> At any rate the median new car price, if we could get it, would be much more telling. Sadly I can't find it anywhere.
The best I can find is $24000 [1], which sounds believable. But that's not referenced. There's a lot of articles stating that most people actually can't afford new cars [2]. Those articles, and studies they're talking about, are comparing median income and average car price, though.
The best I can find is $24000 [1], which sounds believable. But that's not referenced. There's a lot of articles stating that most people actually can't afford new cars [2]. Those articles, and studies they're talking about, are comparing median income and average car price, though.
[1] http://www.financialsamurai.com/the-110th-rule-for-car-buyin... [2] http://www.nytimes.com/2016/07/02/your-money/new-cars-are-to...