The unexplainable outpacing of the cost of a new car purchase relative to inflation

We talk about this a lot. Media outlets will say wages are up, but in reality there up like .6 percent on the year, which is essentially flat for the herd, yet year over year the prices of autos continue to rise aggressively. As of end of 2019, the average new car sales price was close to 35k and the average SUV was close to 37k. How on earth can autos and there prices outpace inflation year to year so aggressively and still have banks lending on them. Not to mention, average...

https://www.manufacturing.net/automotive/news/21108683/new-vehicle-sales-in-us-fell-13-in-2019-but-still-healthy?fbclid=IwAR2OvnvVoUeQgLrowX0lquR1reB6uIO-9JseW-1b97LyL0Q-79Q3Ze_SI9E

By Credit Life Admin | |
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