Trump says small cars can bring down big prices. Here's why that's unlikely [CNN]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: CNN
“Manufacturers have long wanted to do this, just like they are so successfully built in other countries,” Trump said in a Truth Social post after meeting with auto executives?in early December. “START BUILDING THEM NOW!” But even the mini cars' mini price tags aren't likely to solve pricing issues, experts say. While Trump claims to have rolled back regulations that he blames for keeping small cars off US roads, the truth is there is no minimum-size rule for vehicles sold in America as long as they meet safety standards. What stops automakers, both foreign and domestic, from building such cars here, or even importing them, is much simpler: Americans have shown, repeatedly, they just don't want those cars. The “kei” cars, popular in many parts of Asia, can cost as little as $8,000 or $10,000. In contrast, the average price of a new car in the United States is currently around $50,000. Having new cars that cheap would be an answer to affordability issues for many car buyers — a
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STLA
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- STLA's page on the SEC website