Will car prices drop significantly in the next 3 years?

The significant drop in car prices in the last few years started in the second half of 2016, and since then car prices have gone into a downward spiral. I remember when I was still in Kia, when the bare price of the K5's lowest-end one without sunroof had fallen to 11.98, with complimentary leather seats, big-screen multimedia and fancy wheels along the way! Indeed cheap enough, it can be said that the price of the K5 is almost naked, which also led directly to the late re-launch of the K5 new models, the direct cancellation of the minimum configuration of the two models, but also the starting price of the K5 was raised to 130,000 +, some times the price fell too hard will damage the brand image, compared to the well-known segment loaded with the three treasures, the K5, Suo eight, the Maremma, this kind of image once locked, it will be difficult to turn around later! locked, it will be very difficult to turn around later!

So the price of this thing for each brand is very cautious, the next three years I think the price for different brands, models overall will be a decline, but unlikely to appear a significant price reduction, first of all, for the future of the national brand in the stabilization of the price under the premise of the main is to improve the quality of the sales volume to get, while constantly to launch a more high-quality models will be the price to enhance. For most of the joint venture brands for the current competition is indeed very fierce, national brands and constantly catching up, the future will be the main group of price exploration. Here also includes 200,000 to 500,000 between the luxury brands, with the increasing number of competing models, this price range of luxury brands, especially the second-tier luxury brands discounted volume will be relatively large! As for 500,000 upwards, and even a million ultra-luxury brands in the future price fluctuations will not be very large, especially ultra-luxury brands, the main reason is still no competing models, and in the short term there will be no other players to enter, can be said to be a comfort zone!