HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » $30,500 average: New Cars...
Introducing Discussionist: A new forum by the creators of DU

Wed Feb 27, 2013, 11:00 AM

$30,500 average: New Cars Increasingly Out of Reach for Many Americans [View all]

Source: CNBC

Looking to buy a new car, truck or crossover? You may find it more difficult to stretch the household budget than you expected, according to a new study that finds median-income families in only one major U.S. city actually can afford the typical new vehicle.

The typical new vehicle is now more expensive than ever, averaging $30,500 in 2012, according to TrueCar.com data, and heading up again as makers curb the incentives that helped make their products more affordable during the recession when they were desperate for sales.

According to the 2013 Car Affordability Study by Interest.com, only in Washington could the typical household swing the payments, the median income there running $86,680 a year. At the other extreme, Tampa, Fla., was at the bottom of the 25 large cities included in the study, with a median household income of $43,832.

Read more: http://finance.yahoo.com/news/cars-increasingly-reach-many-americans-145957880.html

124 replies, 7292 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 124 replies Author Time Post
Reply $30,500 average: New Cars Increasingly Out of Reach for Many Americans [View all]
Newsjock Feb 2013 OP
OceanEcosystem Feb 2013 #1
Gorp Feb 2013 #18
Bay Boy Feb 2013 #53
HiPointDem Feb 2013 #61
Freddie Stubbs Feb 2013 #72
Cary Feb 2013 #78
CBGLuthier Feb 2013 #2
dsc Feb 2013 #3
WCGreen Feb 2013 #6
guardian Feb 2013 #15
Initech Feb 2013 #45
DainBramaged Feb 2013 #120
DeschutesRiver Feb 2013 #124
uponit7771 Feb 2013 #48
MattBaggins Feb 2013 #64
Purveyor Feb 2013 #4
exboyfil Feb 2013 #10
Tommy_Carcetti Feb 2013 #30
DainBramaged Feb 2013 #121
Bay Boy Feb 2013 #55
exboyfil Feb 2013 #76
HiPointDem Feb 2013 #62
niyad Feb 2013 #5
jberryhill Feb 2013 #7
nadinbrzezinski Feb 2013 #17
TDale313 Feb 2013 #28
Bay Boy Feb 2013 #56
DJ13 Feb 2013 #63
Bay Boy Feb 2013 #66
nadinbrzezinski Feb 2013 #79
Bay Boy Feb 2013 #92
nadinbrzezinski Feb 2013 #97
nadinbrzezinski Feb 2013 #74
Bay Boy Feb 2013 #83
nadinbrzezinski Feb 2013 #87
Bay Boy Feb 2013 #84
frazzled Feb 2013 #20
dairydog91 Feb 2013 #36
Bay Boy Feb 2013 #58
aaaaaa5a Feb 2013 #8
cali Feb 2013 #9
ForgoTheConsequence Feb 2013 #13
cali Feb 2013 #38
oldhippie Feb 2013 #27
dairydog91 Feb 2013 #37
GoneOffShore Feb 2013 #117
HangOnKids Feb 2013 #39
Lex Feb 2013 #44
HangOnKids Feb 2013 #50
Politicalboi Feb 2013 #59
Lex Feb 2013 #65
kwassa Feb 2013 #109
rexcat Feb 2013 #51
OregonBlue Feb 2013 #67
rabid_byter Feb 2013 #107
JI7 Feb 2013 #122
TheKentuckian Feb 2013 #123
aristocles Feb 2013 #11
IDemo Feb 2013 #12
nadinbrzezinski Feb 2013 #14
Tempest Feb 2013 #16
qazplm Feb 2013 #112
bhikkhu Feb 2013 #19
nadinbrzezinski Feb 2013 #23
dmallind Feb 2013 #49
bhikkhu Feb 2013 #93
GreenStormCloud Feb 2013 #24
Tempest Feb 2013 #25
bhikkhu Feb 2013 #95
Bay Boy Feb 2013 #60
supernova Feb 2013 #21
canoeist52 Feb 2013 #22
GreenStormCloud Feb 2013 #26
tabbycat31 Feb 2013 #40
rainbow4321 Feb 2013 #54
kwassa Feb 2013 #110
Lex Feb 2013 #29
Union Scribe Feb 2013 #31
Brickbat Feb 2013 #32
RedSpartan Feb 2013 #33
bike man Feb 2013 #34
aristocles Feb 2013 #35
llmart Feb 2013 #99
Jeff In Milwaukee Feb 2013 #41
MineralMan Feb 2013 #42
Liberal_in_LA Feb 2013 #69
MineralMan Feb 2013 #70
Liberal_in_LA Feb 2013 #71
justanidea Feb 2013 #43
Lex Feb 2013 #46
bluedigger Feb 2013 #75
hfojvt Feb 2013 #47
MineralMan Feb 2013 #77
appleannie1 Feb 2013 #52
LTX Feb 2013 #57
Mr Dixon Feb 2013 #68
MineralMan Feb 2013 #73
Southerner Feb 2013 #80
Arugula Latte Feb 2013 #81
Lex Feb 2013 #82
BainsBane Feb 2013 #86
BainsBane Feb 2013 #85
oneshooter Feb 2013 #88
nadinbrzezinski Feb 2013 #90
oneshooter Feb 2013 #94
nadinbrzezinski Feb 2013 #96
oneshooter Feb 2013 #105
bluedigger Feb 2013 #114
nadinbrzezinski Feb 2013 #115
bluedigger Feb 2013 #116
TwilightGardener Feb 2013 #89
DearHeart Feb 2013 #91
Number23 Feb 2013 #98
titaniumsalute Feb 2013 #100
pipoman Feb 2013 #104
RedCappedBandit Feb 2013 #101
rabid_byter Feb 2013 #102
pipoman Feb 2013 #103
A HERETIC I AM Feb 2013 #106
samplegirl Feb 2013 #108
FarCenter Feb 2013 #111
Rochester Feb 2013 #113
DainBramaged Feb 2013 #118
quaker bill Feb 2013 #119