Why Wealthy Buyers Suddenly Dominate Car Sales In The U.S.

[Tragic Bronson]

While the average Americans have a hard time paying their loans or getting new ones, automakers and dealers are posting record profits. And it's all thanks to the rich. In the past five years, the share of people buying cars above $50,000 have increased by several-fold. Chasing the rich is the new growth strategy in many industries, including autos. Watch the video to learn more about how this shift happened and why economists warn it's risky.

 

[CRSKTN]

It's an "everything sales" boom for the rich.
That's the fucking problem. I'm so sick of half my friend group having boat money and the other half giving up on owning a house.
What the **** is wrong with people.

 

[mikeavelli]

It's an "everything sales" boom for the rich.
That's the fucking problem. I'm so sick of half my friend group having boat money and the other half giving up on owning a house.
What the **** is wrong with people.

All of this…..

 

[carguy420]

A bunch gets all the chances and opportunities thrown at them (mainly through nepotism/favoritism), while the others that don't have any special connections or aren't the "kinds" (the word starts with 'r') that get preferential treatment by the government get the scraps, and if you complain about it, you'll be silenced immediately. That's how it has been Malaysia, and it has become even worse since the 2000s because the salary from average jobs alone is no longer enough to safely start a family, buy a decent house and a decent regular car without getting neck deep in debt, and I'm sure you can roughly figure out who are the ones that are benefiting from the inflation and increasing wealth inequality.

 

[Och]

The rich getting richer, the poor getting poorer - what else is new.