Did a little looking...
Apples to as similar apples possible: 2014 Sno Pro LTD is pretty darn close to the current 2019 base sno pro.
2014 MSRP: $12,749
2019 MSRP: $13,099
To your point, 2014 "top of the line sled" (Sno Pro LTD) compared to 5 year's later top of the line sled (Alpha), we're at $2K, not $5K:
2014: $12,749
2019: $14,699
"should cost less because there's less components/weight". hahahahaha! R&D is EXPENSIVE when you do it in an actual business atmosphere. Yes, many of you tinker around and build some pretty cool stuff that is very innovative and consider it "cheap", but now do it while paying the engineers $xxx,xxx/yr in pay and benefits, ship the product all around the world for testing, pay the test riders, either produce or have a supplier produce one-off parts at ridiculous costs, and then go into a several year test cycle for that product all while adjusting your manufacturing plant and processes to accommodate building hundreds of them in the EXACT same way with a very low failure rate to minimize scrap, warranty, and other costs.
That doesn't even begin to mention the soft costs of supplier agreements, testing supplier quality, battling regulatory hurdles, and appeasing the millennial workforce that's putting this all together and making it work. I'm shocked the prices are where they are...surely don't want to spend more, but considering there are bicycles (yes, the kind without a motor) that cost very similar to a new snowmobile I think we are getting a damn good value for the product. I can't believe the can make these things this light, yet this durable, all the while being very reliable.