{"id":1156603,"date":"2023-02-18T03:10:05","date_gmt":"2023-02-18T08:10:05","guid":{"rendered":"https:\/\/bugaluu.com\/news\/mercedes-benz-hikes-vehicle-prices-by-43-as-only-rich-can-afford\/1156603\/"},"modified":"2023-02-18T03:10:05","modified_gmt":"2023-02-18T08:10:05","slug":"mercedes-benz-hikes-vehicle-prices-by-43-as-only-rich-can-afford","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/mercedes-benz-hikes-vehicle-prices-by-43-as-only-rich-can-afford\/1156603\/","title":{"rendered":"Mercedes-Benz Hikes Vehicle Prices By 43% As Only Rich Can Afford"},"content":{"rendered":"
\"\"<\/a><\/div>\n

Mercedes-Benz Hikes Vehicle Prices By 43% As Only Rich Can Afford <\/span><\/p>\n

\n

Mercedes-Benz might be returning to the days when corporate executives and only the affluent could afford to roll down the street in German luxury.<\/p>\n

That’s because a new Benz reached the average price of \u20ac72,900 ($76,590) in 2022, a 43% increase over 2019, Bloomberg Opinion Chris Bryant<\/a> pointed out in a tweet.\u00a0<\/p>\n<\/p>\n

“That chimes with the carmaker’s push even further upmarket by focusing on top-end models like the S-Class sedan to bolster profits. The company has been working through pent-up demand after chip shortages curbed production last year,” Bloomberg said.\u00a0<\/p>\n

<\/a><\/p>\n

The German automaker appears to be taking a different path versus the last decade of providing entry-level models for the average person.\u00a0\u00a0<\/p>\n

Bloomberg also pointed out:<\/p>\n

\n

Mercedes isn’t alone. Around the world, manufacturers are reaping the benefits of selling fewer but more expensive cars. In the US, average monthly payments for a new car nearly doubled from late 2019. And as battery-powered vehicles tend to cost more than the average combustion-engine car, the shift to EVs may make the affordability crisis even worse.<\/em><\/p>\n<\/blockquote>\n

Earlier this week, we said shiny new vehicles are\u00a0out of reach for many Americans<\/a>.\u00a0<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 02\/18\/2023 – 07:35<\/span><\/p>\n

From:Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mercedes-Benz Hikes Vehicle Prices By 43% As Only Rich Can Afford Mercedes-Benz might be returning to the days when corporate executives and only the affluent…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1156603","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-4QST","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1156603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1156603"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1156603\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1156603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1156603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1156603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}