Just 10% of new car listings are currently priced below the $30,000 mark, after years of price increases have made vehicles unaffordable to millions.

But as things stand, cars are still really expensive for many Americans. Just 10 percent of new car listings are currently priced below $30,000, according to CoPilot. Things are not much better in the used car market, where only 28 percent of listings are currently priced below $20,000.

According to an October report by Market Watch, Americans needed an annual income of at least $100,000 to afford a car, at least if they're following standard budgeting advice, which says you shouldn't spend more than 10 percent of your monthly income on car-related expenses.

That means that more than 60 percent of American households currently cannot afford to buy a new car, based on Census data. For individuals, the numbers are even worse, with 82 percent of people below the $100,000 line.

$100k to afford a car! Wtf.

  • Rom [he/him]
    ·
    11 months ago

    porky-happy That's okay, you can just rent them from us forever. You will own nothing and be happy.

    • 7bicycles [he/him]
      ·
      11 months ago

      Cars have always all been rental properties in pretty much everything but name.

        • 7bicycles [he/him]
          ·
          11 months ago

          Fuck it, every poperty that doesn't fit in your pocket

          What are you gonna do, call the state you pay for when somebody takes your TV? Huh, sounds like you're not owning that shit on account of not having a marauding band of mercenaries to defend it

          basically, property rights are stupid, you don't own shit anyways and that's not even getting into asseit forfeiture or whatever