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.

  • wopazoo [he/him]
    ·
    11 months ago

    only western tourists are permitted to ride them

    the chinese people riding the trains are paid actors

    • jack [he/him, comrade/them]M
      ·
      11 months ago

      correct, but they aren't paid - there is no money in China, except for Mr. Xi, who is the richest man in the world, which he uses to buy off everyone in China (they receive no money in this exchange)

      • wopazoo [he/him]
        ·
        11 months ago

        there is no money in China

        the chinese billionaires are paid actors

        • jack [he/him, comrade/them]M
          ·
          11 months ago

          this process of Mx. Ping paying everyone in China (with no money) is the socialist dream (nightmare) of wealth redistribution, where the richest person gives all their money (there is no money in China) to everyone else (who is an unpaid acting intern)