Corolla killer is jumping the gun a bit. Will these cars still be operational in 30+ years? What will their condition be like after 500,000km on the clock?
Once they reach these milestones then maybe they can call themselves a Corolla killer.
Once they reach these milestones then maybe they can call themselves a Corolla killer.
I wonder if these will stand the test of time is the point I’m trying to make.
We owned one that barely made it to 120k miles (Matrix, which was essentially a hatchback Corolla) and would have required more money to keep it running than the vehicle was worth.
And yes, it was well maintained.
(And yes, that Fremont factory that built the Corolla is now the Tesla factory)
I see no mention of this on the usual car&drivers.
Of course, neither of these are electric. But they are also well known makes in the American market.
If I have to replace a BYD every 3 years at $15k, a Corolla that lasts 15+ is going to come out ahead.
$15k is sufficient to make most individuals hesitate briefly. perhaps you have enough saved away to be a bit more cavalier with such amounts.
https://www.consumerreports.org/cars/buying-a-car/people-spe...
I don’t know anyone who would hesitate at $15k considering current state of the auto market. I do know there’s lots of middle class and below who would finance it and give it a chance, versus a $500-$1000 monthly note at current vehicle prices and interest rates.
https://www.cbsnews.com/news/auto-loan-average-payments-2023...
Baseline Toyota/Honda is still going to be ~$25k
For a while, trucks and SUVs hold a significant portion of most sold vehicles in the US.
What's relevant is the lowest price for the economy/compact model of a mainstream brand, which seem to be around $20k. For a $5k difference (or less) I don't know if gambling on a new Chinese electric car would be that attractive.
at that price, and with those economics, i think a great many people would care
lol i found an uncited figure from a toyota dealership saying the average miles driven is 200k - 250k, which is ~400,000km on the high end https://www.toyotaofclermont.com/research/how-long-do-toyota...
Assuming both of those sticker prices are accurate, I might still be leaning towards the Toyota. I know it will last for a long time and have no problems obtaining parts/repairs so long as I own it.
https://www.statista.com/statistics/183713/value-of-us-passe...
I've never bought a new car in my life.
A new car is great but loses on average 10% of its value as soon as it leaves the dealer's lot, and after 5 years, depreciates to 40% of its value. You can often get a barely used car for a lot less than its MSRP.
In Europe plenty of people only want new cars
The car lasts and is driven after it is traded by it's first owner if it remains in good condition. Toyota and their Corolla brand has /EARNED/ the right to be at the top of the tree on that count and maintained it over many decades.
Because it's cheaper to buy and cheaper to drive.
Let's start with your example (12 years, 130K miles, 50% depreciation). Let's assume that the EV depreciates much more (80%):
Corolla value depreciation = $11K
BYD Value depreciation: $12K
From a purely financial perspective, it doesn't mean to invest $22K instead of $15K for a $1K gain after 12 years.
Now the calculation above does not take the energy costs into account [1]:
Petrol cost @ 130K miles = $20K
Electric cost @ 130K miles = $4.5K
[1] https://avt.inl.gov/sites/default/files/pdf/fsev/costs.pdf
"Hey I know Corollas last a while, and wtf is this weird-ass company I've never heard of? I'm sticking with Toyota."
^ Incentive enough.
One guy I see regularly is driving a 400k mile minivan. At my previous job I saw a customer driving a 500k mile Corolla, as well as a couple of customers with 400k, and countless over 200k.
This is in Kansas.
https://photos.app.goo.gl/rKMXEzRkR7NauPaB9
I received the car at about 370k miles, drove it about 10k more for ~2 years in college. The only problem I ever had with it was the battery sucked in the winter.
Not 500k km but past 300k ie your point is spot on
By now we should have exceptionally long lasting engineered products at low prices because of “technology” and productivity.
lol "i don't see any problems with waste aside from the problems with waste"
have you ever see those drone shots of children playing on 90ft mountains of fast fashion discards in chile and ghana or whatever? when you watch that, do you nod along sagely because the free market working perfectly and that's comforting for you
also, i disagree with the premise that we are "gatekeeping" car ownership unless we race to the bottom. you can buy used cars!
And if you read the sentence right after, you'd see my alternate proposal rather than trying to set an arbitrary durability threshold.
>If that's what you're concerned about, those should be taxed at the source, rather than letting that slide but trying to regulate it by enforcing minimum durability standards.
Born into this nightmare with no ways out
There is a massive environmental impact to build a car, so yes. Absolutely.
(We currently drive an old ICE Toyota because post-Covid prices were nuts and I’m not overcapitalising given the above.)
It's quiet, the glass roof is nice - I'll never go back to a petrol car.
Garages all round the country will be able to disassemble and reassemble to swap any part in minutes, and there will be a super cheap non-oem clone of every part that fails.