• Yeather@lemmy.ca
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    7 days ago

    30k to 35k is affordable for a new car. The average price for a new car in 2024 was $47870, and an Edmunds survey shows new car buyers are looking for $35k or less.

    • callouscomic@lemm.ee
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      6 days ago

      So it’s affordable relative to other overpriced vehicles but not necessarily relative to income.

      • Yeather@lemmy.ca
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        6 days ago

        It’s affordable for people looking for a new car, people with lower income would look for a used car, or would not be in the market at all.