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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.
The average price of a new car hit $49,740 in December, up 1.3% from the same month a year ago and continuing a yearslong inflationary trend as automakers look to give Americans what they want ...
Consumers often consider the sticker price, features, and design when deciding which car to buy. Find Out: The 20 Cars Seeing the Biggest Price Drops in 2024 Discover More: 9 Things You Must Do...
Trucks' share of US vehicles produced, has tripled since 1975. Though vehicle fuel efficiency has increased within each category, the overall trend toward less efficient types of vehicles has offset some of the benefits of greater fuel economy and reduction of pollution and carbon dioxide emissions. [ 53 ]
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]
“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.
[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."
Regulations, tariffs, and other government-imposed hurdles reward American car companies for building bigger, more expensive trucks and keep out any potential competitors.