According to quick googling, sales of used cars outnumber new car sales by about 2.5:1 in the US. The ratio is almost certainly higher in other parts of the wor

According to quick googling, sales of used cars outnumber new car sales by about 2.5:1 in the US. The ratio is almost certainly higher in other parts of the world. Anyway, globally speaking the US middle class is, of course, extremely wealthy. Even in most Western countries €$£40k cars are not really affordable to the middle class.