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Americans can’t afford their cars any more and Wall Street is worried
(www.telegraph.co.uk)
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this post was submitted on 20 Oct 2025
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politics
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The name of my local mall is prefaced by "Cadillac Fairview (CF)". Cars have been overpriced for a long time now and the auto industry is investing in real estate. I think they may price themselves out of customers, just like the theater chains but at least they'll get a bailout.
CF has no relation to Cadillac the car company. Fun fact, it's parent company is the Ontario Teachers Pension Plan
I learned something new today.
Your point about it being a cash-flush industry stands though, a huge chunk of the rich families around come from dealerships. Realtors (another high margin sales job) are smarter about hiding their money from their client base, a lot of them take trips constantly and buy secluded homes. Dealership families building mansions on acres of lawn, visible from the main roads, like castles. Not a smart choice but we'll see how that plays out.
Damn I wish theaters had priced themselves out yet people are still out here paying like $20+pp for a movie ticket. It wasn't even ten years ago I could go to a second run cinema and get tickets for $2 :(
This got 15 up votes?