Neil E. Hodges

2024-11-16 21:41:14

They are milking their customers for all they're worth. Just like Harley, they're charging more for more-or-less the same product to prop up their earnings. >:(

Even worse is that Americans have been made captive consumers due to land use policies influenced by the automakers over the past century. D:<

Why American Cars Are So Expensive

Cars once promised independence and transportation for all Americans. Now, they are a luxury product that cost about $50,000, nearly 30% higher than just a few years ago. Affordable vehicles, especially those below the price of $20,000, have nearly disappeared. And while Automakers pulled in record profits in 2023, slim margins combined with deep investments into EV batteries, software and other technology is making it hard to produce cars much cheaper. Chinese automakers can, but they're impeded by tariffs and rules. Insiders say that is just a bandage - automakers need to compete.