Moar "transformation" - autos...................from Rico

Here is some more "transformation" for you...autos.

 

There was a time when there were multiple manufacturers with a variety of autos for consumers to select from beyond the 'give them any color, as long as it's black' Ford origins.

- You could also afford to buy the cars, they only 'cost' a few thousand dollars...but there were 24-36 month loans available, too.

 

Not any more.

- That was before a stifling federal buraucracy gummed-up the works.

 

Now America's favorite rapidly-depreciating asset....the car...argues that it makes more sense to rent vs. own, as the nation becomes a nation of renters vs. owners.

- Thank you, government!

 

And even if you think you 'own' a used car (that's ANY car you've purchased (whether 'new' from a dealer or from a neighbor down the block) you have 'lost' -17% in value year-on-year in the last 12 months.

- That's twice the rate of depreciation from 2014 which was -9.5%.

 

The surge in off-lease vehicles has created a supply glut vs. demand = prices are down.

- Unless you're driving one of the yuge new pick-me-up trucks that a ladder is needed to enter....in which case you are virtually printing your own money!