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Revealed: car industry was warned keyless vehicles vulnerable to theft a decade ago
(www.theguardian.com)
this post was submitted on 25 Feb 2024
528 points (97.5% liked)
Technology
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Probably a mix of things. People are more desperate and cars have been artificially inflated in value. A fucking new kia is 40+k today
Adjusted to inflation they've basically kept up on price for the equivalent model, but income hasn't followed inflation...
Another point: for equivalent models. Car manufacturers over the past two decades have been dropping the more affordable sedans and such from their lineups, favouring their more expensive SUVs.
Maybe domestic manufacturers but that's because they built terrible, disposable cars that nobody wanted.
Real wages are actually up even against the high inflation of the last few years.
Highly dependent on your industry and location. There's a lot of people still on actual minimum wage. And it sucks...
Out of all the brands you picked the one that actually has cheap models. A rio starts at 17k and a soul at 20k. Most of its vehicles, including SUVs are sub 40k
You're not going to be able to find base models these days, or if you do they'll come with a bunch of options already installed.
Dealers learned during the shortage that people will pay for the mid range ones if that was their only option.
Regardless, Kia is still a stupid choice to try to prove that particular point.
Great now find it for that price at the lot.
https://www.summitplacekiaauburnhills.com/auto/new-2023-kia-rio-lx-auburn-hills-mi/84685084/
And it's going to be about 5k more the second you walk in the door because they advertise a price without add ons. They also don't sell one without add ons. Then by the time finance is done you'll be paying at least another 5k.
You Cannot Reason People Out of Something They Were Not Reasoned Into 🤷
Side note, never ever sign the first offer. They call it “first pencil.”