My (admittedly very, very limited) personal experience owning cars actually suggests cars are getting cheaper over the past couple decades. Specifically, my data looks like this:

- A new Honda Accord LX in 2003 was ~$19k

- A new Honda Accord LX in 2020 was ~$23k

In today's dollars, that's roughly $33k and $29k, respectively. These numbers are very approximate, but it means the same car model in 2020 was about 12% less expensive than the one in 2003. And the new version has a whole lot of improvements and features the old one didn't. (They cheaped out and removed the lock from the glove compartment though!)

Stepping back and thinking about the complexities that go into manufacturing a modern automobile, it's wild to me that they can cost so little compared to what you get. It's a machine that can travel 200+ thousand miles and last for decades with barely any maintenance.

Commercial-scale vehicles (semi trucks, busses) cost an order of magnitude more than personal vehicles, yet share many of the same complexities. Like, how are cars so cheap for what they are? Manufacturing volume, I guess.

> Like, how are cars so cheap for what they are? Manufacturing volume, I guess.

That, and externalising a lot of the const on society, the environment, and third world countries.