We're talking new cars here, so the 30% figure isn't relevant. It's not fair to compare the 70% of used car sales to the $60k price here, since that's a new car

We're talking new cars here, so the 30% figure isn't relevant. It's not fair to compare the 70% of used car sales to the $60k price here, since that's a new car price. So if the average new car is $37k, how many are in the range of $60k? The luxury segment alone is more than 10% and one of the fastest growing, and generally starts above $40k. And the $37k average isn't far from that, so I'd assume that there are tons of cheap cars pulling the average down, but also that there are probably a lot of very expensive cars pulling the average up. So while $60k for a new car is high, it's not like a crazy 1% super luxury purchase. I think you might be the one out of touch here...there are a LOT of wealthy people out there buying new cars for whom $60k is a drop in the bucket. For example: the very story that we're all commenting on!