this post was submitted on 10 Dec 2023
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[–] [email protected] 19 points 1 year ago* (last edited 1 year ago) (2 children)

Controversial take: the problem isn't car prices. They haven't increased that much when compared to inflation, and you're getting far more and far better cars for your money when adjusted for inflation.

The problem is wages haven't risen and housing prices have risen too much, meaning people have less to spend on a car.

E: I googled. In the US the cost of a median house was 18k in 1953. An average car cost 3.5k.

Now, the median house costs 400k.

400k/18k x 3.5k = If car prices had risen as much as house prices, the median car would cost 77k.

[–] [email protected] 11 points 1 year ago

Not a controversial take at all IMHO. You're not wrong. Housing is absolutely ridiculous right now.

[–] [email protected] 3 points 1 year ago (1 children)

and you're getting far more and far better cars for your money when adjusted for inflation.

Better at getting me from A to B?

[–] [email protected] 5 points 1 year ago (1 children)

Yes… cars now are faster, safer, and more efficient than they were in the 50s.

Even if you discount all the “features” they’ve added the bare necessities of a car are tons better than mid-20th century cars or even late 20th century cars

[–] [email protected] 2 points 1 year ago

Well, most of it are now needlessly oversized, diminishing the better efficiency.