News@lemmy.worldEnglish · 6 months ago

Americans can no longer afford their cars

www.newsweek.com

126

cross-posted to:
personalfinance@lemmy.ml

377

Americans can no longer afford their cars

www.newsweek.com

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 6 months ago

126

cross-posted to:
personalfinance@lemmy.ml

Just 10% of new car listings are currently priced below the $30,000 mark, after years of price increases have made vehicles unaffordable to millions.

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6 months ago
Brand new cars in 1973 were like $2500 ($17000 in today’s dollar). No one wants to sell compacts in the US anymore because people love their giant SUVs.

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