That’s kinda skewed by all the super expensive vehicles right? You can still get sub-30k cars. The bad trend IMO is that the sub-25k cars are slowly disappearing. The used car market is terrible too, where the prices are pretty much close to brand new that you’re better off getting new for the warranties.
Used cars market is like that when prices are rising & folk have to buy used cars (more demand on the same or possibly lower supply of used vehicles bcs ppl don’t sell them/hang on to them for longer).
Another issue is that you can easily spec a vehicle to $80k or more, even without adding all of the options. Plus, getting a $100k vehicle isn’t very difficult either.
That’s a consequence of car dependence. Being dependent on cars means cars are an inflexible good. You must buy one to live.
A captured market means manufacturers don’t care about selling a cheap car. They’ll sell only expensive, high-margin ones. And you’ll pay because you must.
That’s kinda skewed by all the super expensive vehicles right? You can still get sub-30k cars. The bad trend IMO is that the sub-25k cars are slowly disappearing. The used car market is terrible too, where the prices are pretty much close to brand new that you’re better off getting new for the warranties.
Used cars market is like that when prices are rising & folk have to buy used cars (more demand on the same or possibly lower supply of used vehicles bcs ppl don’t sell them/hang on to them for longer).
Another issue is that you can easily spec a vehicle to $80k or more, even without adding all of the options. Plus, getting a $100k vehicle isn’t very difficult either.
That’s a consequence of car dependence. Being dependent on cars means cars are an inflexible good. You must buy one to live.
A captured market means manufacturers don’t care about selling a cheap car. They’ll sell only expensive, high-margin ones. And you’ll pay because you must.