Quote:
Originally Posted by Tcoat
"Pay more" really isn't accurate when it comes to international prices. Although the price may be more in dollars it is geared to incomes and national economic conditions.
In Canada we can pay as much as $30K for a base model but that is due to higher average income levels not increased "prices".
A $5 sandwich in the States may cost $7 here, $9 in Europe and $2 in China even though the amount paid takes exactly the same percentage of income in each place.
Not exactly an economics expert so I may not have explained this well but gave it my best shot!
|
I agree that pay more can be misleading. However, the median household income in the UK is 26500 pounds (42633 USD). The median household income in the US is ($51900). Both numbers are from 2012 but are essentially unchanged for 2013. In this case it seems like buyers in the UK are paying a higher percentage of their income for a low end model than US customers are paying for the high end models.
That may explain why the Toyota Vice President in Europe says that the GT86 is not meeting sales expectations. Just a few months ago Subaru lowered their European prices for the BRZ over $2000 dollars.