European car market
Discussion
Why are new car prices so much higher in Europe (UK included) compared to markets such as the USA and Japan? It's not like we have excessive import duties like some other countries, and given the homogeniety of new 'global' car designs, it seems odd that we pay so much more for the same product.
Eg. New Toyota GT86 costs less than £15,500 in the US and a simialr amount in Japan, and we have to pay £10k more for what exactly?
Used car prices conversely are insanely low in the UK especially. How does such a disparity occur?
Eg. New Toyota GT86 costs less than £15,500 in the US and a simialr amount in Japan, and we have to pay £10k more for what exactly?
Used car prices conversely are insanely low in the UK especially. How does such a disparity occur?
I forgot that taxes weren't included in the USA (though these are less than ours in any case, and wouldn't add more than £2k to a GT86). Size of market shoudn't have an impact either, especially now that cars are designed to be identical across markets. I can't imagine EU cars having £10k more equipment either... I think it's just manufacturers taking the pee tbh.
I think exchange rates can give a false impression of prices when you just to a straight conversion. Certainly when converting US $ to Sterling, it's better to say £1 = $1. I know a quid buys circa $1.56, but a dollar buys about what a pound does when you go to a shop, if you see what I am getting at.
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