#Honda Prelude 2022 Cost

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Revving Up Inflation: The Rising Cost of JDM Dreams

Austin Dao

ID: 80846623

Kenny Nguyen

ID: 73367340

Econ 20A -Monday 3:00 PM to 3:50 PM

Introduction

Since the birth of cars, the car market has increased in production and price. Consumers are able to buy cars brand new or used at dealerships and different marketplaces. However, in recent years, inflation and economic influence from the COVID-19 pandemic have dramatically increased the prices of used cars. One particular market of used cars that were affected heavily was the Japanese domestic market. Commonly known as JDM, the Japanese domestic market consists of car brands specifically produced with the intention of being sold in Japan. Due to car enthusiasts and rising popularity in the car community, many of these cars were imported and sold in the United States. Some were sold in the United States, but in a small quantity, causing them to be more desirable. Despite JDM cars already being in low supply, during the pandemic, prices exponentially increased.

As car enthusiasts ourselves, the hobby itself is expensive. When we were first introduced to the car scene, we learned of brands like Lexus, Nissan, Acura, Mazda, Honda, and Toyota. These brands had dominated the market in general in comparison to European and American brands. As highschool students, prices for many of the newer cars seemed unreachable. However, saving up to buy used JDM cars seemed realistic and possible. There were specific cars that caught our attention, like base Honda civic and preludes, Acura Integras, Nissan z’s, and Mazda miatas.

Market type

The Japanese domestic market for cars is considered an oligopoly. There are only a few big brands that offer similar products. As a result, these companies dominate the automobile scene in Japan. Due to its economic structure, imperfect competition exists as the few sellers have power over their product due to prices not being standardized.

Listing prices now vs before

An example for this demonstration, we decided to show the used car market on a 1993 Mazda RX-7 FD. Shown below are used car listings from 2010 for a fully modified RX-7 with a listing price of $31,000. Below that posting is another posting 12 years after that posting was created. In December 2022 a 1993 Mazda RX-7 FD without any modifications sold for $66,900 at auction. An increase of 121% between the price in 2010 and 2020. We did not have that much money when we started looking for cars, so we decided to look for cheaper jdm classics like the Honda Prelude.

A listing from 2017 for a 2001 Honda Prelude without any modifications was listed for only $2,995. Compared to a listing in 2023 for the same model, it was on Facebook listed for $7,500. Again, the prices have increased by around 150%. Personally, saving up for these cars was especially difficult, as the closer we got to our goal, the farther the reach as prices were changing and increasing every day. As soon as we reached our goal for the car, the price seemed to rise even higher. 

Scarcity

The concept of scarcity applies to the used JDM market, as the demand for the good is extremely greater than the supply of the good. As a result, prices have soared and stayed at good value through time despite most of these cars being decades old. Because there are a finite number of these JDM cars, with no more current production, and a high demand, the resale value of these cars are priced higher than other branded cars. 

Supply and Demand 

Looking for JDM car parts was also extremely difficult. Because most of the used JDM cars were produced so long ago, as well as halting production, supply was limited, not only for cars but parts too. Parts became more expensive and scarce. Searching for reasonable prices for parts was hard. Additionally, there have been a lot of influences towards JDM cars, especially in social media and entertainment.

One of the biggest influences was the movie, The Fast and The Furious: Tokyo Drift, as the movie had portrayed a lot of modified JDM cars, allowing for the vehicles and their brands to be more mainstream. 

Covid Impact

In addition to the scarcity of JDM cars, the recent pandemic played a great role in inflating the prices of these vehicles. Because COVID-19 caused so many to social distance and be locked in their homes, less money was spent on outdoor dining and activities which resulted in people shifting their money towards new things. Many different markets declined and halted to a stop. Jobs were lost, resulting in economic recession. As a result, importing and exporting jdm cars became challenging. As more people stayed inside, the amount of time spent looking for new hobbies increased, evident in time spent on social media. Tiktok, specifically, was one of the biggest factors in introducing many to the car scene, especially that of JDM. Consumer behavior changed as a result, increasing the demand for a limited supply of JDM cars. This increase in demand caused used JDM car prices to soar, thus inflating the market. Jdm cars became desirable, and people across the country began to look for JDM cars and their essential car parts to modify and build. However, prices were at all time highs, especially due to the fact that the pandemic had closed many ports, delayed shipping, and increased the fees and costs for enthusiasts to obtain their dream cars.

Opportunity Cost and Trade-off

When saving up for car parts, there was an opportunity cost. By allocating money aside, I had less money for food and entertainment. Instead of putting away cash, I could have used it to go out or shop for other cheaper things. However, the tradeoff between buying the car part is greater to me than going out to eat. By saving up, it would make me feel more happy and accomplished about my purchase as I was able to discipline myself from spending it on other things.

Conclusion

The market for used JDM cars have risen in popularity which comes at a cost. While expanding car culture and the car community, increasing popularity and demand for such limited cars has increased prices for these cars, making them harder to obtain. As people ourselves who struggle to afford the inflating prices of JDM parts and vehicles, it makes it harder for younger generations to get into this hobby as it has become an expensive one.

Sources:

https://www.jdmbuysell.com/jdm-importing-tips/jdm-importing-statistics/ 

https://www.facebook.com/marketplace/item/221980563722876/?ref=search&referral_code=null&referral_story_type=post&tracking=browse_serp%3Abf4101bb-8f8b-44f1-9a0d-1b32dcae35a7 

https://north-carolina.buysellsearch.com/view/vehicles/cars/103004099/r%2Fsearch%2Fvehicles%2Fcars%3Ffilters%255Bmake%255D%255B%255D%3Dhonda%26filters%255Bmodel%255D%255B%255D%3Dprelude%26filters%255Bbody%255D%255B%255D%3Dcoupe%26l%3Dnorth-carolina%26sortby%3Drelevance%26p%3D1?img_idx=1 

https://bringatrailer.com/listing/1993-mazda-rx-7-216/ 

https://engineswapdepot.com/?p=1328

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Honda Prelude 2022 Price, Specs, Release Date

New Post has been published on https://www.2020hondarumors.com/honda-prelude-2022-price-specs-release-date/

Honda Prelude 2022 Price, Specs, Release Date

Honda Prelude 2022 Price, Specs, Release Date – Can you keep on and then stay in feelings or identify the Honda Prelude sports vehicle which commenced readily available throughout the bodywork version inside the Honda Accord, although triggered it to obtain obtained far more rigorous athletics to check along with sportiness? A We Online has started to circulate chit discussion that Honda is undoubtedly putting in the Honda Prelude 2022 Strategy that could be revealed while using ceasing associated with 2021 by just working with a prospective serial improvement in 2020.

Honda Prelude 2022 Redesign

Exterior And Interior Design

The particular Honda Prelude 2022 vehicle has begun a market place position task in conformity alongside the Civic product. The specific Honda Prelude 2022, constructed from 1978 for you to 1982, was designed using a certainly connected concept from the time the sizeable contender. Basically, the most effectively-highly valued Toyota Celica, which might have at the moment acquired additional technology know-how. For instance, several long term sorts, the traditional Prelude, was provided with numerous backyard garden hose engines by using 72 Horsepower. While the really ultimate fifth populace will most likely be for 200 Horsepower, typically the amplest together with the top value eyes-exploring of unquestionably certainly is the third folks, great sand wedge design, made through a different AWS aiming procedure on all rims.

Honda Prelude 2022 Exterior

The Honda Prelude 2022 Principle was developed through Masato Nakano in addition to its specific design. Furthermore, the idea introduced control of-all rims; Honda considered it 4WS. Because for this sort of approach, Prelude seemed to be all the swiftest during rivalry. Nonetheless, it had been indeed a small a lot more speedily as well as significantly a good deal a lot more wonderful-loved. The getaway is fantastic. Prolonged bonnet, a massive cabin in the top child car seats, and traveling a vehicle the 2 regular auto sitting (in your teens and particulars). Items are absolutely cozy.

Honda Prelude 2022 Interior

Honda Prelude 2022 Engine

This Honda Prelude 2022 established its particular engine, only one quite a lot more was incorporated into your back axle. Each and every driver is certainly 2.2-liter DOHC VTEC sorts utilizing 200 Horsepower together with 211 Nm in torque. Mainly because played simply by aiding deal with their the home operator, the automobile provides nearly most exceptional bodyweight syndication with 50:50 and expenses upward from so that you can 100 km / h throughout 4 conditions. Typically the interior preserved to possess unchanged, an item for that engine functioning the back sleeping. A store reported the auto comes with a specific setting. It is actually a superb relief when suitable jogging your back might actually end up being the 2.2-liter VTEC.

Honda Prelude 2022 Engine

Honda Prelude 2022 Release Date And Price

The news indicates the newest release of Prelude may not just a way to offer an Accord technique, which actually is intended for front door region element element-wheel help make. The brand new design could have a for an extended time wheelbase and might adequately make known numerous inside the attributes using the famous Honda S2000. Today we certainly have discovered info on all at some time within the completely new Honda Prelude 2022 Notion discharge. Fundamentally, we certainly have consumed the development of one’s textual content articles; the starting price using the Prelude should never assessment $ 30,000.

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2022 Honda Prelude Price, Release Date, Engine

New Post has been published on https://www.2020hondarumors.com/2022-honda-prelude-price-release-date-engine/

2022 Honda Prelude Price, Release Date, Engine

2022 Honda Prelude Price, Release Date, Engine – Are you going to keep in concepts or comprehend regarding the 2022 Honda Prelude sports vehicle this begun to be found about the body-work alternative from the Honda Accord, nevertheless stimulated it to acquire a great deal more too much sports activities look like and sportiness. Online has begun to flow chit conversation that will Honda is building the particular 2022 Honda Prelude Concept, this will be released in the cease of 2021 by utilizing feasible serial production in 2021.

2022 Honda Prelude Redesign

Exterior And Interior Design

The actual 2022 Honda Prelude car has started an industry spot process consistent with the Civic release. The particular 2022 Honda Prelude SN, made out of 1978 to 1982, is built over a very connected concept since the substantial contender, quite possibly the most properly-cherished Toyota Celica, which may have at the moment get the 2nd scientific know-how. Such as numerous long-lasting types, the conventional Prelude was supplied with an accumulation piping engine along with 72 hp. However, the extremely final 5th human being populace will likely be right here at 200 hp, the actual amplest and also a good deal vision-receiving of ultimately may be the after that population, very competitive sand wedge design, designed having an exceptional AWS pointing treatment on all auto tires.

2022 Honda Prelude Exterior

This unique 2022 Honda Prelude Thought was designed by merely Masato Nakano in addition to, together with its exclusive design. Furthermore, they presented control of-all wheels, Honda, generally known as it 4WS. Because of the particular method, Prelude was initially typically the swiftest from the levels of competition; even so, it had been genuinely a bit far more easily and considerably more great-loved.

2022 Honda Prelude Interior

The vacation is fantastic. Steady bonnet, the large cabin in the very best automobile seats, and traveling an automobile the two tiny automobile seating (for the children and details). Merchandise is very comfortable. Managing is essential (notably if you use 4ws – all automobile wheels). The journey suitcases money is completely major.

2022 Honda Prelude Engine

Any 2022 Honda Prelude Thought placed its particular engine, only one a lot more was integrated into your again axle. Every driver is definitely 2.2-liter DOHC VTEC patterns together with 200 hp along with 211 Nm with torque. Seeing that given with the proprietor, the vehicle carries a pretty much very best bodyweight syndication associated with 50:50 and also costs right up from to be able to 100 km / h with 4 periods. An interior maintained in becoming unaffected, besides the engine traveling your back resting. The store described the way the automobile features a particular environment. This is a superb efficiency when proper running your again stop could be the 2.2-liter VTEC.

2022 Honda Prelude Engine

2022 Honda Prelude Release Date And Price

Gossip shows the brand new version of Prelude will probably in absolutely no way provide an Accord approach that may be definitely developed for the front side part portion portion-tire make. The latest design could have a much longer wheelbase and may also make acknowledged numerous with the qualities inside the popular Honda S2000. Right now, we have determined specifics of the precise functioning working day with the different 2022 Honda Prelude Strategy launch. Even though we stored in the development of one’s textual articles, the starting up price within the Prelude ought not to evaluate $ 30,000.