Bidenomics is only part of the reason. All of the major auto manufacturers posted 2023 profits in excess of $6B. Carlos Tavares has a salary near $55M and along with bonuses of $10.7M and $14M. Meanwhile, the average level mid range Ram truck is clocking in near $75K MSRP and thousands of 2022 and 2023 models still sit on lots unsold with 2025s rolling out soon. Average worker earnings during the same time increased about 9.4%. It looks like Stellantis, like other manufacturers, are using economic inflation as a cover for sizeable greedflation as well as using sales of ICE models to subsidize their failing EV programs.
I keep hearing this, but when it comes to the big three what's left of the US auto industry, I'm not seeing it on the highways and parking lots.
It is not just Ram. Ford and GM have similar pricing. If you want a full size truck the closest price to $50K is a basic fleet truck.