Comment by freetime2
16 days ago
I also believe this $50,000 stat is the mean car price which is likely to be pushed up by luxury car sales that cost 2-4x what a typical car costs, whereas a median price would give a better indication of what most people are actually spending. I did a quick Google search and wasn't able to find any data on median price, though.
$50000 stat is the mean transaction price, which includes the dealership stuff that gets added on. While it’s true that it is an average, companies are increasingly not making cheaper models. Sub $30k new cars are almost a myth at this point. You get sedans and hatchback models that start in the high 20s as the base price but we all know you’re not walking out of that dealership with a base model or just paying the advertised rate. SUVs on the other hand, which most people prefer these days are closer to $40k.