RUCRAYZE
Elio Addict
well stated, thanksA few things to remember, the average cost of a brand new Elio is $10,800. This is according to what Paul Elio has said. He did not include shipping and destination charges, so let's just add $400 onto that for a total of $11,200 on average for what people will pay for a brand new Elio. Only information I can find on compact cars are that the average price for a three year unit is about $13,500. I can't find information on subcompact but I'd suspect the number would be lower but on the other hand, cars like Aston Martin are considered a subcompact, thus finding a real accurate number would be a challenge.
With that being said, a 3 year old CPO car can be had without a problem. I know we have covered this many times but those conversations are dated. So I just took a look at what I could buy locally (within 50 miles) right now and only a CPO. Plus, used cars don't have shipping and destination charges and you can talk down a dealer at least $500 which you cannot for Elio.
2016 VW Jetta that has 50K on the clock for $11,499 2015 VW Jetta that has 26K on the clock for $11,780 2016 Ford Fiesta with 23K on the clock for $11,550 2014 Chevy Sonic with 51K on the clock for $9,660 2016 Chevy Sonic with 12K on the clock for $10,950 2015 Chevy Sonic with 46K on the clock for $11,000
Paul Elio has admitted that the Elio is an “and” car. That means, the second cheap car you drive during the week and then use that big SUV/Pickup for hauling around the family on the weekend. That's the market he's going after because he's repeated the “and car” a number of times. For an “and car”, people will look into the car's I listed above, not a $30K used SUV. As for the poor that need to get out of the poverty cycle (as per Paul Elio) the cars above will compete against the Elio, not a $25K used crossover.
When Elio Motors brings up the $19K average used price, it goes against what Paul Elio says. Elio Motors needs to be comparing compact and subcompact cars, not Pickups and SUV's.