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Momentum V165

Discussion in 'In The News' started by Coss, Jul 25, 2018.

  1. Coss

    Coss Moderator Staff Member Moderator

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    Elio Motors Momentum v165



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    While the Model T, the symbol of affordable transportation sold for $260 in 1925 (approximately $4,000 when adjusted for inflation,) the average new vehicle costs $36,270 today according to Kelly Blue Book. It has grown increasingly difficult for most Americans to find affordable transportation.


    *MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation.

    Certain statements in this email including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this email. Elio Motors assumes no obligation to update the information in this email.

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    Elio Motors 2942 North 24th Street Suite 114-700 Phoenix, AZ 85016 US
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  2. Coss

    Coss Moderator Staff Member Moderator

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    Page 2
    The Search for Affordable Transportation
    July 25, 2018

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    It should come as no surprise that the things we buy are consistently getting more expensive. While we often pine for the “good old days” when movie tickets were had for a nickel, a gallon of milk cost a dime, and a square meal required a single dollar bill, those days are far in the rearview mirror. When considering factors such as inflation, the cost of products will naturally climb. The purchase of a vehicle, however, has seemed to quickly outpace other products in terms of cost. While the Model T, the symbol of affordable transportation sold for $260 in 1925 (approximately $4,000 when adjusted for inflation,) the average new vehicle costs $36,270 today according to Kelly Blue Book. It has grown increasingly difficult for most Americans to find affordable transportation.

    The rise of new car prices has a direct and significant impact on the average American. In fact, it was found that the average American can no longer afford to purchase a new vehicle. According to Roadloans, “New-car prices have risen in step with the economy since the Great Recession and the average price is now beyond the means of most median-income Americans, says Bankrate.com, which based its calculations on the 20/4/10 rule of a 20 percent down payment, four-year loan and payments of principal, interest and insurance making 10 percent of a household’s income.” There are several reasons that new car prices have reached record heights.

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    As you can imagine, inflation plays a major role in the gradual but stark increase in new car prices. According to the Wall Street Journal, the current inflation rate is 2%. The Los Angeles Times has found that the rise in new car prices over the past year to be 4 percent, double that of inflation. The Los Angeles Times also finds that the rise in automobile prices is indicative of things to come: “Auto sales were strong in January, with average prices up 4% — an early sign of an inflationary economy.”

    Inflation is not the only reason that new vehicle prices are at all-time highs. As vehicles have continued to improve in quality, the list of traditional standard equipment has grown longer. Many manufacturers have decided to include what were once considered options as essential parts of a standard package, to great financial gain. This practice has led to a lack of truly affordable vehicles for the average American.

    Car buyers looking for a break in the used car market are likely to find a bumpy road. According to Fox Business, “Analysts have expected used-car prices to drop as more off-lease vehicles hit the market. But in the first quarter, the average transaction price of a used vehicle climbed 2.2% year-over-year to $19,657, according to analysis by Edmunds.”

    It might be impossible to get back to the “good old days,” but it’s possible to adopt some of their principles. As the average American cannot afford a new vehicle, focusing on the basics might be a good way to usher in the next generation of affordable transportation.
     
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  3. booboo

    booboo Elio Addict

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    "I've got holes in my shoes
    And I'm way overdue
    Down payment blues"
     
  4. Made in USA

    Made in USA Elio Addict

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    Not sure what Elio Motors is expecting out of this Momentum. Those of us that have been waiting a long time are getting tired of the "if we had made the Elio by now think of all the joys and benefits you would have". This Momentum also doesn't seem aimed at new potential buyers because they have not done anything to promote the vehicle. No shows, nothing in the news.

    So here's my "Momentum", version 2050. Our vehicle is the absolute best in that it has no tires. Using new technology, our vehicle floats on a cushion of air, is solar powered, makes no noise, has lay down seats that can give a whole massage while automatically taking you where you want. When sitting idle, the solar power is routed to the world wide grid, so in essence the vehicle pays for itself. The body is covered with a color changing paint, the color determined by the operator interface. The body panels themselves can also change shape for either aerodynamics or esthetics. Note: Until the FAA allows higher flying, this vehicle is limited to 5,000 ft. We are working on legislation that would expand this to 20,000 over the ocean.
     
  5. Frim

    Frim Elio Addict

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    I still want mine in creamsicle with window tint.
     
  6. RSchneider

    RSchneider Elio Addict

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    Elio brings up a good point. They have been using the "targeted" price but since inflation is at 2%, then the Elio will be going up 2%. per year and the cost for Elio to get to production goes up 2% per year. With the selling price last year at $7,526 that means that the price today is $7,626 and in 2019 $7,778 and $7,933 in 2020. Cost for getting to production was $376.1M now it's $383.6M, $391.2M in 2019 and $399.02M for 2020. It's good to see that Elio recognizes that inflation affects the price of a car and that they are not immune to it also. Same for getting to production. At least with Eliocoin, they will make in excess of what they need for production and should be able to take the hit on the deep discounts that many already have.

    With the average price of an Elio being $10,700, in 2019 it'll be $10,914, $11,132 in 2020. That will allow Elio to make a pretty good profit on each car and well in excess of the $1K that has been thrown around. That will make the Eliocoin a good investment.
     
  7. Hog

    Hog Elio Addict

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    I think using the word "Momentum" is wild irony at this point, there is no momentum at all...
     
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  8. Coss

    Coss Moderator Staff Member Moderator

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    But the stock have good momentum currently (well better then Tesla)
    As of today:
    Elio
    5.10 2.2%
    TSLA
    297.19 -3.0%
     
  9. Johnny Acree

    Johnny Acree Elio Addict

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    Todays blog is out. I'll let Coss post it.
     
  10. Coss

    Coss Moderator Staff Member Moderator

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    Done moments after you said something.
     

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