Vehicle Affordability in America: The Car Is Not the Villain
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
The affordability of new vehicles in the US appears to be declining, with higher prices and loan rates outpacing income growth. Some reports suggest that certain affordable car models are no longer being offered, while others indicate that some buyers are opting for simpler, more value-oriented vehicles. The impact of this trend on the US car market and middle class is still unfolding, with some outlets noting a significant decline in the number of Americans participating in the new-car market.
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