by Michael Snyder
End of the American Dream
When prices go up, our standard of living goes down. That is the way that it works. I have been writing quite a few articles about the shortages that the global trade war is going to cause in the months ahead. Without a doubt, they will be extremely painful. But there will also be very large price hikes in many cases, and some of those price hikes are already starting to hit. For example, Ford has just announced that the prices of some of their vehicles will be raised by as much as two thousand dollars…
Ford Motor Co. is increasing prices on its Mexico-built vehicles by as much as $2,000, becoming one of the first automakers to announce a price hike because of tariffs.
Changes on dealer invoices became effective May 2 on the Maverick small pickup, Bronco Sport SUV and Mustang Mach-E all-electric crossover, according to the memo obtained by The Detroit News. That means affected vehicle will arrive on dealership lots in late June, the company confirmed. The Dearborn automaker attributed the hike to usual midyear pricing action as well as tariffs.
For most of us, the fact that Ford is raising new vehicle prices dramatically isn’t going to really affect us much, because we can’t afford to purchase a new vehicle anyway.