Topic: 2023 Hyundai Palisade Review and Video

[valuator]

The loss of the base Dodge Caravan and Journey for $19,995 really hurt budget-constrained families.

[Fobroader]

No no, the loss of the Journey is a great thing for all of human existence. The Caravan, sure, I get that. A Journey is a bit of a step up from a bus pass/cycling, not much.

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[ktm525]

Limited chips means more high end (higher margin) vehicles are prioritized by manufacturers. Longer lease/finance terms for the unwashed masses. Those that cannot afford are buying used and that is why the market for a clapped out, rebuilt status CUV is $20k+ at a buy here, pay here lot. Nasty.

[revalations]

The loss of the base Dodge Caravan and Journey for $19,995 really hurt budget-constrained families.

And it really hurt Dodge dealers. Those were their bread and butter vehicles. They sold a ton, our local dealer told me he’d sell 30-40 per month alone. And as crappy as they were compared to class leaders, they did suit that budget family well. My sister in law is on year 8 owning a Caravan CVP and they’ve had really good service out of it.


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[PJungnitsch]

Used see tons of the short Caravans around here. Not just families, seniors loved them too. Seemed like a very practical hatchback for getting around and hauling stuff, plus short and handy for parking

Was never sure why Chryco dumped them, this was a segment they basically owned. Some money and effort put into reliability was all they needed

The domestics have an unfortunate habit of changing directions instead of honing a good idea until it is great

[TheHire]

The loss of the base Dodge Caravan and Journey for $19,995 really hurt budget-constrained families.

And it really hurt Dodge dealers. Those were their bread and butter vehicles. They sold a ton, our local dealer told me he’d sell 30-40 per month alone. And as crappy as they were compared to class leaders, they did suit that budget family well. My sister in law is on year 8 owning a Caravan CVP and they’ve had really good service out of it.


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Yeah, you're absolutely right. Yes, to us enthusiasts these vehicles were absolute junk, but for families on a very tight budget, a sub-$20k seven-seater with a full manufacturer's warranty and amazing financing options was a real ticket into a decent vehicle.

[Patrick_D1]

Limited chips means more high end (higher margin) vehicles are prioritized by manufacturers. Longer lease/finance terms for the unwashed masses. Those that cannot afford are buying used and that is why the market for a clapped out, rebuilt status CUV is $20k+ at a buy here, pay here lot. Nasty.

Correct. Simple math: let's say you'd normally build 10,000 units of a given model in a "normal" year. Of that, you'd normally run a 40% mix of the top-trim vehicle.

Enter supply shortages on a key platform component; now you can only build 6,000 this year. In nominal terms, you'd normally have moved 4,000 top trim cars. Assuming you can get the parts required, naturally you'll still build the 4,000 units of the top trim (presumably most-profitable) unit - meaning its mix increases to 67%.

Every OEM has been doing this same dance since mid-2021.