why do car prices not benefit from technological advances the way that home electronics or other technologies do?

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Car prices seem to rise non-stop despite advances in manufacturing technology. But a TV, or smart home devices, or some other similar piece of home tech continually becomes cheaper from the time it is released. Why?

In: Economics

9 Answers

Anonymous 0 Comments

Car prices increase when the price of resources needed to make a car increases as well.

As for cars being cheaper, prices drop before the launch of the next generation vehicle

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