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Those are tiny increases. GM had like 3 or more increases last year. They do that to sneak in the increase. Cost of commodities like steel are soaring. Toyota, GM, and other automakers are eating some of the increase. The rest get passed on.
 
I'm amazed at how little the price of cars has increased over the past 10 years. Taking inflation into account, car prices are much lower now than 5-10 years ago. The price of the Prius is only going up 2.2%, which is probably on par or lower than inflation for the year. If they raise it that much 3 times in a year like Naustica mentioned, then that would be quite a price increase.
 
It's hard to gauge the rate of price increases when one considers improvements in the cars themselves over the years. For example, back in the mid-90s, a top-of-the-line Nissan Altima was around $20K. The Altima now costs more, but it's also bigger, faster, fancier. I suppose one could look at the prices for car types and see the changes.
 
Originally posted by: Mermaidman
It's hard to gauge the rate of price increases when one considers improvements in the cars themselves over the years. For example, back in the mid-90s, a top-of-the-line Nissan Altima was around $20K. The Altima now costs more, but it's also bigger, faster, fancier. I suppose one could look at the prices for car types and see the changes.
Click to expand...

Exactly what I was gonna say.

Stanza (the original Altima, considered Midsize at the time) was about the size of a current Civic, now the Altima is bigger than the large cars of that time.

When my Parents came to Canada they said they could get a brand new accord for ~15k, now it would cost ~28k
 
Originally posted by: Naustica
Those are tiny increases. GM had like 3 or more increases last year. They do that to sneak in the increase. Cost of commodities like steel are soaring. Toyota, GM, and other automakers are eating some of the increase. The rest get passed on.
Click to expand...

True.
Steel prices have shot thru the roof. Since January my company has seen a 50% increase in steel coil cost (galv. and uncoated coils).
Stainless is even worse.
 
Originally posted by: BassBomb
Originally posted by: Mermaidman
It's hard to gauge the rate of price increases when one considers improvements in the cars themselves over the years. For example, back in the mid-90s, a top-of-the-line Nissan Altima was around $20K. The Altima now costs more, but it's also bigger, faster, fancier. I suppose one could look at the prices for car types and see the changes.
Click to expand...

Exactly what I was gonna say.

Stanza (the original Altima, considered Midsize at the time) was about the size of a current Civic, now the Altima is bigger than the large cars of that time.

When my Parents came to Canada they said they could get a brand new accord for ~15k, now it would cost ~28k
Click to expand...

stanza! Our 88 stanza is still in use (20 years and going strong!) and i can't even imagine that that small car used to be considered a midsize!
 
Originally posted by: Mermaidman
It's hard to gauge the rate of price increases when one considers improvements in the cars themselves over the years. For example, back in the mid-90s, a top-of-the-line Nissan Altima was around $20K. The Altima now costs more, but it's also bigger, faster, fancier. I suppose one could look at the prices for car types and see the changes.
Click to expand...

fwiw, the cars to compare are comparably equipped then-maximas with current-altimas. when ghosn took over nissan, they were working on a new maxima. he did what everyone already knew nissan should do, and put a 4 cylinder in it. as that doesn't quite fit with the maxima's market image, he put the altima badge on it.
 
Originally posted by: JJ650
Originally posted by: Naustica
Those are tiny increases. GM had like 3 or more increases last year. They do that to sneak in the increase. Cost of commodities like steel are soaring. Toyota, GM, and other automakers are eating some of the increase. The rest get passed on.
Click to expand...

True.
Steel prices have shot thru the roof. Since January my company has seen a 50% increase in steel coil cost (galv. and uncoated coils).
Stainless is even worse.
Click to expand...
Yep, you're not the only one and that's not the only field.
 
Besides the increase in raw material prices it seems each year they add more standard equipment which raises the price too.
 
Originally posted by: evident
Originally posted by: BassBomb
Originally posted by: Mermaidman
It's hard to gauge the rate of price increases when one considers improvements in the cars themselves over the years. For example, back in the mid-90s, a top-of-the-line Nissan Altima was around $20K. The Altima now costs more, but it's also bigger, faster, fancier. I suppose one could look at the prices for car types and see the changes.
Click to expand...

Exactly what I was gonna say.

Stanza (the original Altima, considered Midsize at the time) was about the size of a current Civic, now the Altima is bigger than the large cars of that time.

When my Parents came to Canada they said they could get a brand new accord for ~15k, now it would cost ~28k
Click to expand...

stanza! Our 88 stanza is still in use (20 years and going strong!) and i can't even imagine that that small car used to be considered a midsize!
Click to expand...

I had 1992 Stanza we got in 1995 used it until 1999 @ ~250000 km, then we sold it to my cousin they took it almost to 400000 km where it had to be junked in 2005 or 2006
 
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