North American motorists have gotten used to paying $20-$25,000 or more for their new vehicles. Long gone are the days when sub $10,000 cars ruled the highways, with few cars available for under $15,000 these days. All of that will be changing as the pending introduction of cheap cars from China as well as imports from Mexico and other third world nations will reshape the automotive landscape. Will you buy one of these bargain brands or will you stick with one of the trusted names? Lets step forward a few years to look at a radically changed automotive market and just what it may have to offer to you, the value conscious consumer.
If you follow automotive press reports then likely you have heard talk of cheaply priced cars from China being imported to the US and Canadian markets. At prices reported to be as low as US$ 6500, these cars have created a lot of buzz and have raised concern about the entire automotive industry, domestic and foreign. One big question asked includes this: how will domestic manufacturers be able to compete price wise? Well, prices wont be quite as low as first reported once certain safety and anti-pollution measures are added in; instead the...
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