November 1, 2008

NOTHING COSTS MORE THAN IT USED TO...:

Nissan to offer no-frills Versa for less than $10,000: The vehicle, which is intended to compete with the used-car market, could serve as a bellwether of consumer choices in a tough economy. (Ken Bensinger, November 1, 2008, LA Times)

On Friday, the Japanese carmaker said it would begin selling a cut-rate version of its Versa sedan in the U.S. for $9,990 -- more than $1,000 less than the cheapest new car currently sold in America.

The frills-free Versa -- which is made in Mexico and will be available starting Nov. 18 -- will come without power windows or air conditioning and will be the only new car available in the U.S. for less than $10,000.


Set aside the price; the real indicator of what a deflationary epoch we've been in is that it's a car made in Mexico and folk will complain it's an intolerable hardship that the car isn't more technologically advanced than the Space Shuttle.

Posted by Orrin Judd at November 1, 2008 8:54 AM
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