Why are New Car Prices Constantly on the Rise?
September 26th, 2011If you are already familiar with the best new car prices in the USA then you may have noticed that car prices are not what they used to be.
Consumers can only cringe every time they visit the dealer as what used to be a dirt-cheap compact is now similarly priced to midsize sedans of yesterday. The good news is that car buyers now definitely get what they pay for as new cars are now equipped with the latest accessories, gadgets and safety equipment that properly befits a modern car.
The bad news is that there seems to be no end to the continuous rise in new car prices in the market. Yes, there are cars that give a lower price than most but this has nothing to do with the topic at hand. Here are the most valid reasons why new cars have been considerably more expensive than before:
1. Oil prices – as crude oil prices rise, so does the cost of transporting and refining the most precious mineral on Earth. This also translates to higher prices in terms of other precious commodities–yes, including the materials and technology utilized in the design, engineering and manufacturing process of creating a modern car.
2. Stringent emissions regulations – car makers will have to invest more technology in creating cleaner burning engines and lighter bodies in order to conform to the latest standards in fuel economy. Car buyers know better as they now only buy cars that save them money in terms of fuel and other related expenses.
Despite this trend, now is the best time to buy or lease a new car. Modern cars will not only heighten the driving experience but will better isolate you from the rough and dowdy city driving environment while remaining as clean burning and fuel efficient at the same time.
Want a new car? Find all the best deals and the lowest car prices by simply taking advantage of a free quote.