Posts Tagged ‘New Car Affordable’

Car Prices: Something Funny Is Going On

People are paying way too much for new vehicles these days, with average transaction way out of whack with average household incomes.

According to Kelley Blue Book, the estimated average transaction price (ATP) for light vehicles in the United States was $33,261 in May 2017. According to the government…

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Cars Are Unaffordable, But Will That Stop Buyers?

New cars are unaffordable in all major U.S. cities, according to a new report from Bankrate. However, we continue to see strong sales of new vehicles. What gives?

First, let’s define what “unaffordable” means. Experts look at the median household income in various cities, then apply the “20…

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