3 ms·

I’m not even sure it’s median. It only ever says average, and my totally uneducated anecdotal guess is that it’s a mean. There could be a significant disparity

• pc86 3y ago
  There are only three cars you can get in the US for less than $20k new, and at least two of them are objectively garbage - the Kia Rio and Mitsubishi Mirage. I don't know anything about the Nissan Versa but it can't be that great. I don't say this to be pedantic but to point out that cars across the board are more expensive than most people realize, and if you haven't bought a new car in a while, especially post-COVID, it can be a shock to see that a car with terrible infotainment, a cheap plastic interior, and cloth seats will run you $30-35k new. You want nice speakers? Leather (even fake)? A steering wheel that isn't made out of Fisher Price plastic? Let me know if you find something for under $50k new. God forbid you want anything approaching luxury like ventilated seats or rear seat climate control unless you're willing to drop $1k/mo on something.
• kipchak 3y ago
  I think it would be mean, but I don't know if it there would be much skewing. The most expensive make they include is Tata at a $105,708[1] average transaction price. If you just average all the entries you get $54,000, so it looks like they're using average transaction price by make and number of vehicles sold by make to get the overall average price. https://www.coxautoinc.com/wp-content/uploads/2023/04/March-2023-Kelley-Blue-Book-Average-Transaction-Price-data-tables.pdf https://www.coxautoinc.com/wp-content/uploads/2023/04/March-...