Chinese EV called the Seagull poses a threat to the US auto industry
apnews.com
apnews.com
Oh and auto dealerships. Really the whole automotive industry given how much we spend on road infra. Also we give absurd amount of subsidies to the oil & gas industry.
Oh yeah, tax preparation too. Really we could go on.
Man, you never hear companies complaining about these kinds of economic regulations...
The Chinese vehicles are now replacing those used cars. They cost $20-25k new and come with all the bells and whistles you wouldn’t get from Toyota. They are also assembled locally so, supports and parts are not a problem.
While that's true, few people realize just how many US industries are protected from competition by federal and state regulation and licensure requirements. These market distortions artificially inflate prices, reduce consumer choice, prevent innovation and stall new job creation (especially entry level jobs).
From needing a license to shampoo hair to 600 hours of mandated training to do hair threading: https://iowacapitaldispatch.com/2022/01/17/state-sued-over-u...
The interest rate thing is wrong, you can finance them for lower interest rates than most houses and educations. They're even often at 0%.
The other thing to factor in is resale. If you factor in the resale the total cost of ownership for many American trucks is less than most other vehicles.
When rates were lower you could get 0% with a low down payment even.
Pretty sure the f150 XLT trim was offering 0% somewhat recently
https://www.ford.com/cars/fusion/
The "Explore All Sedans" buttons goes to a page entitled... "The Family of CUVs and SUVs".
All I want is a reasonably good sedan and we can't get that anymore. I'm half debating trying to track down a Ford Police Responder/Special Service Plug-In when they start coming off-duty in a few years just to keep a Fusion alive.
This is a more expensive crappier dacia spring, why is it reported as a threat?,
It's not even launched yet and other articles are more balanced and mention existing competition as well: https://www.autoexpress.co.uk/byd/362943/new-byd-seagull-wil...
It's easy to make cheap cars when you leave out several decades of safety features.