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Are New Cars Too Expensive For the Average American?

The average price of a new car rose in 2013 by $1,536. Did the average annual wage for the average American worker rise by this amount in 2013 as well? No. Plain and simple, the price of a brand-spanking new car with that awesome new car smell is rising out of reach for the average American. Leaving all of us to stick it out with our old cars longer, buy used or seek a new method of getting around.

According to CNBC, a new report conducted in 25 major metropolitan areas in the United States concluded that in 24 of those 25 cities, the average price of a new car was unaffordable for the average American family.

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Categories: Car News