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re: New cars, once part of the American dream, now out of reach for many

Posted on 5/8/23 at 7:10 pm to
Posted by KingOfTheWorld
South of heaven, west of hell
Member since Oct 2018
5448 posts
Posted on 5/8/23 at 7:10 pm to
quote:

My BIL bought a new Denali PU. MSRP $79; got it for $73k.


You probably mean “he financed it for $73k.”
Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
4839 posts
Posted on 5/8/23 at 7:13 pm to
The bigger issue which many aren’t bringing up is the wage gap the last 3 years. As everything went up including new and used cars, wage have not kept up with inflation. This is a double whammy as new car prices go up due to supply, rising unrest rates and stagnant wages. That same car you were looking at in 2019 is suddenly $15k-$20k more expensive for the exact same model.
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