The all-new Mitsubishi Galant is a perfect example of today's economic reality: Japanese vehicles are getting very expensive.
You probably didn't look here for a lesson on economics, so I won't waste your time with a lot of numbers.
But understand this: The price of Japanese goods has risen dramatically in recent months because of the changing relationship between the Japanese yen and U.S. dollar. A year ago the Japanese yen was worth 240 to the dollar. Today the exchange rate is about 108 yen to the dollar.
You don't have to be an economics professor to figure out that anyone selling Japanese goods has to raise prices in order to stay in business.
Though the Galant is assembled in the... Read More