Category Archives: Cool Cars

The World’s Greatest Cars

Hey Cool Car Fans,

Earlier this month, I ran a marathon in Ventura, CA. My wife Becky and I decided to visit Santa Barbara the day before the marathon and explore this cool little beach town. While there, I spotted a few cool cars rolling down the street and posted some photos on my Instagram account.

After the marathon, we cruised down to Rodeo Drive (pronounced “roh-DAY-oh”) to check out some cool cars. I kind of had my own personal car show, while Becky shopped at Lulu Lemon and a few other stores. I made a YouTube video, which I’ll link below, so you can check it out. It was a fun time, and I always enjoy looking at and checking out cool cars.

The Cool Car Guy’s Rodeo Drive Personal Car Show

250 OF THE MOST MEMORABLE AUTOMOBILES

This video got me thinking, and I decided to do something really cool. Over the years, I’ve owned my share of “coffee table” car books, some of which are now out of print. My son-in-law recently shared an auction catalog from a Porsche enthusiast, which gave me an idea.

The 1969 Corvette L88

The catalog was from a prestigious auction in California in 2015. Among the amazing vehicles for sale was a 1969 Corvette L88 Coupe, which was estimated to sell for $700,000 to $1 million at the time. I’ll try to get a picture of it to add to this post so you can check it out. It was fascinating to see this rare car in the catalog from nine years ago.

In 1969, Chevrolet produced only 116 Corvette L88 Coupes, making the L88 one of the rarest and most sought-after Corvettes from that era. The L88 featured a high-performance 427 cubic inch V8 engine with a nominal horsepower rating of 430, though its actual output was significantly higher. In 2024, these rare models can fetch between $500,000 and $3,000,000 at auction, depending on their condition and history.

Most people are surprised to learn that a 1969 Corvette can sell for such high prices. While the L88 is particularly valuable, a well-maintained 1969 Corvette convertible with matching numbers and some modern upgrades can sell for around $30,000 online or at auction. A standard 1969 Corvette base model with a 300hp 350 V8 engine in good condition typically values between $40,000 and $70,000. More desirable models with higher performance engines, such as the 427ci variants, can command higher prices.

The Cool Car Guy’s YouTube Channel

As I mentioned in my welcome video on The Cool Car Guy YouTube Channel, there are around 31 million enthusiast-type vehicles in the United States. These are vehicles that people own because of their passion for cool cars. That’s a massive number of vehicles.

This got me thinking it would be fun to take some of my “coffee table” car books and find some of these vehicles online for sale. I can create YouTube videos describing these vehicles for my audience and list them on CoolCarGuy.com with a link to where you can purchase them. I’m thinking of capping it at about 250 of the world’s greatest cars. It could take a long time to curate these vehicles, but I’m excited to get started because I think it’s a cool idea and it should be a lot of fun.

I will include a blog post here on The Cool Car Guy’s blog about each vehicle as well. Stay tuned and let’s make some magic happen online! If you have a cool car to sell, consider listing it on CoolCarGuy.com. If you’re a car dealership with a cool car, definitely list it because if someone sees a cool car, they will visit your site. Once they are there, the odds are pretty good they will check out your other inventory, so you could be using one vehicle to promote all your inventory by leveraging one ad on CoolCarGuy.com.

The Cool Car Guy – John Boyd

John is the owner of CoolCarGuy.com, a boutique premium classified ad website for cool cars! He also has The Cool Car Guy’s blog and The Cool Car Guy’s YouTube channel. Reach out to John anytime – jboyd@coolcarguy.com or Twitter @coolcarguy

Electric Vehicle Sales Plummet

Hey Cool Car Fans,

I’ve been writing about the problems with the electric vehicle for years now and I have been criticized by many of the faithful followers of the Tesla and EV’s in general. It appears though that what I’ve said for years is finally starting to be taken seriously by consumers and manufacturers.

Unfortunately, the decision by key leaders in the automotive industry to try to follow and catch Elon Musk and Tesla in the EV market has had serious ramifications in the automotive industry as a whole. Instead of focusing on vehicles that people actually want to purchase, they have been creating vehicles that are not in demand.

For example, I recently tried to get a new Toyota Landcruiser for a client in Steamboat Springs, CO and I was told that it will take three years based on current production, dealership allocation, people on waiting lists, etc. from one dealership. Another dealer told me that would be “nearly impossible, but good luck”. It was the same for the new 2024 Lexus GX Overtrail. In other words, if you want a 2024 Land Cruiser or Lexus GX Overtrail be prepared to take delivery in 2027? That’s quite idiotic and Toyota isn’t alone. You have people who are wanting to buy your product, but you can’t deliver. We used to call this back in the early 1990’s “vaporware”, which are products a company would advertise, but nobody could actually get. Of course, you can get a good deal on an electric vehicle that are sitting on the car lots right now.

I did a quick search this morning on the Manheim dealer auction site for Teslas. There were 3,556 Tesla’s for sale right now at this one dealer auction. To put this in perspective, there was one 2017 BMW M6 in a manual transmission at the same auction. They are both specialty vehicles when you get down to it with a limited market, but there are a ton of used Tesla’s on the market right now.

I started writing a book called, “Electric Vehicles Unplugged: Debunking the Hype”, but I wasn’t sure it would have been worth it to share my opinion on the matter beyond The Cool Car Guy’s Blog here. I figure that the market will figure out the pitfalls of the EV landscape. This is a chapter that I wrote in the book, that I decided to post here for people to consider.

In the quest for a greener and more sustainable future, electric vehicles (EVs) have emerged as a shining beacon of hope. They promise cleaner air, reduced greenhouse gas emissions, and a departure from our reliance on fossil fuels. However, as we delve deeper into the world of EVs, it becomes evident that not everything is as pristine as it seems. This chapter explores some of the inherent problems with electric vehicles and why they may not be the ideal solution for everyone.

1. Limited Range: The Anxiety of Running Out of Juice

One of the most glaring issues with EVs is their limited range. Unlike traditional gasoline-powered vehicles that can travel hundreds of miles on a single tank, EVs often require recharging after just a fraction of that distance. This range anxiety can be a significant concern for those who rely on their vehicles for long commutes or frequent road trips. Until EVs can match the convenience and range of gasoline cars, they may remain a less practical option for most people.

The reality is that temperature fluctuations can affect battery performance. If you have ever left your phone sitting in the Sun and suddenly it shuts down due to getting too hot you know that temperature has an impact on electronics and battery life. Lithium-ion batteries are affected by temperature fluctuations that in turn are going to affect vehicle range. This was recently witnessed in parts of the country this Winter where charging stations were not working and people were stranded with dead batteries. The media didn’t do a very good job of covering this though since driving a car has somehow become political with the involvement of special interest groups making money off of government business incentives for electric infrastructure.

2. Charging Infrastructure: A Long Road Ahead

While EV charging infrastructure is steadily improving, it remains a work in progress. Gasoline stations are ubiquitous, offering quick and convenient refueling. In contrast, charging stations are still relatively sparse, and the charging process itself is time-consuming. Until the charging network becomes as widespread and fast as refueling at a gas station, EVs may be an impractical choice for those with busy lives and tight schedules. If you’re charging at home and driving a short distance to work that’s a different story all together.

I delivered an older Nissan Leaf to a manager at a Starbucks who lives in New Mexico and he drives it back and forth to work daily without having a gas bill. The low price of the vehicle that he paid, the short range and charging at night at home before going to work isn’t an issue for him. This is a great example of how an EV can work for someone depending on the use, but most people are going beyond a short commute. It’s simply his daily driver to work, like someone riding a bus with added mobility. This is a great use for an older EV and something people should consider if they are wanting a second or third vehicle.

3. Upfront Costs: Paying the Electric Premium

Another formidable barrier to EV adoption is the upfront cost. Electric vehicles typically come with a higher sticker price than their gasoline counterparts. This cost difference can be a hard pill to swallow, even when considering potential long-term savings on fuel and maintenance. Until EVs become more affordable and accessible to a broader range of consumers, they will remain a luxury item for many.

However, this is definitely changing since the used car market is what is actually important and EV prices are dropping on the used market. The media again doesn’t understand this fact, but they cater to Wall Street investors and companies in their market assessment. What they fail to realize is that over twice the number of used vehicles are sold in the US every year than new vehicles. I recently texted back and forth with a friend of mine who owns a dealership in Colorado and he said he had just sold a 2017 Model S 90d that he had for 16 months. He had lost over $12,000 selling that vehicle. This is a real world example of “supply and demand” and how if the demand isn’t there and the supply is the prices are going to drop substantially.

4. Environmental Costs of Battery Production

The production of lithium-ion batteries, a key component of EVs, is not without its environmental costs. The mining of materials such as lithium, cobalt, and nickel can have adverse ecological impacts, including habitat destruction and water pollution. Moreover, the carbon footprint of manufacturing these batteries can be significant. The industry continues to talk about recycling and sustainable sourcing being on the horizon, but this is a joke. All you have to do is look at what “recycling” has looked like the environmental concerns surrounding battery production remain a critical issue to address.

5. Energy Source Matters: The Dirty Side of Clean Transportation

The environmental benefits of EVs are closely tied to the source of the electricity used to charge them. In regions where electricity primarily comes from coal or other fossil fuels, the reduction in greenhouse gas emissions from driving an EV may be less substantial. This begs the question: Are we truly reducing our carbon footprint, or are we merely shifting it from the tailpipe to the power plant? The transition to cleaner energy sources is essential for EVs to live up to their green promise.

The media doesn’t really want to cover these facts because driving a vehicle has somehow become political, due to Climate Change. Forget the fact that gas powered vehicles in the United States are equipped with a catalytic convertor to reduce emissions. There are also fuel additives and other technology to reduce emissions that are not pushed as a solution because it doesn’t fit the narrative. Forget that there are 283 million vehicles registered in the United States alone. Is the plan to just scrap all of these vehicles and put them into a landfill?

The majority of greenhouse gases come from producing electricity, flying airplanes in the upper atmosphere, diesel trucks, trains, ships, factories and other sources beyond a consumer driving an automobile. Also, don’t forget that a major polluter can buy “carbon credits” from a company like Tesla to continue polluting, but “magically” be considered to be polluting less. It’s a bit like getting a hall pass in elementary school to go to the bathroom. The carbon credit does nothing. It’s just a hall pass to pollute.

6. Resource Scarcity: The Hidden Costs of Going Green

As the demand for EVs grows, so does the demand for critical resources like lithium and rare earth metals. This heightened competition can lead to supply chain vulnerabilities and price fluctuations. The scarcity of these materials could pose challenges in scaling up EV production and might even result in geopolitical tensions over access to these resources.

There are also computers, phones and other battery powered devices that rely on these resources, so be prepared to pay more for these other products. Ultimately, all of these products that are supposed to be “recycled” end up being scrapped, along with the batteries. Try getting a replacement battery for your old phone? The companies like the car companies are not in the business of making obsolete technology run longer, but they are in the business of selling a new product.

7. Job Displacement: The Price of Progress

The shift from internal combustion engines to EVs could spell job displacement in traditional automotive sectors. Manufacturing, maintenance, and support industries may face workforce reductions, potentially harming local economies and communities. Balancing the promise of environmental benefits with the socio-economic impacts of this transition is a complex challenge.

As I mentioned, we are already witnessing this as supply of new vehicles diminishes and people keep their older cars longer, the price of older vehicles is staying higher than normal. Typically, a vehicle that is leased will depreciate 40% to 50% over a three year period based on having about 45,000 miles on the odometer. We’re seeing older used vehicles that are seven and ten years old that are selling 30% or 50% of what they sold for new! This has the consumer trying to figure out how they can get a car for their new driver, but having to pay way more than planned. It’s causing people to keep their vehicles longer and repair them simply because it’s costing more to buy a used vehicle than they expected.

8. Technological Limitations: The Battery Conundrum

While battery technology has improved, it still faces limitations in terms of energy density, charging speed, and lifespan. Breakthroughs in battery technology are crucial to address these challenges fully. Until we overcome these limitations, EVs may remain an imperfect solution.

Other fuel sources like hydrogen are discounted by many because of a lack of infrastructure, that also exists for the EV market. It’s much easier though to add a hydrogen filling station to existing gasoline, diesel station than it is to build an entirely new EV charging station. The government seems to have no problem to invest billions into creating a new EV infrastructure instead of spending money to update an existing infrastructure for additional consumer options. The charging of a battery is time consuming, so you can’t just retool an existing gas station like you can for hydrogen. A person filling up with hydrogen or gasoline is in and out of the fueling station in a short period of time. They are not sitting at a spot for 30 minutes or more waiting for one vehicle to charge. It’s rather comical that common sense issues like this are not even addressed from a purely practical standpoint.

Conclusion: A Complex Journey Ahead

As we navigate the road to a sustainable future, electric vehicles are a part of the solution, but they are not without their problems. Limited range, charging infrastructure, upfront costs, and environmental concerns are legitimate hurdles that must be addressed. EVs are not a one-size-fits-all solution, and their suitability depends on individual circumstances, priorities, and geographic locations. In the chapters that follow, we will explore potential solutions and innovations that could help overcome these obstacles, making EVs a more viable option for a wider range of consumers.

(If I had decided to finish the book that is – lol).

The Cool Car Guy – John Boyd

John is the owner of CoolCarGuy.com, a boutique premium classified ad website for cool cars! He also has The Cool Car Guy’s blog and The Cool Car Guy’s YouTube channel. Reach out to John anytime – jboyd@coolcarguy.com or Twitter @coolcarguy

1966 Datsun 1600 Convertible In A Box

Hey Cool Car Fans,

Recently, I was contacted by a couple in New Mexico to see if I would be interested in buying their 1966 Datsun 166 Convertible. I called this post “1966 Datsun 1600 Convertible In A Box” because this was a project vehicle for her husband, who has had this vehicle in the garage since around 2006.

It’s listed over on CoolCarGuy.com at this link for sale with a Call For Pricing, but I’ll include some photos in this article to check it out. Once this vehicle is sold the listing will disappear, but this blog post will continue being here. The vehicle has been torn down and it needs a complete rebuild since the owner doesn’t have the ability any longer to put it back together himself. He said that he has purchased all of the parts to rebuild it, including a second engine, tires, with boxes of parts to rebuild this vehicle. I’m not sure if everything is there, but for sure most of it is and he paid to get the vehicle professionally painted silver and keeps it covered in his garage. Which is why I said it’s “in a box” in the description of this post.

His wife wants it out of their garage since she’s doing some remodels at their home, so somebody is going to get a really cool vehicle to rebuild as a project vehicle. I wanted to create this post to talk about the 1966 Datsun 1600 Convertible because it’s a really cool vehicle. There were only 11,000 of these vehicles manufactured from 1965 to 1967. It’s hard telling how many of them ended up in the crusher or in a junk yard someone over the past 57 years, so it’s a pretty rare bird. There is a website that is dedicated to all things Datsun that is a cool resource to check out at Datsun.org. It hasn’t been updated in a few years, but it is still a pretty good resource if you’re a fan of Datsun.

Datsun became Nissan for people who don’t know this and Nissan is owned by Renault a French company, but the old Japanese Datsun product has a cult following today. This is actually a pretty reasonably priced vehicle to own a cool car compared to some of the older classic American muscle cars today. According to Haggerty.com the vehicle currently in good condition has a value of $17,300, but a most recent sale went for $47,300. You can click on this link and see the valuation according to Hagerty for this vehicle.

I’m sure someone out there is going to want to get this vehicle and rebuild it for a really cool 1966 Datsun sports car or to add it to their collection after the rebuild. If you want to see a good video from another dealership that was selling a similar vehicle check this video out on YouTube.

The Cool Car Guy – John Boyd

John is the owner of CoolCarGuy.com, a boutique premium classified ad website for cool cars! He also has The Cool Car Guy’s blog and The Cool Car Guy’s YouTube channel. Reach out to John anytime – jboyd@coolcarguy.com or Twitter @coolcarguy

Online Used Car Seller Vroom Crashes And Burns as Sales Fall, Losses Mount

Welcome to the CoolCarGuy.com blog for 2024, where shameless self-promotion meets valuable insights into the world of car buying. You might be wondering, “Why choose CoolCarGuy.com for my vehicle needs?” This is a fair question, and in this article, we’ll explore what sets CoolCarGuy.com apart from franchise and giant used car dealerships like VRoom, Carvana, CARMAX, Autonation, and others.

The Downfall of Giants

Recent events have seen giants like Carvana and Vroom facing challenges. Carvana almost went out of business, and Vroom, once a Wall Street sensation, is now on the decline. This prompts a couple of crucial questions: Why did they struggle after raising millions of dollars and being darlings of Wall Street? What was their unique selling proposition? The second question is one that people often ask about CoolCarGuy.com.

CoolCarGuy.com’s Boutique Approach

CoolCarGuy.com operates differently. It’s not here to compete with Wall Street giants that demand hefty profits per vehicle to cover numerous expenses. Wall Street companies have to make money for shareholders and are often paying ten different employees from one car sale. Instead, CoolCarGuy.com operates on a boutique model, emphasizing personalized service, expertise, and a genuine passion for cars.

John Boyd: The Cool Car Guy

With a personal history of owning over 60 automobiles and a 40-year passion for cars, John Boyd, aka The Cool Car Guy, is no stranger to the automotive world. His journey brokering began buying and selling a few of his personal cars, offering advice on car buying to others, and eventually transitioning into brokering cars for others in 2005. His unique set of skills and deep industry knowledge led him to become The Cool Car Guy.

The Value of Relationships

CoolCarGuy.com isn’t just about buying or selling a car; it’s about building lasting relationships. Leveraging John’s extensive network, clients have access to trusted mechanics, specialists, and consultants. These relationships go beyond the purchase, with clients reaching out for advice or referrals years later.

A Network of Passionate Consultants

Licensed consultants with CoolCarGuy.com share the same passion for vehicles. From former managers at reputable dealerships to experts in vehicle auctions and seasoned car enthusiasts, the network of consultants is carefully chosen for their expertise and dedication.

At CoolCarGuy.com it is more like accessing a network of “Realtors for cars” than a traditional car dealership. A realtor doesn’t have a lot of 30 homes sitting there and waiting for people to come and walk the lot. They find you a home you’re interested in purchasing based on your wants and needs. You’re not going to hear a sales manager at CoolCarGuy.com say to a salesperson, “Try to get them to buy that green SUV we’ve had on our lot for 90 days.” Our approach is to assist our clients in getting the vehicle they want at the price they want without the ridiculous sales tactics used by most car dealerships.

CoolCarGuy.com Beyond Colorado

John lives in New Mexico and CoolCarGuy.com continues its operations in Colorado, serving numerous clients across the country. The boutique model, focused on quality over quantity, ensures that CoolCarGuy.com remains a trusted resource for those who appreciate the value it brings to the automotive industry. CoolCarGuy.com does business differently than other car dealerships by its very design by trying not to be everything to everyone.

The Power of CoolCarGuy.com

CoolCarGuy.com may not be for everyone, and that’s by design. The majority of its business comes from repeat and referral clients who understand the unique value it provides. While marketing is limited, the emphasis is on working with clients who recognize the expertise and personalized service CoolCarGuy.com offers.

Many large car dealers have a goal to sell hundreds or even thousands of vehicles a month. CoolCarGuy.com focuses on working with just a few hundred clients and friends each year to provide a better experience. Clients of CoolCarGuy.com receive actual personal service and have an engaging and fun experience getting a new or used vehicle that isn’t available from large corporate run dealerships. It’s a completely different approach that is rarely found in most businesses today.

Connect with CoolCarGuy.com

Whether you’re in Colorado or anywhere in the country, CoolCarGuy.com invites those who appreciate a different car-buying experience to connect. Visit the main site to explore the expertise of Cool Car Guy’s network of passionate consultants or to reach out to John directly. You will discover that if you call him, he actually answers his own phone.

In the world of car buying, CoolCarGuy.com stands out as a boutique alternative, offering a unique blend of expertise, passion, and personalized service that goes beyond the transaction.

Why are car prices Ridiculously high?

Hey Cool Car Fans,

I have taken a long break from writing at The Cool Car Guy’s Blog. I’ve been crazy busy delivering vehicles to clients over the past couple of years. We moved from Castle Rock, Colorado to Rio Rancho, NM back in April of 2021. We took advantage of the ridiculous home prices caused by inflation to sell our home from COVID-19 like millions of other people around America. CoolCarGuy.com is still in full swing in Lone Tree, CO.

I decided I needed to write an article on the real reason that car prices have gone through the roof since I own a car dealership. Especially, when I hear all of these talking heads on Wall Street trying to tell everyone that this is temporary because of a microchip shortage.

First of all, let’s talk about the fact that traditionally cars are depreciating assets. In a normal economic climate if you buy a new car and drive it about 15,000 miles a year that vehicle is going to drop in value. A vehicle typically depreciates about 30% to 50% over three years. This is how leasing a vehicle works. When you lease, you pay for the depreciation of the vehicle.

Let’s look at a Toyota 4Runner as a real life example. In 2018 a Toyota 4Runner had an original MSRP of $34,810 – $45,160 depending on the trim level and options. An SR5 Premium with 4WD had an MSRP of $36,400. It should sell at auction three years later with 45,000 miles coming off of a lease for about 25% of the MSRP price. This means that it should have depreciated to about $27,300 if it lost 25% of its original value. This is pretty amazing because they hold their value extremely well compared to other vehicles in the marketplace.

Typically, 4Runners depreciate about 25% to 30% over 3 years where many other vehicles depreciate 40% or even 50% of their original MSRP during the same period. If you leased it and drove it 45,000 miles and gave it back to the leasing company at the end of the lease, it should be selling at auction for around $27,300 at the high end in a good market. Is this true after this Covid-19 world that has been created with $5 trillion of money dumped into the economy? Not even close.

IN JUNE OF 2021, A 2018 TOYOTA RUNNER SR5 PREMIUM IS SELLING AT AUCTION FOR MORE THAN THE ORIGINAL MSRP – SAY WHAT?!

The graphic above is a screenshot of what a 2018 Toyota 4Runner SR5 Premium with an average condition of 4.0 out of 5.0. This vehicle right now is selling for $38,500 minus auction fees. It didn’t depreciate at all in three years, but in fact it appreciated. It is selling for more than the original MSRP, This is not normal by any stretch of the imagination. Which means that if you leased this vehicle, you are in a profit position should you want to get out of it.. Call me if you’re in this situation by the way or you have a leased vehicle before you give it back to the leasing company.

WHAT IS GOING ON AND IS THIS REALLY A MICROCHIP SITUATION LIKE THE MEDIA WANTS EVERYONE TO BELIEVE?

If you turn on the major news programs you will hear their narrative that the problem is primarily supply shortages since the chip manufacturers quit making components. While this is true, let’s put the automobile market in perspective. In 2019, which was before the Covid-19 virus outbreak, automakers sold more than 17 million vehicles in the U.S. for a fifth consecutive year. That seems like a large number of vehicles and it is, but that’s the new car market. There are over 276 million used vehicles in the United States. Did they all disappear?

Of course not. In 2019, the same year that 17 million new vehicles were sold, almost 41 million used vehicles were sold. These used vehicles were not waiting on microchips. The reality is that we are living in an economy with run-a-way inflation.

The Federal Reserve has pumped over $5 trillion into the marketplace. This is causing inflation and they have kept interest rates down, which is driving up the prices of just about everything, including automobiles. They are in a Catch-22 because they can’t tell everyone there is massive inflation and unemployment, even though it’s obvious and you don’t have to read tea leaves to figure it out. They don’t want to create a Wall Street panic and sell off because Capitalism works on consumers buying automobiles, houses, food, etc. Nobody wants to overpay for things and lose money if they have to sell.

Almost 10 million people unemployed, while they are saying that there are 9.4 million jobs. Sure, if you want to go and earn $10 an hour when the average price of a new vehicle is over $40,000 right now. In what world does that work financially? It doesn’t. By shutting down the economy the government stopped a train going 100 miles an hour and the cars in the back are now starting to hit the front of the train. They are trying to convince people that this is just temporary because of the Covid-19 shut downs and it’s all going to come back to normal soon. Maybe in a few years, but you can’t just put the derailed train back on the tracks and keep moving.

You can’t have run away inflation and not have a major increase in wages for the poor and middle class to be able to afford to buy “stuff”. It is economics 101 and any kid who has ran a lemonade stand will understand this. Imagine you pull up to a lemonade stand ran by a 10 year old and you expect to get a cold glass of lemonade for $.50, but to your surprise it’s $10.00, warm and in a dixie cup. You look at the kid and he says, “Sorry but I can’t stand out here all day for fifty cents a glass. You know with the cost of water, ice and lemons these days I have to charge $10 or the math doesn’t work.” Is that a sustainable business or is that lemonade stand going to cease to exist?

Nobody can afford to pay for that kid’s lemonade unless it’s some rich guy in the neighborhood who just wants to give the kid some money each day and buy his lemonade. And these dummies in Washington and at the Federal Reserve are trying to tell everyone that isn’t what’s happening. That’s exactly what is happening. They have pumped $5 trillion into this economy to try to help the kid at the lemonade stand, but it’s not sustainable. They have millions of people getting paid more to stay home than if they worked a job.

The reality is that unemployed people cannot get financed to buy used cars or houses. Millions of people have had their credit destroyed because of the government lock downs, so even if they can get financed it’s going to be at high interest rates. You can’t get a loan if you don’t have a job or bad credit, so these millions of people are not trading out of their vehicles. They can’t. They have to keep them and drive them or pay cash for a vehicle. And that’s why we have a shortage of overprice used vehicles right now. It’s supply and demand for sure, but it’s not just because of missing microchips for new car production. In the words of James Carville in 1992, “It’s the economy stupid”.

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Auto Consultant – John Boyd: The Cool Car Guy
John is an auto consultant who owns CoolCarGuy.com, a licensed car dealership in Lone Tree, CO. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle!
jboyd@coolcarguy.com or Twitter @coolcarguy