Car prices may rise because of Japan’s earthquake

Car prices may rise because of Japan’s earthquake
0Share
Car prices may rise because of Japan's earthquake

Basic economics: When demand is going up, prices will rise.
And because the Japan earthquake could slow shipments of popular cars like Toyota’s Prius, more and more dealers are already taking advantage of expected shortages to raise prices.

While Japanese automakers build most of their bestsellers in the United States, some models are still assembled and shipped from Japan – the Prius, Subaru’s Forester and Impreza …


Read Article

LexSucks - 3/18/2011 11:33:26 AM

0 Boost

Seems like the Jpan Earthquake is giving everybody an excuse to raise prices. My rent just went up because of the earthquake j/k.

Steve - 3/18/2011 11:38:10 AM

+4 Boost

Gouging. Pure and simple. And there's an easy way for consumers to stick it to those greedy vendors: Stick with what you have, maintain instead of relacing, and don't pay the "Greed Premium."

Remember, the current circumstances are temporary. Things will normalize. The only reason that retailers can exploit consumers is that consumers allow themselves to be exploited.

lexusrox123 - 3/18/2011 5:36:58 PM

+3 Boost

As if the prices arent already inflated.

toolatetorace - 3/19/2011 12:15:52 AM

+1 Boost

Should read , car prices , will rise

AgentOrange - 3/19/2011 5:47:18 PM

+1 Boost

"Basic economics: When demand is going up, prices will rise."
There is nothing to suggest that the earthquake will increase demand.
OTOH, reduced supplies of Japanese manufactured vehicles and Japanese sourced automobile parts used by North American manufacturing will likely put upward pressure on prices for a short period of time.