4 ms·
https://fred.stlouisfed.org/series/CUSR0000SETA02 https://fred.stlouisfed.org/series/CUSR0000SETA02
by throw_nbvc1234 4y ago
https://fred.stlouisfed.org/series/CUSR0000SETA02 https://fred.stlouisfed.org/series/CUSR0000SETA02
- Dylan16807 4y agoSo you're linking the used car chart specifically, which changed a lot more than inflation. Is that to say they're greedily following the market, promises be damned? As far as inflation goes, Dec 2019 to Dec 2022 is about a 15% increase, which would bring the equivalent of that $35000 car up to $40500. This $3k price drop still leaves a more than $3k gap in inflation-adjusted price.
- bryanlarsen 4y agoThe $35,000 promise was made Jan 2015. 35,000 in 2015 is over $43k today.
- Dylan16807 4y agoI think it's fair to go based on actual launch date. They knew they weren't going to offer it right away. Inflation was normal from 2015-2019 so that should have been baked into the announcement. Imagine if it had launched with inflation included. Here's your $35000 car, for only $38500. I don't think people would have been happy.
- bryanlarsen 4y agoSure, that makes sense. Launch date was July 2017. $35,000 in July 2017 is $42776.88 in December 2022.
- Dylan16807 4y ago> Launch date was July 2017. Why does the article above say "available now" February 28, 2019? Oh, the model 3 in general launched in July 2017. But that didn't include the $35k version.
- somerandomqaguy 4y agoTrue, but hasn't inflation significantly outpaced wages for the last little while?
- belltaco 4y agoIf they sold it at $35K, the scalpers would be the ones profiting, since used car prices would be above new car prices. I'd rather that the manufacturer gets the money rather than slimy middlemen like scalpers(or car dealers for other manufacturers).