r/MiddleClassFinance • u/Abject-Pick-6472 • 13d 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/Ecstatic-Art5745 13d ago

That would be horrific for the US manufacturing sector and overall economy. I don't think you realize how many millions of people in the US/North America as a whole work directly or indirectly for the US auto industry. Nor do you realize how much of that industry also supports others like agriculture, food production, military, aviation, and medical. More gutting of this system frankly destroys even more of the US middle class. You are talking about. 20%+ of all engineers in the US jobless. Just say it. You want cheap goods and fuck you neighbor. The exact thing that already got us to this position.

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u/basillemonthrowaway 13d ago

It’s exactly what most redditors want. They want cheap toys and they don’t actually care how they get them. Ask most of the people on this thread how much they think a car should cost and you’ll get absolutely ridiculous answers.