Americans can no longer afford their cars
Americans can no longer afford their cars
www.newsweek.com Americans can no longer afford their cars
Just 10% of new car listings are currently priced below the $30,000 mark, after years of price increases have made vehicles unaffordable to millions.
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So the average transaction price for a new vehicle is just shy of $48000. It blows my mind that people are buying such expensive vehicles and then complaining they can't afford them. We bought a new vehicle 3 months ago and its price is only half that amount. Yet it comfortably seats two adults and two kids.
There are plenty of vehicles for sale under $30k. But the people are choosing not to buy them. 🤷♂️
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