AD #2663 – Millennials Pay More for Car Repair, Piech Passes Away, Next-Gen Toyota Tacoma On the Way

August 27th, 2019 at 11:39am

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Runtime: 5:54

0:07 Piech Passes Away
1:04 Millennials Pay More for Car Repair
2:07 China Trots Out Auto Incentives
3:01 Aftermarket Module for Tesla Model S
3:40 Next-Gen Toyota Tacoma On the Way
4:13 Hyundai’s Fold Up EV Scooter

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58 Comments to “AD #2663 – Millennials Pay More for Car Repair, Piech Passes Away, Next-Gen Toyota Tacoma On the Way”

  1. Scott-in-Cleveland Says:

    As far as the mystery vehicle Mopar will bring, I bet it will be the long rumored “Barracuda”.

  2. MJB Says:

    The reason millennials are paying more for repairs than the older crowd is quite simple. When it comes to how cars work, the majority of them are suckers.

    Those of us who know cars know which items can be ignored and which are absolute musts when it comes to repair and maintenance. Not to mention how much we (older folk) save by doing certain repairs ourselves. Heck, Every time I do my own brakes and rotors I save over $1,000 off of what the stealership would have charged me. And let’s not even count the serpentine belts, radiators, starters, alternators, lower control arms, etc….

    Living in the Detroit area, I’m sure there are more than a few millenials who could do that themselves. But there are FAR MORE who can’t.

  3. Lambo2015 Says:

    1 I agree and only controversial due to the Cuda name was tied to the now defunct Plymouth. But hey a Dodge Barracuda is still cool.

  4. Larry D. Says:

    1 How is that controversial? I bet it will be some kind of native American name.

  5. MJB Says:

    #2 – I should retract that comment referring to Millenials as “suckers”. What I really meant to say was that they are simply ignorant when it comes to the mechanical function of automobiles.

  6. Lambo2015 Says:

    2 I believe the study about who pays more for repairs is missing some key information. A lot of the millennials may be driving older used vehicles and hence need more repairs. Or is this implying the similar old stereotype that women payed more because the mechanic assumed they had no idea what was being done and now that applies to all millennials?

  7. Larry D. Says:

    Hey John/Sean

    If you claim you don’t know what that name is, how do you know it is “very controversial”?

    Makes no sense to me.

  8. ChuckGrenci Says:

    R.I.P. Ferdinand and condolences to your family; you certainly made a mark in the automotive industry.

    2,5,6 I think you are both on to some of the reasons for this disparity.

    Toyota has seen the ‘tea-leaves’ and is reacting to the increased interest of the midsized p/u’s; I’m sure they will bring it with its next iteration. And hopefully GM and Ford will not rest, and continue to move the bar (higher).

  9. Lambo2015 Says:

    The Hyundai fold up scooter: So many automakers are working on similar products and I haven’t yet figured out why? Are we going to see large parking lots pop up outside of the cities and then people will finish their commute in the rain and snow on their scooter? (I only assume that due to them having a 12 mile range)
    Or are we becoming such a lazy society that we need a scooter to get us from the parking garage to the building? They always show these devices in sunny California where it might be practical but for the rest of the world probably not 80% of the time.

  10. MJB Says:

    #6. DISCO! Stereotype.

    The same way my 77yr old dad gets a big, fat bullseye painted on his head when walking into Best Buy to purchase a new computer. He doesn’t know a Gigabyte from a overbite.

  11. RT Dunn Says:

    7 If all Mark Bosanac told John was that he wouldn’t reveal the name, but gave him a hint that it would be controversial, then that is what/why John would tease that info.

  12. Bob Wilson Says:

    What a coincidence. My most recent robo-caller also said, “. . . recommending a vehicle service contract that covers most repairs . . .” and asked what vehicle we had.

    I answered twice, “Put me on your don’t call list.”

  13. Lambo2015 Says:

    As I was thinking more about the Hyundai scooter and that it would be nice to have if your car breaks down, even though with cell phones that seems un-necessary. But if you were on the highway you surly would get ticketed for riding a scooter. Which I don’t even know if they have the signs still requiring at least 125CC to enter an interstate. Some states it was even 250CC. So can you technically get a ticket in your Tesla which has no CCs? :-)

  14. Kit Gerhart Says:

    I first heard of Piech when he was credited with turning Audi into a bona fide Mercedes-Benz/BMW competitor. His reputation was not as positive later, with his autocratic tendencies, and possible knowledge of, or involvement with the scandal that almost killed diesel cars, world wide.

  15. Kit Gerhart Says:

    Will the new ‘Cuda be built on the Alfa Giulia platform, or will it be a Challenger with a ‘Cuda grill and tail light kit?

  16. Kit Gerhart Says:

    The current Tacoma dominates the mid-size pickup market, even though it is “rough around the edges,” and not very reliable, for a Toyota. If they do a good job with the redesign, GM and Ford will have their work cut out to even maintain their current market share.

    Honda should probably just quit the pickup truck business. They have the best one on the market for way most people use them, according to both CR and Car & Driver, but it doesn’t sell, because it’s not “trucky” enough. They should probably save their money, when the current Ridgeline is at the end of its cycle.

  17. Lex Says:

    My Condolences to the family of Ferdinand Piech.

    It has been reported that Tesla is looking at building a manufacturing plant in Germany.

    Mr. Musk could I be so bold as to recommend that you look at Hungary as the best location to build your next manufacturing plant. It’s central location in Europe, skilled workforce and moderate cost of living, make it an ideal candidate for your next manufacturing plant.

  18. Lambo2015 Says:

    14 check this link. https://www.allpar.com/cars/dodge/barracuda.html

    It makes sense for Dodge to offer it on a smaller platform as the biggest problem for the Challenger when competing with the Mustang and Camaro was its size and weight. Having a smaller sportscar that is similar in size to the Mustang and Camaro would make for a powerful trio on similar playing fields.

  19. XA351GT Says:

    many millennials pay more because they don’t want to get their hands dirty.Most won’t do their oil changes or brake jobs. 3 oil changes a year for those that drive a lot even with conventional oils will cost over $100 . I was once quoted $500 to change the rear wheel cylinders on my truck. The parts cost 25 a pair. I did the work myself which I had planned to do anyway. The quote was just to see what kind of thieves I was dealing with. I replaced EVERYTHING in the rear brakes less than what they wanted just to do the wheel cylinders .Many Millennials I know barely know how to check oil and fill the gas in their cars. Most have no clue how to change a tire. Which is why there are places teaching these basic life skills to them.

  20. XA351GT Says:

    My guess for the Mopar reveal is a track hawk version of the Gladiator

  21. Kit Gerhart Says:

    18 Interesting. If they do a Challenger or ‘Cuda on that smaller platform, they still need to be able to use the V8, to compete with Camaro and Mustang, at least for now. I’m still kind of amazed at how much mileage they have gotten out of the current Challenger, after 12 model years, and counting, with the help of all of those powertrain choice and “special editions,” etc.

    I’m thinking that they might do well to just keep building the huge current Challenger, which can’t compete with Camaro and Mustang in handling, but it is still selling in reasonable numbers, maybe because it has no competition for those who want an American “sporty car,” but one that has a usable back seat and a big trunk. I’ve seen a couple Challengers at shows that were “converted” to ‘Cudas, with aftermarket parts that looked very nicely done.

  22. Kit Gerhart Says:

    19 A lot of millennials don’t know how to work on cars and/or don’t want to get their hands dirty, but also, I suspect a lot more of them live in apartments than baby boomers and Gen Xers, and might not have a place to work on cars, even if they wanted to. My Florida condo, and I suspect many, or most condos and apartments have rules against working on cars in the parking lots. When I’m in Florida, I have oil changed if needed, but when I’m in Indiana the summer, where I have a house and garage, I do it myself.

  23. Larry D. Says:

    “Within six to 10 years, Mr. Carlisle said, Cadillac’s entire line will be electric.”

    Maybe they mean just dirty plug-ins?

    https://www.nytimes.com/2019/08/27/business/cadillac-brand.html

  24. Larry D. Says:

    22 I know of at least one outfit, used to be called ‘Eurotech”, which leases its facilities to do-it-yourselvers on Saturdays, and charges them a minimum amount for using them and the tools, lifts etc. They were recommended to me, but I was utterly dissatisfied with them the few times I tried to used them as independent mechanics. Their boss is a crook who even had the audacity to joke “Here comes another $1000″ as some poor devil with a car problem entered his shop once.

  25. Lambo2015 Says:

    22 In addition to the interest in working on ones own car, comes the ability. I know a few shade tree mechanics that just have no interest in the modern cars. They don’t own a scan tool and haven’t kept up with the technology. Plus cars don’t need the attention they used to like back when w started Driving Kit a car needed points and plugs and wires frequently (by todays standards) now you can buy a car and other than oil changes and brakes go basically 100K miles without opening the hood. So the need isn’t as great either. People can basically get into a series of 2 or 3 year leases and never be out of warranty. On a 2 year 10K mile lease the vehicle probably only needs two oil changes. So that hasn’t helped spur interest either.

  26. Larry D. Says:

    23 the comments are good 2

    “Michael
    Pittsburgh5h ago
    Times Pick

    The real problem that no one wants to talk about is, the people Cadillac is trying to attract just do not want to be associated with the people who buy Cadillacs.”

  27. Larry D. Says:

    And this:

    “Luke
    Florida7h ago

    I used to buy American cars. The last one was a Cadillac STS-V. The car was great, but unreliable. Two supercharger pulleys, transmission wiring harness, rear axle bearing, etc., etc., all in a two year lease. Every time the dealer experience was wretched – week long wait for appointment (“we can see you next Thursday”), two week wait for parts, constantly having to chase the service department. Stripped budget “loaners”. They lost the car after I turned it in and put a ding on my credit for two extra lease payments while they had the car – even though they had a time dated photo of the car in their lot.

    Polar opposite with the Audi and Porsche dealerships I’ve done business since then. Immediate response. They come and get the car if necessary and it’s done in a day or two and returned washed. Loaners are commensurate to car being serviced. I understand the experience is similar at the Japanese manufacturers.

    I’m never going back.”

  28. Kit Gerhart Says:

    23 The CT6 got one reprieve from being dropped, but given recent sales numbers, it probably won’t get another. That’s unfortunate. It’s a nice car, and looks good, at least to me, but yeah, I haven’t bought one, so I haven’t helped justify their making it.

  29. Larry D. Says:

    and this on the status angle:

    “Stop looking at the car itself…..and start looking at what it represents….status. Once a car, really any car, begins to attract the common man as a buyer, the brand is doomed. Rich folk don’t want to be seen in a car poorer folk start driving. Anymore than they want to live in a neighborhood that less well off people start moving into. Oh you don’t have to be ‘poor’. Just not in their class. Cadillac,then Lincoln then Acura then Lexus then BMW then Mercedes and now Tesla. Everyone drives a BMW now. It’s doomed. It’s like Apple phones. Used to be only wealthy people had them. Now everyone does. Trying to reboot the Cadillac brand is like trying to get people to buy a flip phone again. No matter how many bells and whistles, it’s not coming back. Make no mistake something else will come along for the wealthy to drive. How else can they show they are privileged? And you have no business trying to look like them.”

  30. Larry D. Says:

    But is it just ‘status’?

    “I have owned every kind of car you can own, American, Japanese, German, etc. Rented a new Cadillac CT6 last year, it was a disaster from the get-go. Looked great, but none of the electronics worked properly, had to call GM for help, they couldn’t fix it, Took car back and rented another CT6. Both were slow, wallowed, and quality was no match for BMW or Mercedes — both of which I have owned. Going to take some mighty fixing for me to shell out $60000 for a Cadillac.”

  31. Larry D. Says:

    And a view from the Sunbelt. Mitt ROmney lost the election for having said the right thing.

    “David Gregory
    Sunbelt7h ago

    GM is clueless and Cadillac long ago ceased to be anything aspirational to anyone not wearing white shoes and belts.

    The very fact that they moved the division HQ to New York City- the least car-centric place in America – smells of either desperation or ignorance. I would vote for both.

    Then there is the squared-off chunky styling that looks as if it were marked up by a kid who could not draw a curve free handed. Cadillacs are plain ugly, the trucks and SUVs are thinly veiled Chevy/GMC models and they do not hold their value.

    Government Motors should have shuttered Cadillac and Buick along with Pontiac back when the taxpayers bailed them out. Mitt Romney was right about one thing- GM should have been allowed to go away- our roads would have been immediately beautified.”

  32. Larry D. Says:

    28 I still like the exterior styling of most Caddys (not the Escalade) but just being ‘nice’ is not enough for the consumer to pay twice the price of a similar Chevy.

  33. Kit Gerhart Says:

    32 There is no similar Chevy to any of the Cadillac sedans, now that the XTS is going away, but still, there is a lot of good competition out there in $60K+ sedans.

    There IS a similar Chevy to the Cadillac CUVs, and the Escalade, but those sell reasonably well, unlike the sedans.

    The last Cadillac I drove was the then-new ATS which drove great, but was underwhelming in most other ways, with a small back seat and trunk, an interior that was nothing special, and 1st generation CUE that was, to me, pretty bad. The car I drove was “loaded,” but still price for what it was, with an, as I remember, $40K+ MSRP.

  34. Kit Gerhart Says:

    33 correction …still priceY for what it was….

  35. Kit Gerhart Says:

    Speaking of brands being aspirational, will the Porsche SUVs tarnish the brand, as they get older? Today, I saw a black Cayenne with dull paint, fogged over headlights, and generally, looking like a typical several year old used vehicle that is parked outside all the time in Florida. You don’t see 911s like that, but we will be seeing more and more tacky looking Cayennes, and probably Macans, as they get older, and in the hands of their 3rd and 4th owners.

  36. Lambo2015 Says:

    29 The problem with targeting the rich folks that are concerned with status is it limits your sales. Not that I disagree with the point he was trying to make as its absolutely true. Which is why I found it odd that MB would make the A220 entry level car that starts at $32,500. They want to sell to a larger market but could tarnish the exclusiveness of MB by doing so. I mean lets face it Cadillac is nothing more than a loaded out Chevy with some features that may or may not be found in other GM products. I know my personal experience has been pretty good with Cadillac but that’s a insignificant sample size. They really cant do anything to ever expect to pull in the kind of prices that MB does. Nor should they, they are not on the same level of luxury. The same goes for the Corvette. Its an amazing vehicle but if GM thought they could ask Ferrari prices by going mid-engine they would have succeeded as well as Ford did with selling the GT. A very small limited production run just to say we can. The main difference with the Corvette is I’m willing to bet it will be more reliable than a Ferrari and cost a fraction to maintain while still being competitive on the track.

  37. Kit Gerhart Says:

    36 M-B has always been much more a “full line” car company in the rest of the world, than in the US. Now, they are selling less expensive sedans, with the CLA and A-Class, but are not selling the urilitarian versions of those cars in the US. I guess it’s because, in the US, sedans have a more “upscale” image than cars like the A-Class hatch, which competes with VW Golf and Audi A3 in Europe.

  38. cwolf Says:

    I agree with Kit’s last comment. The lower end models are loved by women and a utilitarian version lacks the status they wish to reflect. I think their husbands are knowing of European car repair costs and are smart enough to lease. Actually, I don’t know a sole who buys one of these off warranty money buckets unless another warranty is made a part of the deal.
    I really like the way many Euro cars handle and love their interiors…a lot! Too bad for me the maintenance costs can’t be justified.
    I’m content with my Lincoln; with the A or Z plan, the price I right and, like all my Ford products, has been problem free for over 200K+ miles. If only they would add a MB /BMW class interior! Lincoln is improving. I was loaned the new Nautilus several times when servicing my vehicles. Lincoln is moving in the right direction. I like Caddy’s too, but I think Lincoln surpassed them.

  39. Kit Gerhart Says:

    Lincoln may be surpassing Caddy in Ford/Chevy based crossovers, but Caddy far surpasses Lincoln in cars, or does Lincoln even still have any cars? Cars don’t sell in the US now, though, so crossovers are what matters.

  40. Larry D. Says:

    My guess for the AAH FCA brand would be the revival of the Jeep Grand Wagoneer.

    Why would that be “very controversial”? I am sure the politically correct police will find many reasons, as they do with practically everything else.

  41. Larry D. Says:

    39 I also suspect Lincoln dealers give bigger discounts, since many of their “Lincolns” are thinly disquised Fords and they must have a big profit margin, while I remember Caddy’s former boss De Nyssen (they got from Audi) wanted the prices to be firm and high.

  42. joe Says:

    29
    Larry, you seem to think you know all the answers and insult people with your analogies. Your saying if you are rich, you’ll be driving an expensive car that few people are driving. That is BS! I’m a multi-millionaire and I drive Chevy’s. Only snobs drives expensive cars to impress people, and some of those snobs are not even rich. What do you have to say about that?

  43. Lambo2015 Says:

    42 I read an article that asked over 1000 self made millionaires what vehicles they drove and surprisingly the number one vehicle was the Ford Taurus followed by the F-150 and a series of basic unassuming vehicles. Obviously this was about 10 years ago but the point of the article was that many of the people were millionaires because of their conservative spending habits. They also had no problem with shopping at Walmart or using a coupon.
    The millionaires that inherited money or were born into a wealthy family had no problem with the flashier cars as they probably were less connected with what it takes to accumulate the money.. My geuss is Joe has earned his mooney.

  44. Larry D. Says:

    43 We have no idea who this “Joe” is other than it is somebody who visits the forum once in while, says something negative about Tesla and leaves. I very much doubt he has a dime, whether he earned it, as I earned every cent or million I ever made, or not, but I could care less.

    There was a book about “The Millionaire Next DOor” a while ago that claimed the average millionaire is a small business owner who drives a beat up truck.

    But that is a stereotype.

    The point is, everybody and his mother in law today are millionaires ,and the term was coined in the 1850s, at the funeral of a French Banker in the USA. Back then $1 was equal to $100 or $200 today.

    SO it is VERY misleading to think of a millionaire today as rich. THat millionaire in 1850 was worth in the 100s of millions, which IS rich in todays $.

    1 million today is NOTHING. You can barely buy a ROOM in some cities with a million. You cannot buy a yacht or a mansion or a private jet for a million, even used. So let’s not be carried away.

  45. Kit Gerhart Says:

    I found a recent article listing vehicles bought by the top 5% of earners, which is those making more than ~300K/year. Most of the more popular “premium” mid-size crossovers were on the list, X5, Q5, RX, MDX, but also Honda Civic and Accord, and Jeep Wrangler and Grand Cherokee. As I remember, no “premium brand” sedans were in the top ten.

  46. Larry D. Says:

    45 Top 5% is a very wide net. Everybody in this forum may be top 5%. And if this includes not only salary but also income from life’s accumulated savings for retirees, then even people with modest salaries or pensions, who add income from their savings in cap gains and dividends, may be top 5%. Top 1% may be more typical of the affluent (but not rich or millionaires in the original sense)

  47. Larry D. Says:

    45 do you have a link? I doubt the top 5% earns more than 300k. Is it Family income or individual?

  48. Kit Gerhart Says:

    46 I’m certainly not close to being in the top 5%, in earnings, but I may be in the top 5% in wealth.

    47 Here is the link about the top 5% of earners. it was the first hit that came up when I googled “top 5% income.” It didn’t read the whole thing to see how they defined earnings, etc.

    https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/

  49. Kit Gerhart Says:

    48 Looking further, it looks like I’m at about the 90th percentile in wealth, but I don’t feel rich, or even close to it. To me, it was splurging to buy a $55K Corvette a few years ago.

    Seeing all of these $50K-100K trucks and SUVs, there must be a lot of people out there with a lot of debt.

  50. Larry D. Says:

    48 it seems it is individual income from salary and probably cap gains, divs and other income. I expected the 5% to be less than that.

    But to find the number of millionaires you need to google assets, not income.

    I guess because I save and invest a lot and don;t spend that much I should be 1% there, but less than 5% income. At least that’s what I am told by my Fidelity local branch.

  51. Larry D. Says:

    https://dqydj.com/top-one-percent-united-states/

    “The top one percent of household net worth starts at $10,374,030.10.”

    (that’s household, not individual. Divide by 2 for individual (or more than 2?)

    “Net worth is a better way to rank the top one percent than income.”

    Again, with all the talk about how Americans do not ‘save’enough, I expected the top 1% to be less. But if you divide by 2 it is where I expected it to be.

  52. Larry D. Says:

    49 Your link is income, not wealth (net worth). Most people have good to high incomes but spend it. To be a millionaire (self made) you need to be really frugal and invest instead of spending. I am not recommending it, just saying it.

  53. Larry D. Says:

    Also, these high incomes are before taxes, and all taxes together easily eliminate half of these amounts, while net worths are 100%.

  54. JWH Says:

    Ferdinand Piech – A little surprised that his early days at Porsche including the Can Am dominating 917-30′s was not mentioned. If I remember correctly Mr Piech & other Porsche family members all resigned from direct functioning positions at Porsche in the early 1970′s to reduce family discord.

  55. Kit Gerhart Says:

    52 Here’s a link re. wealth, where i found where I fit in for #49.

    https://dqydj.com/net-worth-brackets-wealth-brackets-one-percent/

  56. Larry D. Says:

    55 your link is different than mine but looks very similar. The top 10% barely has a million in assets, and that’s household, not individual wealth.

  57. joe Says:

    44
    Larry. You say I visit this forum only once in a while, but for your info, I do visit it everyday although I rarely comment on anything. You doubt if I have a dime….never mind if I have millions. I don’t like to be called a liar and you should be more careful how you critique the other commentators!!

  58. SpicyMatzahBall Says:

    Lot’s of millennial stereotypes here…
    Millennials as a group bought a lower percent of new cars than any other age cohort, last year. And those millennials that bought used cars paid a lower average price (ie older/cheaper/lower condition). Not to mention a lot of new/CPO cars, particularly in luxury categories, come with a few years of maintenance included so the wealthier/older GenX and Boomer buyers would have a lower maintenance cost as an overall age cohort.