Case Study: How Rising Vehicle Prices Affect Consumers

Honda Motor Co. News

Case Study: How Rising Vehicle Prices Affect Consumers
CivicGeneral Motors Co.Ford Motor Co.
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I have written or edited about the auto industry on and off (mostly on) since 1985, first at The Indianapolis Star then, for more than a dozen years, at Bloomberg News in Detroit, followed by almost nine years at SME Media.

For decades, automakers have hiked the prices of gasoline-powered cars, trucks and SUVs.Myself? I drive a modest 2015 Honda Civic . The touchscreen, including a rear-view camera, is small. I paid off my car a while ago.

That Civic has reached almost 110,000 miles and is still running well. Since then? Civics have gotten fancier and more expensive. At the same time, vehicle prices have become more expensive. ABack in the day, the likes of Civic was seen as affordable transportation. Today? Not so much. The U.S. market has moved to be dominated by SUVs as well as large full-size pickups. Consumers have transitioned to big vehicles. The likes of General Motors Co. and Ford Motor Co. have moved away from passenger cars. Honda and Toyota Motor Corp. still offer passenger cars, albeit with more expensive versions. There is also the question of electric vehicles. EVs are supposed to be the future. EVs are intended to reduce greenhouse gas emissions. What’s more, EVs may be easier to assemble with fewer parts. Trump Vs. Harris 2024 Polls: Deadlocked Race In Final Surveys And Forecasts—As Voting Ends In First StatesElection 2024 Swing State Polls: Trump-Harris Race Deadlocked On Election Day—All Eyes On Pennsylvania Much uncertainty remains with EVs. Ford is idling its F-150 Lightning truck plant from mid-November through the end of 2024,Automakers that used to supply affordable vehicles have retreated from the market. Cars and trucks intended to place such offerings can be expensive.Our community is about connecting people through open and thoughtful conversations. We want our readers to share their views and exchange ideas and facts in a safe space.Insults, profanity, incoherent, obscene or inflammatory language or threats of any kindContinuous attempts to re-post comments that have been previously moderated/rejectedAttempts or tactics that put the site security at riskProtect your community.

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