than 50 years old in a nice neighborhood is less than $140K. And the same home in the rural town where I grew up is under $100K.

But in a suburban town outside of Sacramento, the average home is $460,300. So how is someone with a lower middle class family income of around $47,000 going to afford that? And even if they made $100,000, what would happen if they miss a paycheck? But with a $132,600 home mortgage, the margins aren't near as close.

Just something to think about. Most goverment folks here work for the DOD which is fully funded. But my sister-in-law works for the Dept. of Agriculture which isn't. And she handles the farm loans and subsidies that other folks in my family need to run their farms. Most folks in this situation can handle missing one paycheck as long as there's a promise to get that money later. But missing two paychecks or going a month without your farm loan is when the pain is really going to start being felt here.

PS: One of the best stop-gap measures to cover Federal Workers would be to let them borrow against their TSP (federal IRA) accounts. This would provide most of them many months or more of income while folks in Washington try to sort all of this out. Additionally, the Fed could then pay them for the lost interest equal to that of the "G Fund" which is the safe-harbor fund. It's currently around 3% annually and that's more than most regular stock funds in the TSP are paying right now. So along with the back pay, it would make well over 99% of federal workers whole again once the goverment gets started back up and running on all cylinders.
ptprice likes this.
__________________

Last edited by Handy_Cruiser; 23 Jan 2019 at 10:50 am.
Reply With Quote
  #10 (permalink)  
Old 23 Jan 2019, 11:17 am
NitroPT's Avatar
Obsessed Cruiser
 
Join Date: Jun 2012
Location: USA kalyfornia
Posts: 15,404
Default Re: General News

Are all the threads on our forum going to go into politic's......?

I think it is almost like talking about what oil to use in your PT Cruiser.... Lots of personal opinions, many facts are never really completely posted, and in the end its all what we personally believe!!


I really think someone should start a "GRIPE" thread where it would be more appropriate for all the Bull shit.
chuzz likes this.
__________________
Dalai Lama
"Share you knowledge. It's the best way to achieve immortality."
ASE MASTER TECHNICIAN
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
General Culprat General Turbo Discussions 3 19 Dec 2012 01:31 am
good news vs. baD NEWS careyk General PT Cruiser Discussions 3 30 Nov 2008 03:46 am
News Flash: Amish Country Cruisin' 2008 news Lucky7 PT Cruiser Events 1 07 Apr 2008 07:04 am
Good news/Bad news KingKole02 Tech & Performance Forum 3 19 May 2004 02:53 pm
Good News...Bad News A.C. Classifieds: For Sale/Trade 3 17 Apr 2004 12:29 am


All times are GMT -5. The time now is 10:20 am.




Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.6.0 PL2 © 2011, Crawlability, Inc.
vB.Sponsors