Asymco on Nostr: ‘Seismic shift’: push toward SUVs makes driving unaffordable for many. Luxury ...
‘Seismic shift’: push toward SUVs makes driving unaffordable for many. Luxury vehicles and soaring insurance prices have sent the cost of US car ownership out of control. The average new car today sells for nearly $49,000, and the average used car lists at more than $26,000 – representing a 31% increase for new cars and nearly 40% increase for used cars since 2020. These increases have brought the total cost of car ownership to all-time highs in a country where cars aren’t really optional.
Published at
2024-01-30 07:28:25Event JSON
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"content": "‘Seismic shift’: push toward SUVs makes driving unaffordable for many. Luxury vehicles and soaring insurance prices have sent the cost of US car ownership out of control. The average new car today sells for nearly $49,000, and the average used car lists at more than $26,000 – representing a 31% increase for new cars and nearly 40% increase for used cars since 2020. These increases have brought the total cost of car ownership to all-time highs in a country where cars aren’t really optional.",
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