A Honda Civic manufactured in Japan used to sell for more than a Honda Civic manufactured in the US.But cars assembled in the US have finally lost their stigma, according to a study by Nicola Lacetera at University of Toronto and Justin Sydnor at University of Wisconsin. Researchers focused on data for 565,000 Japanese cars sold between 2002 and 2008.
While Japanese-made used cars sell for an average of $62 more than their American counterparts, those are for older models. Newer-model Toyotas and Hondas made in the U.S. now carry the same credibility as Japanese cars.
Their findings suggest an optimistic conclusion for US manufacturing:
These results suggest that Japanese automakers have been successful, though perhaps with some lag, at transferring their high-quality practices to their U.S. transplants. Our findings also suggest that there is not an inherent limitation to the U.S. manufacturing environment that prevents the production of high-quality cars in America.
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