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Cars have also ballooned in size since the 90s. In the 90s, sedans were the most common type of car. Now, it’s SUVs and light trucks, which use tons more materials.
True, but materials used did not double within 10 years, and materials are not the entirety of the cost of the car.
I'm not surprised they're more expensive, I'm surprised that they're so transparently being gouged. Like housing. And food. And gas.
Nevermind, I'm not surprised anymore.
Agreed. I think both are part of the picture. Consumers are buying the wrong kind of car (or manufacturers are selling the wrong type of car), too big and too inefficient, and there is price gouging, especially during the pandemic shortage. It’s telling that car prices were the fastest to come back down of almost any consumer category last year. Shows how much they could come down.