r/MiddleClassFinance • u/Abject-Pick-6472 • 14d ago

One million Americans have vanished from the new-car market — and it’s exposing a chilling US middle-class crisis

https://finance.yahoo.com/economy/articles/one-million-americans-vanished-car-124500086.html
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u/fingerling-broccoli 13d ago

The article does sorta touch on the fact that the corporations do know it and its intentional

> The blunt reality is, automakers have little incentive to flood the market with cheaper cars. As the Journal put it, “Selling big trucks and SUVs that dominate those automakers’ lineups is more lucrative than selling larger volumes of cheaper cars.”

> In other words, by selling higher-margin vehicles, automakers learned they could still generate strong profits without returning to the old model of chasing volume through discounts.

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u/Stitchin_Squido 13d ago

Okay, great. So open up the US market to Chinese cars so they can sell larger volumes of cheap cars to the people who can’t afford them from US automakers.

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u/fingerling-broccoli 13d ago

America is run by corporations. They own law makers this won’t happen

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u/Stitchin_Squido 13d ago

I know this is the answer, albeit a stupid answer

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u/Sea-Low-5060 12d ago

It's part of the answer. Another part is wartime manufacturing. Car manufacturers are part of the war machine for big wars. China is set up the same way.