FTA: "In November 2019, the average transaction price for a new vehicle was $38,500."
Let's be real, that was unaffordable to most Americans at the time. But, people are also buying what they want, not what they need. You need basic transportation? A used Honda Civic is a great bet. There are lots of used ones, less than 5 years old and many with fewer than 30K miles, available in my area for under $20K.
Was that hungry really accurate? I bought my last car in 2019 and it was 35k, cheaper than a luxury car but more expensive than the average car. I won't what the median price was? And is that price what people were spending, or the average price of cars that were available?
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FTA: "In November 2019, the average transaction price for a new vehicle was $38,500."
Let's be real, that was unaffordable to most Americans at the time. But, people are also buying what they want, not what they need. You need basic transportation? A used Honda Civic is a great bet. There are lots of used ones, less than 5 years old and many with fewer than 30K miles, available in my area for under $20K.
Was that hungry really accurate? I bought my last car in 2019 and it was 35k, cheaper than a luxury car but more expensive than the average car. I won't what the median price was? And is that price what people were spending, or the average price of cars that were available?