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‘Seismic shift’: driving unaffordable for many in US amid push toward SUVs
(www.theguardian.com)
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this post was submitted on 30 Jan 2024
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If anyone would care to read the article it's more about companies making more high end cars and running low stocks than making cars bigger. They reduced stock during the pandemic and discovered that they can make more money selling fewer cars with maxed out specs than a lot of base models. They simply don't have base models on stock now and people still have to buy cars so profits are soaring. Basically they made everyone depend on cars by killing public transport and are now milking it hard. Because what are you going to do? Work from home?
Good thing China isn't ready to flood the market with millions of cheap electric cars. This short term profit is going to end up biting them in the ass real quick. Although I guess they know they'll just get bailed out, so there's no reason to innovate.
Not to worry: protectionism will take take of the competition. Just like they did with the Japanese manufacturers...
Yeah no one drives a Honda or Toyota 🙄🤣
Cheap labor Conservatives destroyed protectionism. Part of why we're in this giant economic mess is because offshoring wiped our middle class off the map like the Chixclub meteor.
Domestically there's still Tesla, although I guess they decided to do a stupid big truck as well.