In the 70’s American auto manufacturers focused solely on large and luxury vehicles which allowed Japanese brands to bring in small and low cost vehicles; as a result those American brands lost market share and sales.
Today we have American auto manufacturers making large and luxury electric vehicles and neglecting small and low cost options; with very few cars for sale. Chinese brands are going to dominate that market and reduce domestic brand market share. They already have low cost vehicles being sold across the world and going to enter the American market sooner than later with no competition.
In the 70’s American auto manufacturers focused solely on large and luxury vehicles which allowed Japanese brands to bring in small and low cost vehicles; as a result those American brands lost market share and sales.
Today we have American auto manufacturers making large and luxury electric vehicles and neglecting small and low cost options; with very few cars for sale. Chinese brands are going to dominate that market and reduce domestic brand market share. They already have low cost vehicles being sold across the world and going to enter the American market sooner than later with no competition.