Food price is also highly cyclical and related to supply constraints of pure commodities which always correct.
I guess I should've clarified. Vehicle prices for equivalent vehicles probably aren't sticky, but the statistic reported here is sticky.
Electrification will increase average sale price. But the amortization schedule will lengthen, operating cost will decrease, and maintenance will plummet. So might still be a win for consumers.
But I don't think avg sale price will come down meaningfully. You'll see a big shift from ICE to E, though, and yes, ICE prices will come down a lot.
> Food price is also highly cyclical and related to supply constraints of pure commodities which always correct.
Suffice it to say that I'm not betting on commodities in either direction but I've got a huge position in Tyson.
Bolts were going for ~$25k at ~250 miles range.
2023 ID.4 is an SUV/Crossover with probably ~240 mile range rumored for ~35k (and $7.5k off tax credit)
Mach-E is an SUV/Crossover with ~250 mile range for ~$44k (and $7.5k off tax credit)
I wonder if that's the new normal, or if haggling will make a comeback?
* excluding some undesirable makes/models that would have sold poorly without huge incentives pre-pandemic anyways.