In a move that reflects the overall price trend in the white-hot electric car market, the South Korean car manufacturer effectively raises the entry price of the successful Kia EV6 by a massive US$7,100 by not offering the 58-kWh base trim for the 2023 model year.https://www.notebookcheck.net/Kia-EV6-gets-a-massive-16-price-hike-as-the-South-Korean-automaker-axes-its-most-affordable-model-variant.667367.0.html
You'd think it would get cheaper given that they have to produce less versions and larger volumes of other versions, but thats consumerism supply and demand for ya~ Esp since they had the make up for the losses with the Kia-Challenge lawsuits going on ~
I think a great many auto manufacturers are in for a shock as they run out of customers who can afford these extremely expensive cars.
We are already seeing older cars being kept by owners, new car sales are dipping.
Just wait until the £60,000 cars are 3 years old and the second hand dealers try and sell them for 30/40 thousand.
Tesla are already discounting their cars in China, they are fortunate as they have a 30% profit margin others are not so lucky, my prediction is, as the cost of living crisis starts to bite, you will see cars that have been ordered being cancelled and dealers doing everything they can to shift stock.
I've already seen PCP deals being reduced because who wants to sign up to a £500 per month commitment for the next 4 years.
Certainly not me.