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Car Market going forward (1 Viewer)

AWD or just FWD. I just assumed I'd want AWD, but as I continue to internet warrior things I'm beginning to think it's not even a big deal. I live in Georgia. Do I need to take on the handful of cons, like slightly less mpg and harder on tires, for that maybe 2 weeks a year it would actually benefit me? Any thoughts on this?
Having driven Subaru for 15 years now over 3 different models, AWD comes in real handy, especially trying to parallel park or tight parking spots, makes things easy
U-Turns, you rarely have to worry about not being able to make a complete turn

My other vehicle in this stretch was a Volvo S60, great sedan but it didn't have AWD on the model I had, I wished it would have
Huh? What does drivetrain have to do with turning radius?
 
AWD or just FWD. I just assumed I'd want AWD, but as I continue to internet warrior things I'm beginning to think it's not even a big deal. I live in Georgia. Do I need to take on the handful of cons, like slightly less mpg and harder on tires, for that maybe 2 weeks a year it would actually benefit me? Any thoughts on this?
Having driven Subaru for 15 years now over 3 different models, AWD comes in real handy, especially trying to parallel park or tight parking spots, makes things easy
U-Turns, you rarely have to worry about not being able to make a complete turn

My other vehicle in this stretch was a Volvo S60, great sedan but it didn't have AWD on the model I had, I wished it would have
Huh? What does drivetrain have to do with turning radius?
please, no math for MOP
 
AWD or just FWD. I just assumed I'd want AWD, but as I continue to internet warrior things I'm beginning to think it's not even a big deal. I live in Georgia. Do I need to take on the handful of cons, like slightly less mpg and harder on tires, for that maybe 2 weeks a year it would actually benefit me? Any thoughts on this?
Having driven Subaru for 15 years now over 3 different models, AWD comes in real handy, especially trying to parallel park or tight parking spots, makes things easy
U-Turns, you rarely have to worry about not being able to make a complete turn

My other vehicle in this stretch was a Volvo S60, great sedan but it didn't have AWD on the model I had, I wished it would have
Huh? What does drivetrain have to do with turning radius?

Yeah. Rwd is widest. Awd is middle and fwd is tightest on radius in general for the same wheelbase.

I hate rwd. Just makes ever car feel like a rental.
 
AWD or just FWD. I just assumed I'd want AWD, but as I continue to internet warrior things I'm beginning to think it's not even a big deal. I live in Georgia. Do I need to take on the handful of cons, like slightly less mpg and harder on tires, for that maybe 2 weeks a year it would actually benefit me? Any thoughts on this?
Having driven Subaru for 15 years now over 3 different models, AWD comes in real handy, especially trying to parallel park or tight parking spots, makes things easy
U-Turns, you rarely have to worry about not being able to make a complete turn

My other vehicle in this stretch was a Volvo S60, great sedan but it didn't have AWD on the model I had, I wished it would have
Huh? What does drivetrain have to do with turning radius?

Yeah. Rwd is widest. Awd is middle and fwd is tightest on radius in general for the same wheelbase.

I hate rwd. Just makes ever car feel like a rental.
 
AWD or just FWD. I just assumed I'd want AWD, but as I continue to internet warrior things I'm beginning to think it's not even a big deal. I live in Georgia. Do I need to take on the handful of cons, like slightly less mpg and harder on tires, for that maybe 2 weeks a year it would actually benefit me? Any thoughts on this?
Having driven Subaru for 15 years now over 3 different models, AWD comes in real handy, especially trying to parallel park or tight parking spots, makes things easy
U-Turns, you rarely have to worry about not being able to make a complete turn

My other vehicle in this stretch was a Volvo S60, great sedan but it didn't have AWD on the model I had, I wished it would have
Huh? What does drivetrain have to do with turning radius?

Yeah. Rwd is widest. Awd is middle and fwd is tightest on radius in general for the same wheelbase.

I hate rwd. Just makes ever car feel like a rental.
I feel it is the exact opposite of this. I drove a 2015 track pack Mustang and I could tap the gas while turning and pull a 180 in my driveway.
 
AWD or just FWD. I just assumed I'd want AWD, but as I continue to internet warrior things I'm beginning to think it's not even a big deal. I live in Georgia. Do I need to take on the handful of cons, like slightly less mpg and harder on tires, for that maybe 2 weeks a year it would actually benefit me? Any thoughts on this?
No need for AWD in GA, unless you live in the mountains. Its more expensive up front, and irrelevant for driving conditions 95% of the time in warm weather locales.
 
So. Test drove a couple more vehicles today:

2025 Mazda CX50 Premium Plus. Such a sharp looking car. Best looking car we have test driven. Pearl White with black tires. Just so sharp. Handled great. Inside was solid. Just a great looking and driving car. Only downside is it felt a little to big for my wife. She just didn't feel totally comfortable moving in and out of traffic.

2025 Mazda CX5 Premium Plus. Not the curb appeal of the CX50. Just slightly smaller. Handles really really well. This is more my wife. The inside felt a little nicer then the CX50. Plenty of zip. We left thinking this was the one.

2025 Toyota Rav4 XLE Premium. My wife drove this couple days ago, I hadn't. At this point, we have decided to basically buy the CX5, but I just wanted to get my own eyes on this beforehand. Very sharp looking. I sat inside and it just felt right immediately. Moved pretty good. Handled great. Plenty of zip. The vehicle as a whole just felt sturdy and dependable. Inside wasn't as fancy as the above Mazdas, but practical and enough for us.

We have decided on the 2025 Toyota Rav5 XLE Premium. I think in the end the Toyota brand solidified the purchase.

One thing that surprised me this time around buying a new car is the lack of inventory on the lots. I just assumed each lot would have like 15 different options of each color so consumer could narrow down what we want. Since COVID car lots keep waaaay less inventory and you basically pay 500 bucks to hold a vehicle thats in route. It's not 500 extra, but rather 500 off the price. Thanks to everyone who gave feedback.
 
So. Test drove a couple more vehicles today:

2025 Mazda CX50 Premium Plus. Such a sharp looking car. Best looking car we have test driven. Pearl White with black tires. Just so sharp. Handled great. Inside was solid. Just a great looking and driving car. Only downside is it felt a little to big for my wife. She just didn't feel totally comfortable moving in and out of traffic.

2025 Mazda CX5 Premium Plus. Not the curb appeal of the CX50. Just slightly smaller. Handles really really well. This is more my wife. The inside felt a little nicer then the CX50. Plenty of zip. We left thinking this was the one.

2025 Toyota Rav4 XLE Premium. My wife drove this couple days ago, I hadn't. At this point, we have decided to basically buy the CX5, but I just wanted to get my own eyes on this beforehand. Very sharp looking. I sat inside and it just felt right immediately. Moved pretty good. Handled great. Plenty of zip. The vehicle as a whole just felt sturdy and dependable. Inside wasn't as fancy as the above Mazdas, but practical and enough for us.

We have decided on the 2025 Toyota Rav5 XLE Premium. I think in the end the Toyota brand solidified the purchase.

One thing that surprised me this time around buying a new car is the lack of inventory on the lots. I just assumed each lot would have like 15 different options of each color so consumer could narrow down what we want. Since COVID car lots keep waaaay less inventory and you basically pay 500 bucks to hold a vehicle thats in route. It's not 500 extra, but rather 500 off the price. Thanks to everyone who gave feedback.

Car sales went up in recent weeks due to fear of tarrifs raising prices.
 
Crosstrek is a slow car but very practical for a lot of folks, agree with you that it does not have a lot of pick up in it
Everyone is in too much damn hurry. Why do we need all these cars that can go 0-60 in 2 seconds or top out at 150 mph. It's dumb
After borrowing a car with good pickup for a couple weeks, I'm now sold on its importance. I've adapted to accelerating onto the highway in my 4 cylinder, but now that I've gotten a taste of some good pick-up it's a heck of a lot safer merging around here vs what I've been working with.
 
So. Test drove a couple more vehicles today:

2025 Mazda CX50 Premium Plus. Such a sharp looking car. Best looking car we have test driven. Pearl White with black tires. Just so sharp. Handled great. Inside was solid. Just a great looking and driving car. Only downside is it felt a little to big for my wife. She just didn't feel totally comfortable moving in and out of traffic.

2025 Mazda CX5 Premium Plus. Not the curb appeal of the CX50. Just slightly smaller. Handles really really well. This is more my wife. The inside felt a little nicer then the CX50. Plenty of zip. We left thinking this was the one.

2025 Toyota Rav4 XLE Premium. My wife drove this couple days ago, I hadn't. At this point, we have decided to basically buy the CX5, but I just wanted to get my own eyes on this beforehand. Very sharp looking. I sat inside and it just felt right immediately. Moved pretty good. Handled great. Plenty of zip. The vehicle as a whole just felt sturdy and dependable. Inside wasn't as fancy as the above Mazdas, but practical and enough for us.

We have decided on the 2025 Toyota Rav5 XLE Premium. I think in the end the Toyota brand solidified the purchase.

One thing that surprised me this time around buying a new car is the lack of inventory on the lots. I just assumed each lot would have like 15 different options of each color so consumer could narrow down what we want. Since COVID car lots keep waaaay less inventory and you basically pay 500 bucks to hold a vehicle thats in route. It's not 500 extra, but rather 500 off the price. Thanks to everyone who gave feedback.

Car sales went up in recent weeks due to fear of tarrifs raising prices.
I'm gonna say I don't have the factual data on this. I will say that every dealership we went to told us the tariffs won't effect this current inventory in stock. I was under the impression starting possibly in May is when costs would increase on non American made cars. Once again that was the impression I was given. Now. They are car salesman. Ha ha
 
So. Test drove a couple more vehicles today:

2025 Mazda CX50 Premium Plus. Such a sharp looking car. Best looking car we have test driven. Pearl White with black tires. Just so sharp. Handled great. Inside was solid. Just a great looking and driving car. Only downside is it felt a little to big for my wife. She just didn't feel totally comfortable moving in and out of traffic.

2025 Mazda CX5 Premium Plus. Not the curb appeal of the CX50. Just slightly smaller. Handles really really well. This is more my wife. The inside felt a little nicer then the CX50. Plenty of zip. We left thinking this was the one.

2025 Toyota Rav4 XLE Premium. My wife drove this couple days ago, I hadn't. At this point, we have decided to basically buy the CX5, but I just wanted to get my own eyes on this beforehand. Very sharp looking. I sat inside and it just felt right immediately. Moved pretty good. Handled great. Plenty of zip. The vehicle as a whole just felt sturdy and dependable. Inside wasn't as fancy as the above Mazdas, but practical and enough for us.

We have decided on the 2025 Toyota Rav5 XLE Premium. I think in the end the Toyota brand solidified the purchase.

One thing that surprised me this time around buying a new car is the lack of inventory on the lots. I just assumed each lot would have like 15 different options of each color so consumer could narrow down what we want. Since COVID car lots keep waaaay less inventory and you basically pay 500 bucks to hold a vehicle thats in route. It's not 500 extra, but rather 500 off the price. Thanks to everyone who gave feedback.

Car sales went up in recent weeks due to fear of tarrifs raising prices.
I'm gonna say I don't have the factual data on this. I will say that every dealership we went to told us the tariffs won't effect this current inventory in stock. I was under the impression starting possibly in May is when costs would increase on non American made cars. Once again that was the impression I was given. Now. They are car salesman. Ha ha

Yes, but that won't stop people from trying to get ahead of this nonsense. Especially on foreign brands despite a lot of these being more US based than the traditional US brands.
 
If you guys can wait a year, this will be the best vehicle/value on the market.

Great performance and price. But for the love of god, am I the only person on the planet who doesn’t want an SUV/truck/crossover?
You don't have kids.
True.

But the US birth rate has been downtrending for decades, the very same time period sales of SUVs and trucks have exploded. I think it’s more a function of America’s bigger is better mentality.
 
If you guys can wait a year, this will be the best vehicle/value on the market.

Great performance and price. But for the love of god, am I the only person on the planet who doesn’t want an SUV/truck/crossover?
You don't have kids.
True.

But the US birth rate has been downtrending for decades, the very same time period sales of SUVs and trucks have exploded. I think it’s more a function of America’s bigger is better mentality.
I write this with no advanced research, but the first thought that came to mind was overlay SUV growth with van decline.
 
If you guys can wait a year, this will be the best vehicle/value on the market.

Great performance and price. But for the love of god, am I the only person on the planet who doesn’t want an SUV/truck/crossover?
You don't have kids.
True.

But the US birth rate has been downtrending for decades, the very same time period sales of SUVs and trucks have exploded. I think it’s more a function of America’s bigger is better mentality.
I write this with no advanced research, but the first thought that came to mind was overlay SUV growth with van decline.
That’s probably a part of it, but overall, the shift away from cars to bigger vehicles in our lifetime has been fairly dramatic imo.
 
That’s probably a part of it, but overall, the shift away from cars to bigger vehicles in our lifetime has been fairly dramatic imo.
Larger vehicles can transport more stuff, like humans. I've driven Corollas for 20 years, they were just fine until about 3-4 years ago as we emerged out of covid. Managing around it since then has been a pain we no longer want to deal with anymore. It'll be fine for our soon-to-be 16 year old, but I do have nonzero concerns about safety.
 
If you guys can wait a year, this will be the best vehicle/value on the market.

Great performance and price. But for the love of god, am I the only person on the planet who doesn’t want an SUV/truck/crossover?
You don't have kids.
True.

But the US birth rate has been downtrending for decades, the very same time period sales of SUVs and trucks have exploded. I think it’s more a function of America’s bigger is better mentality.
I write this with no advanced research, but the first thought that came to mind was overlay SUV growth with van decline.
That’s probably a part of it, but overall, the shift away from cars to bigger vehicles in our lifetime has been fairly dramatic imo.

There’s no opinion to it honestly. Mid size Sedan sales have plummeted over the last decade plus. Ford doesn’t even build a mid or large sedan anymore. The mustang is the only thing left and that’s a 2 door. Small and mid size suvs have killed cars.
 
If you guys can wait a year, this will be the best vehicle/value on the market.

Great performance and price. But for the love of god, am I the only person on the planet who doesn’t want an SUV/truck/crossover?
You don't have kids.
True.

But the US birth rate has been downtrending for decades, the very same time period sales of SUVs and trucks have exploded. I think it’s more a function of America’s bigger is better mentality.
I write this with no advanced research, but the first thought that came to mind was overlay SUV growth with van decline.
That’s probably a part of it, but overall, the shift away from cars to bigger vehicles in our lifetime has been fairly dramatic imo.
Comparing similar "1/2 Ton" pickups over the last 30 years is shocking. Trucks I used to drive and think were full size are closer to mid-size or compact size now.
 
Comparing similar "1/2 Ton" pickups over the last 30 years is shocking. Trucks I used to drive and think were full size are closer to mid-size or compact size now.
Unlike SUV's, I don't disagree with Term re trucks. There's practicality then there's excessive. The advances to second row seating have been great, but I don't think I can be convinced most of those with the rest of that extra space need it for work.
 
If you guys can wait a year, this will be the best vehicle/value on the market.

Great performance and price. But for the love of god, am I the only person on the planet who doesn’t want an SUV/truck/crossover?
You don't have kids.
True.

But the US birth rate has been downtrending for decades, the very same time period sales of SUVs and trucks have exploded. I think it’s more a function of America’s bigger is better mentality.
I write this with no advanced research, but the first thought that came to mind was overlay SUV growth with van decline.
That’s probably a part of it, but overall, the shift away from cars to bigger vehicles in our lifetime has been fairly dramatic imo.
Comparing similar "1/2 Ton" pickups over the last 30 years is shocking. Trucks I used to drive and think were full size are closer to mid-size or compact size now.
It’s the same trend we’ve seen with single family home square footage. Even as our birth rate declines, we’ve convinced ourselves we need more space in our McMansions. It parallels average BMI, I guess.
 
If you guys can wait a year, this will be the best vehicle/value on the market.

Great performance and price. But for the love of god, am I the only person on the planet who doesn’t want an SUV/truck/crossover?
You don't have kids.
True.

But the US birth rate has been downtrending for decades, the very same time period sales of SUVs and trucks have exploded. I think it’s more a function of America’s bigger is better mentality.
I write this with no advanced research, but the first thought that came to mind was overlay SUV growth with van decline.
That’s probably a part of it, but overall, the shift away from cars to bigger vehicles in our lifetime has been fairly dramatic imo.
Comparing similar "1/2 Ton" pickups over the last 30 years is shocking. Trucks I used to drive and think were full size are closer to mid-size or compact size now.
It’s the same trend we’ve seen with single family home square footage. Even as our birth rate declines, we’ve convinced ourselves we need more space in our McMansions. It parallels average BMI, I guess.
I'm comfortable assuming if young buyers had more ~2k sq ft 4 bed / 2 bath options they'd be gobbling them up, but the market didn't create that buying opportunity.
 
Comparing similar "1/2 Ton" pickups over the last 30 years is shocking. Trucks I used to drive and think were full size are closer to mid-size or compact size now.
Unlike SUV's, I don't disagree with Term re trucks. There's practicality then there's excessive. The advances to second row seating have been great, but I don't think I can be convinced most of those with the rest of that extra space need it for work.
Right. I love my crew cab and can live with the shorter bed. It's the width and stance that is somewhat shocking when compared to previous generations. And don't get me wrong, I don't dislike it a bit.
 
Comparing similar "1/2 Ton" pickups over the last 30 years is shocking. Trucks I used to drive and think were full size are closer to mid-size or compact size now.
Unlike SUV's, I don't disagree with Term re trucks. There's practicality then there's excessive. The advances to second row seating have been great, but I don't think I can be convinced most of those with the rest of that extra space need it for work.
Right. I love my crew cab and can live with the shorter bed. It's the width and stance that is somewhat shocking when compared to previous generations. And don't get me wrong, I don't dislike it a bit.

I had a ram 1500 for same reason you laid out previously, ie the cheaper purchase price made it attractive even with the higher expected repair costs.

However, I downsized to Tacoma as it still has 6500 tow capacity and the smaller size makes it easier to drive in every day use.

I only tow my boat, once a month on a average, sad numbers I know :-( however I drive my truck every day.

Having that nicer tow experience once a month is not worth having the larger vehicle day in and day out.
 
If you guys can wait a year, this will be the best vehicle/value on the market.

Great performance and price. But for the love of god, am I the only person on the planet who doesn’t want an SUV/truck/crossover?
You don't have kids.
True.

But the US birth rate has been downtrending for decades, the very same time period sales of SUVs and trucks have exploded. I think it’s more a function of America’s bigger is better mentality.

I live in the northeast. In my city, we have a bunch of one way streets so in the winter when it snows, some of those streets don't get plowed. Smaller cars get stuck in the snow and I've spent many a snow storm helping people get their cars unstuck. For that reason I prefer owning an SUV. However, for the past 5 years of so, we've barely gotten any snow accumulation in here. Maybe one good storm in 5 years, so my sole reason for needing one is quickly disappearing.
 
If you guys can wait a year, this will be the best vehicle/value on the market.

Great performance and price. But for the love of god, am I the only person on the planet who doesn’t want an SUV/truck/crossover?
You don't have kids.
True.

But the US birth rate has been downtrending for decades, the very same time period sales of SUVs and trucks have exploded. I think it’s more a function of America’s bigger is better mentality.
I write this with no advanced research, but the first thought that came to mind was overlay SUV growth with van decline.
That’s probably a part of it, but overall, the shift away from cars to bigger vehicles in our lifetime has been fairly dramatic imo.

My firm is suing Rivian. They don't have a good grasp on what the cost of their cars should be because they don't have scale on parts.
 
AWD or just FWD. I just assumed I'd want AWD, but as I continue to internet warrior things I'm beginning to think it's not even a big deal. I live in Georgia. Do I need to take on the handful of cons, like slightly less mpg and harder on tires, for that maybe 2 weeks a year it would actually benefit me? Any thoughts on this?
Having driven Subaru for 15 years now over 3 different models, AWD comes in real handy, especially trying to parallel park or tight parking spots, makes things easy
U-Turns, you rarely have to worry about not being able to make a complete turn

My other vehicle in this stretch was a Volvo S60, great sedan but it didn't have AWD on the model I had, I wished it would have

All wheel steering would help you in those situations. All wheel drive would not.
 
If you guys can wait a year, this will be the best vehicle/value on the market.

Great performance and price. But for the love of god, am I the only person on the planet who doesn’t want an SUV/truck/crossover?
You don't have kids.
True.

But the US birth rate has been downtrending for decades, the very same time period sales of SUVs and trucks have exploded. I think it’s more a function of America’s bigger is better mentality.
I write this with no advanced research, but the first thought that came to mind was overlay SUV growth with van decline.
That’s probably a part of it, but overall, the shift away from cars to bigger vehicles in our lifetime has been fairly dramatic imo.

My firm is suing Rivian. They don't have a good grasp on what the cost of their cars should be because they don't have scale on parts.
Eagles fans I assume.
 
I laughed at a comedian when he joked about trucks these days are just minivans with a truck bed shoved on the back. He did a whole bit on it. Pretty funny.

Yep. When I see 4 door trucks with a 5.5 foot bed, I can't really understand what "truck" things they are using it for. The bed is too small for things like 8 foot 2x4s. Some might need it for towing, but I think mostly it's just a status thing.

I find a 6.5 foot bed is barely tolerable, but at least you can fit a face cord of firewood in it, and most fishing rods will fit just fine if you put them on an angle. An 8 foot bed would be great, but with a crew cab, the truck would be a real land yacht. Those are hard to park, and you'd need a barn if you wanted to park it inside.

SUVs are basically minivans now too. They used to be more rugged, they had more ground clearance, and frequently had off-road 4x4, instead of AWD. Now, most of them look like minivans without the sliding door. The funny thing is that sliding door is pretty awesome if you have kids. Minivans are way better and more functional for most folks who are driving SUVs but they just won't do it.

Most people don't use trucks or SUVs for what they were designed for, or for what the marketing campaign shows. It reminds me of an old Onion headline from the late 90s: Rugged new sport-utility vehicle takes on mall parking lot.
 
My firm is suing Rivian. They don't have a good grasp on what the cost of their cars should be because they don't have scale on parts.
Why are you suing them?
Probably because Santa doesn't come to town anymore.

Basicially, Rivian knew that the cost to produce cars was higher than the costs they were trying to sell them on the market and in order to be profitable, Rivian would need to significantly increase the price of the cars (which they eventually did). They failed to disclose to their investors that they knew they couldn't be profitable selling the cars at the price they sold them at.
 
My firm is suing Rivian. They don't have a good grasp on what the cost of their cars should be because they don't have scale on parts.
Why are you suing them?
Probably because Santa doesn't come to town anymore.

Basicially, Rivian knew that the cost to produce cars was higher than the costs they were trying to sell them on the market and in order to be profitable, Rivian would need to significantly increase the price of the cars (which they eventually did).
Why is that illegal?
 
My firm is suing Rivian. They don't have a good grasp on what the cost of their cars should be because they don't have scale on parts.
Why are you suing them?
Probably because Santa doesn't come to town anymore.

Basicially, Rivian knew that the cost to produce cars was higher than the costs they were trying to sell them on the market and in order to be profitable, Rivian would need to significantly increase the price of the cars (which they eventually did).
Why is that illegal?

Exchange Act 10(b)(5) prohibits false or misleading statements and any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security. Rivian executives knew that their cost to produce were greater than the costs they were selling cars at they had a duty to investors to disclose that information to the public. Part of Rivian's sales tactics were that they were selling premium trucks as lower costs. So, they did a $12B IPO knowing that they were going to have to raise the price of their cars but waited until after the IPO was done before going public with that information. That information should have been disclosed in the IPO documents.
 
My firm is suing Rivian. They don't have a good grasp on what the cost of their cars should be because they don't have scale on parts.
Why are you suing them?
Probably because Santa doesn't come to town anymore.

Basicially, Rivian knew that the cost to produce cars was higher than the costs they were trying to sell them on the market and in order to be profitable, Rivian would need to significantly increase the price of the cars (which they eventually did).
Why is that illegal?

Exchange Act 10(b)(5) prohibits false or misleading statements and any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security. Rivian executives knew that their cost to produce were greater than the costs they were selling cars at they had a duty to investors to disclose that information to the public. Part of Rivian's sales tactics were that they were selling premium trucks as lower costs. So, they did a $12B IPO knowing that they were going to have to raise the price of their cars but waited until after the IPO was done before going public with that information. That information should have been disclosed in the IPO documents.
The pricing part isn't what's illegal, in short. The problem is the communication, or lack thereof, about pricing to investors when they knew.

If they were just dumb at first and figured out later they would need to raise costs, it wouldn't be an issue.
 
My firm is suing Rivian. They don't have a good grasp on what the cost of their cars should be because they don't have scale on parts.
Why are you suing them?
Probably because Santa doesn't come to town anymore.

Basicially, Rivian knew that the cost to produce cars was higher than the costs they were trying to sell them on the market and in order to be profitable, Rivian would need to significantly increase the price of the cars (which they eventually did).
Why is that illegal?

Exchange Act 10(b)(5) prohibits false or misleading statements and any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security. Rivian executives knew that their cost to produce were greater than the costs they were selling cars at they had a duty to investors to disclose that information to the public. Part of Rivian's sales tactics were that they were selling premium trucks as lower costs. So, they did a $12B IPO knowing that they were going to have to raise the price of their cars but waited until after the IPO was done before going public with that information. That information should have been disclosed in the IPO documents.
The pricing part isn't what's illegal, in short. The problem is the communication, or lack thereof, about pricing to investors when they knew.

If they were just dumb at first and figured out later they would need to raise costs, it wouldn't be an issue.
Will there be a class action suit?
 
My firm is suing Rivian. They don't have a good grasp on what the cost of their cars should be because they don't have scale on parts.
Why are you suing them?
Probably because Santa doesn't come to town anymore.

Basicially, Rivian knew that the cost to produce cars was higher than the costs they were trying to sell them on the market and in order to be profitable, Rivian would need to significantly increase the price of the cars (which they eventually did).
Why is that illegal?

Exchange Act 10(b)(5) prohibits false or misleading statements and any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security. Rivian executives knew that their cost to produce were greater than the costs they were selling cars at they had a duty to investors to disclose that information to the public. Part of Rivian's sales tactics were that they were selling premium trucks as lower costs. So, they did a $12B IPO knowing that they were going to have to raise the price of their cars but waited until after the IPO was done before going public with that information. That information should have been disclosed in the IPO documents.
The pricing part isn't what's illegal, in short. The problem is the communication, or lack thereof, about pricing to investors when they knew.

If they were just dumb at first and figured out later they would need to raise costs, it wouldn't be an issue.
Will there be a class action suit?

Correct, it's not illegal to mis-price your products, that's just bad business. The problem for Rivian was that once they were aware that their products were mis-priced and that they would have to raise prices, instead of informing the public, they first did a $12B IPO, then almost immediately after the IPO, they raised the price of the vehicles (which weren't in production yet) and tanked the stock. I won't assume they have their initial price targets better refined, maybe they do,

There are already multiple class action complaints filed.
 
My firm is suing Rivian. They don't have a good grasp on what the cost of their cars should be because they don't have scale on parts.
Why are you suing them?
Probably because Santa doesn't come to town anymore.

Basicially, Rivian knew that the cost to produce cars was higher than the costs they were trying to sell them on the market and in order to be profitable, Rivian would need to significantly increase the price of the cars (which they eventually did).
Why is that illegal?

Exchange Act 10(b)(5) prohibits false or misleading statements and any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security. Rivian executives knew that their cost to produce were greater than the costs they were selling cars at they had a duty to investors to disclose that information to the public. Part of Rivian's sales tactics were that they were selling premium trucks as lower costs. So, they did a $12B IPO knowing that they were going to have to raise the price of their cars but waited until after the IPO was done before going public with that information. That information should have been disclosed in the IPO documents.
The pricing part isn't what's illegal, in short. The problem is the communication, or lack thereof, about pricing to investors when they knew.

If they were just dumb at first and figured out later they would need to raise costs, it wouldn't be an issue.
Will there be a class action suit?

Correct, it's not illegal to mis-price your products, that's just bad business. The problem for Rivian was that once they were aware that their products were mis-priced and that they would have to raise prices, instead of informing the public, they first did a $12B IPO, then almost immediately after the IPO, they raised the price of the vehicles (which weren't in production yet) and tanked the stock. I won't assume they have their initial price targets better refined, maybe they do,

There are already multiple class action complaints filed.
Allegedly
 
My firm is suing Rivian. They don't have a good grasp on what the cost of their cars should be because they don't have scale on parts.
Why are you suing them?
Probably because Santa doesn't come to town anymore.

Basicially, Rivian knew that the cost to produce cars was higher than the costs they were trying to sell them on the market and in order to be profitable, Rivian would need to significantly increase the price of the cars (which they eventually did).
Why is that illegal?

Exchange Act 10(b)(5) prohibits false or misleading statements and any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security. Rivian executives knew that their cost to produce were greater than the costs they were selling cars at they had a duty to investors to disclose that information to the public. Part of Rivian's sales tactics were that they were selling premium trucks as lower costs. So, they did a $12B IPO knowing that they were going to have to raise the price of their cars but waited until after the IPO was done before going public with that information. That information should have been disclosed in the IPO documents.
The pricing part isn't what's illegal, in short. The problem is the communication, or lack thereof, about pricing to investors when they knew.

If they were just dumb at first and figured out later they would need to raise costs, it wouldn't be an issue.
Will there be a class action suit?

Correct, it's not illegal to mis-price your products, that's just bad business. The problem for Rivian was that once they were aware that their products were mis-priced and that they would have to raise prices, instead of informing the public, they first did a $12B IPO, then almost immediately after the IPO, they raised the price of the vehicles (which weren't in production yet) and tanked the stock. I won't assume they have their initial price targets better refined, maybe they do,

There are already multiple class action complaints filed.
Allegedly

Correct. The above is all factual public information. The question of fact is what date did Rivian execs become aware the need to raise prices. Since the case is ongoing, I can't reveal any confidential information.
 
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Ah...one of those lawsuits where the ambulance chasers badger a productive company into a settlement and if the shareholders spend hours documenting every stock trade purchase/sale by date they might get a check for $1.17 cents after the lawyer fees are paid.
 
Ah...one of those lawsuits where the ambulance chasers badger a productive company into a settlement and if the shareholders spend hours documenting every stock trade purchase/sale by date they might get a check for $1.17 cents after the lawyer fees are paid.

I'm not sure I'd call my firm "ambulance chasers". We've settled roughly $10B in litigation claims for shareholders in the past 5 years and more recently we've settled over $2B in the past 12 months. Those type of cases take years to litigate.

In fact, the case I'm working on now has been ongoing since 2019, and we finally got the 9th Circuit to grant us discovery.
 
Ah...one of those lawsuits where the ambulance chasers badger a productive company into a settlement and if the shareholders spend hours documenting every stock trade purchase/sale by date they might get a check for $1.17 cents after the lawyer fees are paid.

I'm not sure I'd call my firm "ambulance chasers". We've settled roughly $10B in litigation claims for shareholders in the past 5 years and more recently we've settled over $2B in the past 12 months. Those type of cases take years to litigate.
$2B in the last 12 months is on target with $10B in the last 5 years. I'm just having fun here, but it came off like things had spiked for you this trailing 12 months, when you highlighted "and more recently...".

What we really want to know is if there's a model to target with the used ones that were sold at lower prices?
 
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Ah...one of those lawsuits where the ambulance chasers badger a productive company into a settlement and if the shareholders spend hours documenting every stock trade purchase/sale by date they might get a check for $1.17 cents after the lawyer fees are paid.

I'm not sure I'd call my firm "ambulance chasers". We've settled roughly $10B in litigation claims for shareholders in the past 5 years and more recently we've settled over $2B in the past 12 months. Those type of cases take years to litigate.
$2B in the last months is on target with $10B in the last 5 years. I'm just having fun here, but it came off like things had spiked for you this trailing 12 months, when you highlighted "and more recently...".

What we really want to know is if there's a model to target with the used ones that were sold at lower prices?

Some cases are more than others. So we've had more cases in the past 2 years. But we've done larger cases in the past.
 

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