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Cars ARE cheaper. However, as a sibling commenter mentions, consumers demand more features, so they're spending about the same (inflation adjusted). I took the
by GFischer 10y ago
Cars ARE cheaper. However, as a sibling commenter mentions, consumers demand more features, so they're spending about the same (inflation adjusted).
I took the time to investigate a few months ago and came up with this (UK-centric) example:
Let's take a cheap car from the 1960s, an Austin Mini Cooper.
A 1960s Mini Cooper was about 500 pounds. That's 10.000 pounds in today's money.
Today you can buy a Dacia Sandero for 6.000 pounds. That's almost half of a Mini Cooper.
https://news.ycombinator.com/item?id=12551017 https://news.ycombinator.com/item?id=12551017
http://www.thisismoney.co.uk/money/cars/article-2232885/Top-5-cheapest-brand-new-cars-buy-Britain.html http://www.thisismoney.co.uk/money/cars/article-2232885/Top-...
- nommm-nommm 10y ago>consumers demand more features I don't think customers demand more features as much as governments mandate more [safety] features. Well, maybe some features are mostly market driven like power windows replacing crank windows and keyless entry. But I believe car companies would build bargain basement death machines if they were legally allowed to. Here's some inflation adjusted average car prices for the US - http://whnt.com/2016/04/25/the-average-car-now-costs-25449-how-much-was-a-car-the-year-you-were-born/ http://whnt.com/2016/04/25/the-average-car-now-costs-25449-h... Cars were the cheapest in the early 70s.
- GFischer 10y agoInteresting graph :) . To be honest, we have some "bargain basement death machines" on the road here in Uruguay... but they sure beat the alternative (unsafe motorbikes). In particular, the Chery QQ (cost in China about U$ 4000) is huge here. https://en.wikipedia.org/wiki/Chery_QQ3 https://en.wikipedia.org/wiki/Chery_QQ3