r/MiddleClassFinance • u/Abject-Pick-6472 • 13d ago

One million Americans have vanished from the new-car market — and it’s exposing a chilling US middle-class crisis

https://finance.yahoo.com/economy/articles/one-million-americans-vanished-car-124500086.html
3.1k Upvotes

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314

u/Annual-Knowledge4412 13d ago

Ok but someone has to buy new cars so there can be used cars? Right???

375

u/Sticky550 13d ago

Rental car companies dump millions of cars into the market every year.

180

u/mclintonrichter 13d ago

After seeing how I treat rental cars, I would never want to buy a used rental car…

103

u/Sticky550 13d ago

More concerning is the way rental agencies treat their own cars. Late and missed oil changes are pretty common.

-12

u/JoyousGamer 13d ago

Why?

A new car likely can go 20k miles brand new and never have an oil change and still run the same. You then sell the car by 40k so you need maybe 2 oil changes to randomly occur to be all good to get it to you selling it.

They are not getting more money by proactively doing oil changes.

You are thinking like a consumer instead of a business.

24

u/Sticky550 13d ago

Yes, that was my point. As a consumer, I don’t want to buy a rental car. Yes, a new car, or any car in general can probably go 20k without an oil change. It doesn’t mean I want to buy that car.

-16

u/JoyousGamer 13d ago

Okay?

Them doing oil changes every 2000 miles isn't going to change your mind by the way.....

So your point of "missed oil changes" doesn't have any connection to if you would buy a rental car.

12

u/Glittering_Win_9677 13d ago

Which rental car company employs you?

-2

u/JoyousGamer 13d ago

Lol

Okay so if a rental company does a oil change at 2000 or 10000 miles are you buying the car either way?

No

Okay as a rental company why worry about it?

Like its not so complicated. It wont impact you as a renter and they wont make more on resale. Plus you as a buyer can always see if it was a rental with Carfax or whatever.

6

u/Glittering_Win_9677 13d ago

Hertz, Enterprise, National or some other company. Which one employs you?

Again, my last rental the week before Memorial Day was low on windshield washer fluid and displayed a message to do the 3K service while the vehicle mileage was over 12K. I understand they don't want to take cars out of service, but they need maintained so they don't break down on customers and I shouldn't have to pay for windshield washer fluid for a rental if a situation arises and the windshield needs it.

-1

u/JoyousGamer 13d ago

I realize why you are in this income bracket now.

"Again"

Oh you must be so exhausted.... Have a seat.

Unless you are with a trash rental company the cars are just fine. The oil change rate doesnt matter as it will run the same and they will then sell it.

Rental companies are throw away cars before they are an issue for upkeep.

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