Re:Tesla’s Nemesis in China Is a Tiny $5k Electric Car from GM
by bradlys on Saturday September 26, 2020 @09:34PM
(#24603504)
Longer term loans are also more common now. 5 years was typical but now 7 years is becoming even more common.
Re:Tesla’s Nemesis in China Is a Tiny $5k Electric Car from GM
by beezle on Sunday September 27, 2020 @12:36AM
(#24604256)
Safety features have added a lot to prices.
Re:Tesla’s Nemesis in China Is a Tiny $5k Electric Car from GM
by rsynnott on Sunday September 27, 2020 @01:00AM
(#24604344)
Not sure that’s right. Base prices don’t really seem to have risen; people are just buying higher end cars.
That said, I find it notable that the average price of new cars in the US has typically been rising faster than income over the last decade or so. This would indicate, bluntly, effective advertising, rather than resources, being a big driver of the huge car thing. Average new car price in the US is creeping up on average annual income. This isn’t just an American problem, incidentally; it’s happening in a good few countries.