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> "In 1919, Ford’s Model T cost £170—around $12,000 in 2022 dollars." Amazing. In real terms, entry-level cars have doubled in price. We could use a new Henry
by FooBarBizBazz 4y ago
> "In 1919, Ford’s Model T cost £170—around $12,000 in 2022 dollars."
Amazing. In real terms, entry-level cars have doubled in price. We could use a new Henry Ford.
- kalleboo 4y agoI think a lot of the cost comes from minimum safety standards that didn't exist before. I don't think there's that much margin to lower car prices (apart from the dealer price hikes from covid/chipageddon) In Japan you can get a brand new Suzuki Alto for $8000. And it even has a 7-inch touch screen with CarPlay support. But you wouldn't want to get into a crash with one of those on a U.S. highway.
- Retric 4y agoUsed cars largely fill this rule. Ultra cheap new cars do show up in emerging markets where decent used cars are in short supply.