Don't Let Your New SUV Blow a Hole In Your Budget (Ben with Tadas)
The Compound and Friends
Josh Brown
4.7 • 2.2K Ratings
🗓️ 2 July 2019
⏱️ 10 minutes
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| 0:00.0 | So today I'm going to talk to Tadas, this ganta about his post on why buying a luxury car is |
| 0:07.3 | unlikely to materially boost your happiness. |
| 0:09.6 | And Tadas, this is a topic that's near and dear to my heart because I've written on it. |
| 0:13.6 | He actually put a little piece of mind in here. |
| 0:15.6 | So what was the impetus for writing this one? |
| 0:18.3 | You know, it just happened to be the case that for whatever reason I saw a bunch of posts, |
| 0:27.6 | kind of all on the same related topic so whenever I see that I always |
| 0:36.1 | Take that as an opportunity to write my own post so it's I've seen some crazy stats lately and I think I first worked off of anecdotes on this because I kept feeling I was seeing SUVs everywhere and it |
| 0:39.7 | kind of makes sense both of us are in the Midwest and it would make sense we see SUVs for |
| 0:43.7 | being, you know, having the snow and getting through all that stuff. |
| 0:46.2 | But the Wall Street Journal put out a piece last year and they said, less than five years |
| 0:50.5 | ago, new vehicle sales were split between cars and trucks and |
| 0:54.0 | SUVs and today the share of cars has slipped below a third and so it's close to |
| 0:59.7 | like two-thirds or 70 percent of all new car sales are either SUVs or trucks and I don't know about you |
| 1:06.0 | but I've looked recently because we had to get a new car in the last year and SUVs and |
| 1:11.1 | trucks are expensive. And so it's crazy to me when I see them |
| 1:16.8 | driving around the road and I look and I think like this person is driving this |
| 1:20.5 | expensive SUV I don't want to be a spend shamer, but I wonder how much they're |
| 1:26.4 | spending versus what they're saving on these things. |
| 1:28.6 | Yeah, well, I think it's there's a very good reason why Ford essentially got out of the car business to focus on |
| 1:35.6 | SUVs. I mean I think you know all the indications are these are higher margin products for the auto |
| 1:42.0 | manufacturers and you know I think there are higher margin products for the auto manufacturers. |
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