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> 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], whic
by sndean 10y ago
> 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.
[1] http://www.financialsamurai.com/the-110th-rule-for-car-buying-everyone-must-follow/ http://www.financialsamurai.com/the-110th-rule-for-car-buyin...
[2] http://www.nytimes.com/2016/07/02/your-money/new-cars-are-too-expensive-for-the-typical-family-study-finds.html http://www.nytimes.com/2016/07/02/your-money/new-cars-are-to...