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
Cars are really big chunks of metal. There’s only so much you can do to make large chunks of metal cheaper to produce.
We already went through all the rapid growth and development in mass production steel. It’s basically a fixed cost at this point based on the cost of materials.
As for electronics, they are going to put as many in the car as they think people will pay for. So even if these things get cheaper, they’ll just put in more because they can afford it.
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