3 ms·
That average price is being dragged up a lot by truck sales, including fleet purchases. While the average MSRP of cars in general has definitely risen over the
by danaris 3y ago
That average price is being dragged up a lot by truck sales, including fleet purchases.
While the average MSRP of cars in general has definitely risen over the last few years, I don't think it's all that likely that most people are buying much larger, more expensive cars, particularly given the overall decrease in their purchasing power.
Frankly, I suspect that many buyers have been priced out of the new-car market entirely—which would provide another upward pressure on their average selling price, as more of those who would have been buying at the bottom simply vanish from those statistics. And someone who's now looking at used cars because they're not even able to afford a $23k new Corolla or Civic is absolutely not going to be in the market for a Tesla of any kind.