this post was submitted on 14 Oct 2023
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Oh yeah because cars are selling close to cost and not at hyper inflated prices.
Come on, the current insane prices aren’t because it costs so much to pay workers that make them, it’s because people are willing to pay it. If people stopped paying insane prices for cars and they were rotting on lots, prices would go down- but people get their 6 year finance on their 85k 2024 whatever.
And very little of the recent explosion in car prices is from the manufacturers. It's the dealerships.
Just a few years ago NOBODY paid sticker price. That's still true, but now it's because the dealerships are charging 20-50 percent ABOVE stocker price
I agree. Nothing they're striking for will fix this though.
I'm not disagreeing with you but it seems naive to think that these companies would do anything but pass the cost along and keep paying execs way too much. Are we really under the assumption that car manufacturers are going to accept making less money?
Of course not- but they wont have a choice if people stop ponying up. As long as people keep enabling the high prices, they’ll keep charging them. The market will only support so much of this before someone comes with with a a more reasonable price and starts taking all the sales. Then it’ll be a race to the bottom again.