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by bsanr2 2199 days ago
The crucial difference between those markets and the auto market is that consumers already have an idea of the value of autos across the range of prices. Even a teenager tooling around in a used Civic could tell you why his car cost $4000 and why a Lambo is 6 figures. Meanwhile, while I'm sure there were luxury or industrial vacuums, fans, etc., before Dyson's, most couldn't tell you their cost, nor what features justified that cost, to Dyson's advantage. With cars, though, he can't just say, "These are the features you'll get, and this is what I'll sell it to you for," because people will just point to other, similarly-priced cars and say, "How come it doesn't have [premium feature] like this one?".