For fun I looked up a 2011 vs. 2021 Honda Civic. That's likely a much more apples-to-apples comparison. About $16k to $21k, or 31%. That's about 2.7% per year, which seems to be slightly more than claimed inflation as well.
That's interesting, I think. I suspect cars are becoming more expensive to manufacture over time due to more stringent regulations. Lower emissions, more active safety features, etc. Maybe certain raw materials have become more expensive as well? Or maybe NRE costs have gone up across the board now that electric cars are becoming mainstream?
That's interesting, I think. I suspect cars are becoming more expensive to manufacture over time due to more stringent regulations. Lower emissions, more active safety features, etc. Maybe certain raw materials have become more expensive as well? Or maybe NRE costs have gone up across the board now that electric cars are becoming mainstream?