Which is about twice as much as I ever paid for a car.
I absolutely know you can recoup a part of that in the long run, especially given the price of gas, etc... But at the moment I'm already indebted to do insulation work in my house - there's a limit to how much an individual can invest at any given point, even if the investment is sure to pay off.
And again, remember that you have to be _rich_ to afford such a car. Real people are already having a hard time buying second hand cars at around 5000€/10000€.
I realize I don't have any real data point, so let's digg in.
At current exchange rate, $20000 is 18000€. I checked the 3 most sold cars for last year in France [1], and the listed price range from 12k€ to 16k€.
So, it's not obvious that a 18k€ car is "cheap" - but it's just a napkin computation.
I'm surprised to learn that each model accounts for a pretty small percentage of the total sales, around 5% each. I would have expected more for at least the top salers.
If we wanted to get a real sense of what "cheap" means, what would make more sense in your opinion ?
- A simple "average" of the prices ?
- A weighted average of the prices, taking the percentage of sales into account ?
Also, in the distribution, do you define "cheap" as "the lower half" ? "the last decile" ?
