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Much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The more they charge for a car, the more money they make off it.
Regulations, tariffs, and other government-imposed hurdles reward American car companies for building bigger, more expensive trucks and keep out any potential competitors.
A 2025 Rivian RIT pick-up truck starts at $71,000. Like the Tesla, the Rivian is an expensive vehicle to repair. ... “The Renegade is one of the most expensive vehicles in its class,” Edmunds ...
Manufacturers made 15% to 20% profit margin on an SUV, compared to 3% or less on a car. [102] When gasoline prices rose above $4 per gallon in 2008, Americans stopped buying the big vehicles and Big Three sales and profitability plummeted. The 2007–2008 financial crisis played a role, as GM was unable to obtain credit to buy Chrysler.
A Ford Excursion SUV next to a Toyota Camry compact. Sport utility vehicles (SUVs) have been criticized for a variety of environmental and automotive safety reasons. The rise in production and marketing of SUVs in the 2010s and 2020s by auto manufacturers has resulted in over 80% of all new car sales in the United States being SUVs or light trucks by October 2021. [1]
[141] Stuff.co.nz included in an article on Cars that should never have been built, saying, "Suzuki did wonders with the X90 by redesigning the early Vitara to look like a back-scrubbing shower accessory, on the way halving its passenger capacity and turning an excellent new junior 4x4 into a blobby, saleproof nightmare."
“Most high-end luxury SUVs, like Mercedes-Benz SUVs, get you into the territory where not only are they extremely expensive to buy, but expensive to maintain as well,” Michael said.
3 Things You Must Do When Your Savings Reach $50,000 This article originally appeared on GOBankingRates.com : 2 Reasons You Should Buy a New Car Instead of a Used One in 2025 Show comments