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“The Car Coach” Lauren Fix on the impact on car prices of the Administration’s new fuel efficiency standards.
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Welcome back the administration's.
Push for -- Green cars.
-- cause you know a lot -- Green a new study commissioned by the national auto dealers association.
-- in the government's new fuel efficiency standards will spike car prices higher by nearly 3000 dollars per vehicle.
And that group that's an axe to grind it is not thrilled with the new rules but neither -- my next guest and she's simply the she's Lauren fix and she joins me now weren't you make of this new study.
Well I agree with that I mean your chart in -- prices of cars going up between 2900 in 121000 dollars.
And what do you think's gonna pay for all that you are when you're gonna buy new car -- the issued to -- bid to raise my car prices are going up because people want more bells and whistles on the cards.
-- what does that have to do with -- as well.
Well first -- the couple factors.
When you want to -- get that much better fuel economy it's -- comes up from some -- it's going to be technology.
And that technology's going to include alloys.
It's gonna be lighter weight materials more plastics more recycled components.
As all of that has to come from somewhere on this technologies eight speed transmissions.
Someone has to pay for all this and that's going to be you with the consumer so what that means as those people that put a lot of -- -- maybe 101000 dollars.
-- -- to raise your lowest -- car the entry point for new cart around 151700.
Dollars.
A lot of money in a lot of people can't afford that so what does -- mean.
Used car prices go up as well so people are kind of a catch point -- -- up with a lot of people bit millions of people.
With the inability to purchase a new car how much are used car prices going up because of us.
Well they've got quite substantially are ready partly because of the cost of gasoline.
But the total percentage obvious this is on speculation we don't know but there are some other factors I think this administration only looks -- for their noses and forgets to realize.
-- -- What about all these companies are gonna be affected if dealers are making sales of sport affect your profits that could affect the people that they hire that includes -- used car lots and any other and what about filling stations of gas prices are 54.
You know at 54 miles a gallon.
Filling stations are gonna be less prevalent and then in addition.
Durbin allusion revenues because the fuel economy is so high because they make their money -- of gas taxes so we're going to get -- next miles of a gallon.
And everything is getting taxed at some point.
They're gonna lose revenues and I have to compensate -- you -- you're right you can't tax -- electric vehicle -- could do with gas taxes -- that -- talk of you know right assessing that tax I've told booths or pro miles.
You know driven is that what's been -- push on that trend.
Well lot of black people don't hybrid cars really don't care stick together not using any gas.
But for the rest of us who don't always remember there's only a small percentage of people that actually have purchased hybrid cars and last month it was only like 2%.
It's not taking especially the very expensive hybrid and the BMW they act of hybrids and Alexis -- our -- they're just not selling people don't want the note I can't.
Twelve years or maybe -- like trying to recoup your money are Lauren Lauren to got to leave it there sorry -- heartbreak coming up Lauren fix the the -- that I really appreciate it net.
