←back to thread

152 points voisin | 2 comments | | HN request time: 0s | source
Show context
bartvk ◴[] No.42168473[source]
https://archive.ph/9oIT4

I wish it would have adjusted for inflation. One quote: "The average transaction price for a new vehicle sold in the U.S. last month was $48,623, according to Kelley Blue Book, roughly $10,000 higher than in 2019, before the pandemic." However, about 9200 euros of that is due to inflation according to this calculator: https://www.usinflationcalculator.com/

That's a nitpick though. All in all, an interesting article, which can be summarized as: the EV car market is lacking demand, and car makers definitely don't want to make cheap EVs since it's already so hard.

replies(6): >>42168514 #>>42168570 #>>42168574 #>>42168580 #>>42174015 #>>42174403 #
AgentOrange1234 ◴[] No.42168570[source]
If even ICE cars are now super expensive, why isn’t this a screaming opportunity for some auto manufacturer to target the low end of the market?

I’ve never spent more than 20k for a car. With prices like this, I’m just going to keep my old one as long as I can.

replies(13): >>42168584 #>>42168591 #>>42168650 #>>42168697 #>>42168743 #>>42168748 #>>42168749 #>>42168762 #>>42168788 #>>42172709 #>>42173145 #>>42173595 #>>42173943 #
bluedino ◴[] No.42168591[source]
Kia sells quite a few cars that start at $20k, like the Soul and Forte
replies(3): >>42168633 #>>42168714 #>>42172540 #
warner25 ◴[] No.42168714[source]
The Nissan Versa currently starts around $17k, and I see a lot of those on the road. The Mitsubishi Mirage is similarly priced but I don't think I've ever seen one in the wild. I rented a Kia Soul a few years ago and thought it was perfectly fine.

But with so few options, like the parent, I'm planning to keep my current car (a 2008 Prius) indefinitely, just paying for repairs as needed until parts are unavailable or nobody is willing to do the work.

My worry is that US automakers have all but abandoned the compact and midsize economy car segments, and I don't know what tariffs will mean for the Japanese and Korean automakers that do cover these segments. But see my other comment about the pendulum swinging back and forth.

replies(4): >>42168828 #>>42169818 #>>42172538 #>>42173396 #
vundercind ◴[] No.42173396[source]
Closer to $20k than $10k seems insane for a budget-tier car, to me. I guess that's my age showing, but it wasn't that long ago (ten years ago? Twelve?) my in-laws got basically two identical Chevys of their shittiest possible model for under $10,000 combined. Granted I think it was the previous model year, but they weren't used cars or anything.
replies(1): >>42173949 #
mikestew ◴[] No.42173949{3}[source]
40 years ago, the Yugo was sold in the U. S. for $4500. I’m not questioning the truth of your story, but I think it a poor basis for arguing that cars should be $10K today. The dealer obviously was willing to take a loss to get those Chevys off the lot.
replies(1): >>42174188 #
vundercind ◴[] No.42174188{4}[source]
MSRP in 2010 (first I could easily find from around the same period—this was a couple years later) for the worst Chevy Aveo was under $5,000, and MSRP was rather more aspirational (bullshitty) then than it seems to be now, as far as what cars actually sell for. This wasn't even that big a mark-down from MSRP.
replies(2): >>42174393 #>>42175829 #
warner25 ◴[] No.42174393{5}[source]
I don't think so... I vividly remember Nissan running commercials for the Versa in late 2008 during the darkest depths of the recession because it was one of the last models selling in the US for under $10k (like $9,990 if you got the manual transmission, etc.). There was also the Smart Fortwo, but it was a two-seater.

This page from KBB says that the 2008 Chevy Aveo "had a starting MSRP of $10,610 when new." https://www.kbb.com/chevrolet/aveo/2008/

However, KBB's page for the 2008 Versa also says that it "had a starting MSRP of $14,025 when new" so maybe you're right? Maybe they're adjusting for inflation? It was a crazy time, obviously, with deflation so maybe there were huge discounts.

replies(1): >>42174477 #
1. vundercind ◴[] No.42174477{6}[source]
Oh weird, maybe my source was fucked then. I did find it generally hard to find any reliable-seeming info about historical car MSRPs, which seems... odd? It's strange the ways the Web fails to provide certain information (or rather, in this case, I expect it's the way modern search engines fail to surface the information we're looking for).

I bought my only-ever (and probably last-ever, as I can't stomach the prices now) new car as a 2012 Nissan Sentra, and I think it was around $14k and was definitely a way, way better car than the infamous Chevy Aveo (and a big step up from the Versa in size, power, et c., for that matter).

replies(1): >>42175355 #
2. warner25 ◴[] No.42175355[source]
Agreed. The Web seems to have a shorter memory than many of us like to think, and ironically seems to be getting shorter.