luxury car brand loyalty declining
#61
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That's already been pointed out to him if you go further down the thread. Nobody buys a Model 3 to "save money"
#62
Lexus Champion
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How do you insure those cars...just liability or full coverage? Honestly you are better off cutting some of the fat. Even if you are paying very little on insurance, when you add it up you'll be surprised. I was paying about $45 a month for my IS that was just sitting. $45 x 12 and now $540 a year! Save that for two years and that's a trip to Hawaii for two!
If I really wanted to I could convert my fleet into a single really high end car...but I honestly would rather have a bunch of different cars and the sequoia is must have. It's the only car I have that can do absolutely everything I would ever need to do in one package. I still end up paying more on gas every month vs insurance so it's fine? My wife is honestly the one who is doing that, she drives way too much for her job. The poor LS430 is going to hit like 300k by next year lol!
All of the car expenses pale vs ammo costs though, that's our main hobby. We are fairly high level competitors and make our own ammo but it's still quite nuts how much the costs can run up. 20 min of practicing standards is a full tank of gas and we shoot at least once a week and have 1-3 matches as well. Practice is what gets you though since you can easily send $500 worth down range between two people in under two hours if you both brought timers and a spotter. My dad was a NM shooter and he still competes locally and got me into this, I went more IDPA/USPSA and 3-gun though since it's hard to sink $18,000-23,000 into a single rifle for long range games. I would rather have a set of guns for that price I can use across multiple games.
The running joke is whenever we are driving to a match the guns in the trunk are worth more than the car by FAR. When we go to night shoots for example my rifle is $6400 as equipped and I'm wearing $17000 NVGs....
Last edited by Striker223; 08-15-22 at 01:58 PM.
#63
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If I really wanted to I could convert my fleet into a single really high end car...but I honestly would rather have a bunch of different cars and the sequoia is must have. It's the only car I have that can do absolutely everything I would ever need to do in one package. I still end up paying more on gas every month vs insurance so it's fine? My wife is honestly the one who is doing that, she drives way too much for her job. The poor LS430 is going to hit like 300k by next year lol!
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#64
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but it's likely true that TONS of lexus owners came from toyotas and were loyal whether they switched to a lease or not.
And of course the ultimate in luxury is was associated with cars that have giant V8 or even V12 engines.
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tesla just celebrated making their 1 millionth car at their chinese factory. as austin and berlin get going, tesla will catch up with their order backlog, the revenue will be off the charts, and they should be able to finally make some changes and get other things to market (cybertruck being the most promised one).
#65
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#66
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This is the greatest tech moment in the modern era, I'm not being hyperbolic. The reaction by Steve Ballmer is a close second.
#68
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bmw had more than double the sales in 2021 vs tesla...so not sure where your 9/10 comes from.
One big factor which tesla fans fail to acknowledge is sourcing chips for 1.5 million vehicles is a lot easier than 5 million vehicles.
Last edited by Blaze876; 08-15-22 at 02:42 PM.
#69
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Uhm... maybe you should do the math to confirm yourself. Model 3 is not even considered expensive. It's an equivalent Accord/Camry after everything is factored into the math. Even one of the Tesla owners here admitted it too. But I get it. You and many don't see it that way. Model Y may cost 70K but if you do your math right, it's not a 70K vehicle.
The Camry is a bigger car; the Corolla MSRP is $20,425. The BMW Model 3 is a similar size, perhaps smaller and has MSRP of $42,300. Lexus IS starts at 39,125.
The market considers the Tesla Model 3 a luxury car. People do not buy a Tesla for economy.
Last edited by JeffKeryk; 08-15-22 at 03:02 PM.
#70
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bmw had more than double the sales in 2021 vs tesla...so not sure where your 9/10 comes from.
One big factor which tesla fans fail to acknowledge is sourcing chips for 1.5 million vehicles is a lot easier than 5 million vehicles.
#71
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Tesla is expected to overtake BMW in sales in a few years.
#72
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So selling more high end models and EVs is a bad thing now? Not sure why you even made that statement.
#73
Lexus Champion
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I don't know why there is contention here, BMW sells more cars. Just don't look at trends and margins and everything will seem super in BMW land.
#74
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We stuck with Toyotas and Lexus for almost 40 years, same for Michelin tires every time. But times are a changing. Instead of blind allegiance people now rely on crowd-sourced reviews and online comparisons to decide how to best spend their money. With more tools at your disposal, every brand has to work harder to hold onto customers.
I loved using MacBooks for many years but stuck with Android phones because iPhones were lacking features I wanted/needed. Now I’m onboard with the entire Apple ecosystem (phone, laptop, tablet, watch, etc.). But I’ll jump brands if necessary to meet my evolving needs. With the Internet at our disposal it’s much easier to search for exactly what you want. The label on the product plays a smaller role in the decision-making process today.
Last edited by FatherTo1; 08-15-22 at 10:45 PM.
#75
Lexus Champion
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Color me a former Toyota/Lexus loyalist. I completely agree with 703 above that brand loyalty is overrated. Even among CL members, consensus is Toyota/Lexus reliability peaked in the 2000-2006 generation of vehicles. The decline in brand loyalty suggests people are savvier, more open-minded, and willing to try something new to see if it works better for them.
We stuck with Toyotas and Lexus for almost 40 years, same for Michelin tires every time. But times are a changing. Instead of blind allegiance people now rely on crowd-sourced reviews and online comparisons to decide how to best spend their money. With more tools at your disposal, every brand has to work harder to hold onto customers.
I loved using MacBooks for many years but stuck with Android phones because iPhones were lacking features I wanted/needed. Now I’m onboard with the entire Apple ecosystem (phone, laptop, tablet, watch, etc.). But I’ll jump brands if necessary to meet my evolving needs. With the Internet at our disposal it’s much easier to search for exactly what you want. The label on the product plays a smaller role in the decision-making process today.
We stuck with Toyotas and Lexus for almost 40 years, same for Michelin tires every time. But times are a changing. Instead of blind allegiance people now rely on crowd-sourced reviews and online comparisons to decide how to best spend their money. With more tools at your disposal, every brand has to work harder to hold onto customers.
I loved using MacBooks for many years but stuck with Android phones because iPhones were lacking features I wanted/needed. Now I’m onboard with the entire Apple ecosystem (phone, laptop, tablet, watch, etc.). But I’ll jump brands if necessary to meet my evolving needs. With the Internet at our disposal it’s much easier to search for exactly what you want. The label on the product plays a smaller role in the decision-making process today.
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