Has anyone else in the USA noticed this?
By scorpiobabes
@scorpiobabes (7225)
United States
February 27, 2011 9:48am CST
Prior to the near-collapse of the car industry, automobiles that were from Ford, Chevy and Chrysler (the Big Three) were largely unaffordable? And suddenly (well, 2-3 years later), we are seeing car prices that don't require a second mortgage, or offering our newborn children to buy? There's more opportunities for high-mileage and electric cars that are affordable than before.
WHY did it take that long???
Your thoughts, theories (or conspiracies) or opinions please!
1 response
@NatashaBird (640)
•
27 Feb 11
there are several possiblities that i can think of for why this may ahve happened.
firstly, as technology advances what would once have been top of the range and highly expensive become more mundane and cheaper to produce. people are also less likely to splash out on expensive cars that do not offer any thing innovative and so even companies kept their prices high for these vehicles they woudl not sell and so no priofit would be made.
there is also the option that since the industry nearly collapsed these companies have realised that they need to start focusing their products on the mass market rather than the rich minority and so have begun producing more affordable cars that will appeal to the majority of customers.
birdie -
@scorpiobabes (7225)
• United States
27 Feb 11
Birdie, I'd like to think the second option is more true. I think that there should be a "scarcity" value on cars too--a few years ago, Dodge introduced the new Challenger. Even with gas prices climbing, it sold out. It made the car instantly coveted by anyone who wanted a muscle car! Of the three, I think Chrysler has been the slowest to recognize that the entire economy HAS changed.
I wonder how long will it take for the economy to recover to it's pre-recession level?


