Consumer perception significantly influences car prices
. Established brands with a history of reliability and quality, like Toyota or Honda, often maintain higher prices than newer or less reputable brands. Furthermore, specific models within a brand can also carry price variations based on their reputation. For instance, a brand known for its sporty performance may charge a premium for its sport models, while its economy line might be more competitively priced. Marketing strategies and brand loyalty also play crucial roles in maintaining a vehicle’s market price.
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2025-08-16 14:45
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