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The median figure doesn't exist. I've looked for it for ten years, it never gets reported anywhere. The $34,000 figure (2019) is the average for all new consum
by adventured 7y ago
The median figure doesn't exist. I've looked for it for ten years, it never gets reported anywhere.
The $34,000 figure (2019) is the average for all new consumer passenger vehicles, including SUVs, trucks (eg F-150), luxury, etc.
A typical mass market vehicle will more often be in the $22,000 to $26,000 range. From a Honda Civic around $19k, to high volume trucks around $26k-$32k (all base model prices). The Ford Explorer is one of the only vehicles on the top 20 best selling list where the base model well exceeds $30,000; it starts at $36k, versus the F-150 that starts at $28k.
- deng 7y agoAt least for Germany, it is pretty much impossible to really know the average price of a new car. This is mostly due to so called "Händlerzulassungen", which means the dealer will actually buy the car, register it for a day, and then sell it as officially "used". This is why at least in the official statistic, only 30% of all new cars in Germany are sold to private citizens. Dealers do this because they are then more flexible w.r.t. pricing, and also they often get bonuses for registering a certain amount of cars in a quarter.
- mikeash 7y agoI don’t think that’s done in the US. At least I’ve never heard of it, and if a dealer tried it with me I’d probably walk out, assuming they were scamming me somehow.
- vonmoltke 7y agoGenerally states require a vehicle to be driven for a certain amount of time before it can be sold as used. I'm also not sure that dealers are permitted to register cars that they are not using as service loaners.