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hunter

(40,818 posts)

5. The only people buying "affordable" cars are buying used.

Reply to MichMan (Reply #3)

Mon May 4, 2026, 08:24 PM

Monday

They don't even look at new cars.

The automobile market is entirely driven by the people who can afford those $50,000 cars.

Less affluent people are buying whatever the more affluent people were buying years before. They have no choice and the automotive industry doesn't care what they think.

The "it's what the market demands" argument doesn't work here.

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Highlight:

How Inequality Killed the Affordable American Car by Harold Meyerson [View all] justaprogressive Monday OP

In 2021, I bought a brand-new Chevy! MineralMan Monday #1

BYD to the rescue the_liberal_grandpa Monday #2

do they pass Federal standards? WarGamer Monday #4

If consumers are clamoring for inexpensive vehicles, one would think that they would be on top of the sales charts MichMan Monday #3

The only people buying "affordable" cars are buying used. hunter Monday #5

Avg price means squat, you can get a new car for under $20,000 EX500rider Monday #6

American financial illiteracy and ego killed the affordable car. flvegan Monday #7

I buy new and keep them for 12 years and 225K miles MichMan Monday #8