Car Prices Going Up?

While doing research for an article for Business Week, Amey Stone has come to the conclusion that car prices are on the way up. Incentives are running out, and makers can’t squeeze any more savings out of their operational processes.

She makes an interesting point in an entry on her weblog, Well Spent: … 10 years ago it took the average worker 30 weeks to pay for a car, but it takes just 20 weeks today.

Interestingly enough, the price of the car I purchased last year (a new 2004 Honda Civic LX) was within $1,000 of 20 weeks of my salary at my current job. This confirms what my boss has known all along: I’m an average worker.

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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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