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BasicMed, Sport Pilot, Experimentals, and LSA's are chipping away at it, but the high cost of entry as a deterrent for retards is a double edged sword that inhibits growth.
A new 172 does not have $450,000 worth of components, nor does it have to recoup basically any development costs, but as long as the U.S. is such a litigious country Textron, Piper, et al will never lower the price back to the actual cost of production