56 Cybertrucks at Fayetteville GA Dealership…

[Deleted member 17810]

Around 13 million US households have the financial capacity to consider a $100,000 vehicle.

Link for data on this?

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[countryboy]

https://www.statista.com/statistics/203183/percentage-distribution-of-household-income-in-the-us/

https://www.census.gov/content/dam/Census/library/publications/2023/demo/p70br-183.pdf

https://www.richmondfed.org/publications/research/economic_brief/2023/eb_23-39

You can debate what "afford" means but there's the data... enjoy!

 

[Deleted member 17810]

https://www.statista.com/statistics/203183/percentage-distribution-of-household-income-in-the-us/

https://www.census.gov/content/dam/Census/library/publications/2023/demo/p70br-183.pdf

https://www.richmondfed.org/publications/research/economic_brief/2023/eb_23-39

You can debate what "afford" means but there's the data... enjoy!

All you linked to was income data.

You made a specific claim tied with numbers.

That's not how sourcing works.

 

[Crissa]

The average household replaces their vehicle in 12.5 years. That means only 1 million of those households are in the market for a new truck at any time.

And that's split between all possible vehicles at that price point.

That is how sourcing works. You choose data to provide the number of households, and then choose what 'affordability' means - you could source that, but it's not entirely necessary.

-Crissa

 

[countryboy]

It was a SWAG based on that data. If you don't like my estimate, what would you guess? 10mil? 8mil? Point still stands. I'm not trying to be the absolute source of truth, just sayin more people have $$ than people think. And that data is 2-3 years old, salaries have increased significantly since then with inflation so it might be more.

 

[countryboy]

The average household replaces their vehicle in 12.5 years. That means only 1 million of those households are in the market for a new truck at any time.

And that's split between all possible vehicles at that price point.


That is how sourcing works. You choose data to provide the number of households, and then choose what 'affordability' means - you could source that, but it's not entirely necessary.

-Crissa

The average 200k+ household is not 12.5 years.

 

[Deleted member 17810]

It was a SWAG based on that data. If you don't like my estimate, what would you guess? 10mil? 8mil? Point still stands. I'm not trying to be the absolute source of truth, just sayin more people have $$ than people think. And that data is 2-3 years old, salaries have increased significantly since then with inflation so it might be more.

I wouldn't guess.

That's why I was asking where that statement came from, it was stated matter of factly.

Around 13 million US households have the financial capacity to consider a $100,000 vehicle.

vs

I would think that around 13 million US households have the financial capacity to consider a $100,000 vehicle.

There's a difference.

 

[Crissa]

The average 200k+ household is not 12.5 years.

I doubt that is true.

That's how averages work. For every household that flipped it, there's one that didn't or bought used. That just reduces your number of target households.

-Crissa

 

[countryboy]

The part about # of housholds with $ IS data. The part about whether that means they can "afford" it is an unproveable variable. And, what Crissa said. Although, I think people who make 200k+ flip more often than 12.5 years... but I have no data for that, so call me a liar. Whatever.

 

[countryboy]

That's how averages work. For every household that flipped it, there's one that didn't or bought used. That just reduces your number of target households.

-Crissa

Except when you're averaging a subset of data. The number was already reduced. I'm not trying to argue btw, if someone has conflicting data, share it! I like learning, and sharing and being proven wrong is part of that. Cheers!

 

[Deleted member 17810]

The part about # of housholds with $ IS data. The part about whether that means they can "afford" it is an unproveable variable. And, what Crissa said. Although, I think people who make 200k+ flip more often than 12.5 years... but I have no data for that, so call me a liar. Whatever.

Yes it's data.

financial capacity might be something you threw together, but it doesn't mean "afford".

I was hoping to see some data, because those numbers seemed pull out of thin air and they were.

 

[countryboy]

Which numbers? 13 million households make $200k+ and have net worth of 1.5M+? I showed that data. If you mean the 10% and 10% part.. yeah I made that up, it's a guess how many people who COULD afford WOULD. It's always a guess until they actually BUY one.. not sure what kind of data you're looking for. Do you think only $300k+ households should be included as "can afford"? Valid argument, but I know people who make less that have one, so I thought 200k was a good guess.

 

[Deleted member 17810]

Which numbers? 13 million households make $200k+ and have net worth of 1.5M+? I showed that data. If you mean the 10% and 10% part.. yeah I made that up, it's a guess how many people who COULD afford WOULD. It's always a guess until they actually BUY one.. not sure what kind of data you're looking for. Do you think only $300k+ households should be included as "can afford"? Valid argument, but I know people who make less that have one, so I thought 200k was a good guess.

You said

Around 13 million US households have the financial capacity to consider a $100,000 vehicle.

You statement is a claim across population/income/households/purchase price.

I wasn't accusing you of lying at any point, I thought you had some kind of research or information on hand, because it's absolute possible to generate data like that.

That is how sourcing works. You choose data to provide the number of households, and then choose what 'affordability' means - you could source that, but it's not entirely necessary.

-Crissa

Sourcing includes all the parts of the statement.

 

[OldDirtyRobot]

I would love if you lived near me and we could meet up, it would be a really fun day for me.

You clearly have zero business sense. Who cares about Ford.

A year ago not one available in the whole state of GA to even look at. 6 months ago every one on dealer lots are sold units and Foundation. ADM’s used $20K plus. Fast forward to today, 56 at a very small dealership that is a HUGE drop in demand. Get a a clue dumb a$$!!

It's also is an indication of production ramping. A year ago, they were making less than a thousand a month and all of those were going to Texas and California.

 

[OldDirtyRobot]

Maybe I didn’t get your point, I don’t relate to fanboys that can’t accept that Tesla isn’t perfect. Or it may be possible that you were cleaning the cheese off your hands, I suggest you put the Cheetos down, get out of the basement, give Minecraft a break, and open a basic book on business and/or supply and demand. You come off like a total complete Tool Bag , if that wasn’t your intent re-read your post.

Lookout the hillbilly from Georgia is calling out imaginary people on the internet. My apologies to all the other good people of Georgia.

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