4 ms·
I think a big part of that is changing consumer preferences for larger cars and, to a lesser extent, hybrids and EVs. As one data point, the 2004 Corolla LE's
by mastax 4y ago
I think a big part of that is changing consumer preferences for larger cars and, to a lesser extent, hybrids and EVs.
As one data point, the 2004 Corolla LE's MSRP of $13,570 is $22,063 in 2023 dollars. The 2023 Corolla LE's MSRP is $21,550. And that's a larger and more featureful car.
Used cars are still really expensive though.
- bena 4y agoYeah, I just went check for a new Honda Civic, it's what I think of when I think of "average car" and it's in the 26/27 range. So it's gotta be partly because preferences have gone towards trucks and SUVs that are not only larger, but more expensive.
- klooney 4y agoThey don't even sell the old LX trim, it starts at Sport now.