WHY ARE NEW CARS SO EXPENSIVE?

EV Channels Review

This episode of TFL Car Chat features a discussion between Roman and MotoMan on the rising cost of new cars and the current state of the automotive economy. The conversation touches on trends observed at Pebble Beach, highlighting a shift towards new car reveals at classic car events and the diminishing presence of new car launches at traditional auto shows. MotoMan shares a personal anecdote about driving a Lamborghini Revuelto while experiencing side effects from medication, illustrating the challenges of high-performance driving. The discussion also delves into the controversial Myers MSX, the struggles of the classic car auction market, and the increasing affordability gap for average consumers, exemplified by the Mustang's price relative to income. A significant portion of the episode is dedicated to the Volkswagen ID. Buzz, with Roman expressing concerns about its pricing and usability compared to traditional minivans, while MotoMan suggests leasing as a way to mitigate depreciation. The conversation then pivots to the future of electric vehicles, with MotoMan expressing optimism about increasing sales due to falling prices and improved practicality, while Roman remains skeptical, citing high inventory, economic downturn, and loan defaults. The episode concludes with a debate on the cultural and economic factors contributing to the high cost of vehicles, including lifestyle creep and global manufacturing decisions.