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Bloomberg can't understand why auto sales are falling

Posted by $ blarman 8 years ago to Economics
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It's actually pretty simple: median income isn't even $50K!

One of the huge problems with the auto industry is that the industry itself is trying to turn a basic necessity for transportation into a luxury. As a result its no wonder that sales are dropping.

Me? I don't need the fancy trimmings. Give me an old-fashioned carburetor, manual transmission, manual door locks and windows and I'm fine. I don't need an in-dash GPS, back-up sensors, or 80 computers monitoring the temperature of my seat.
SOURCE URL: https://www.bloomberg.com/news/articles/2017-05-01/a-50-000-chrysler-van-explains-why-u-s-auto-sales-are-slowing?cmpid=BBD050117_BIZ


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