4 ms·
Jaguars And Range Rovers aren't "I need a car" cars. They are optional luxury goods. The lack of new Range Rovers and Jaguars won't keep anyone from getting to
by SyzygistSix 6y ago
Jaguars And Range Rovers aren't "I need a car" cars. They are optional luxury goods. The lack of new Range Rovers and Jaguars won't keep anyone from getting to work or the store. So I don't think the effect will be nearly as drastic as it would be if the number of Camrys and Hiluxs had to be curtailed.
- nottorp 6y ago... but guess who's next?
- hyko 6y agoWait, so you think if a Veblen good becomes more scarce there will be no price increases around it? won’t keep anyone from getting to work or the store I can tell you that luxury vehicles transport plenty of people to work or the store just fine, and if they break down, written off, or are stolen they require replacement just the same.
- imtringued 6y agoYou're right, people buy luxury cars for the exclusivity and a shortage can only make the products even more exclusive.