U.S. New Car Sales Plummet as Affordability Crisis Pushes Ownership Out of Reach for Average Americans
By
Mike Pearl
The kind of bagel that ruins lesser bagels for you.
Summary
The article reports that new car sales in the U.S. have dropped significantly from 17 million annually before the pandemic to much lower levels projected for this year. Major automakers like Ford, GM, and Toyota agree that Americans are not expected to increase new car purchases anytime soon. The piece frames buying a new car as increasingly unattainable for average Americans, positioning it as a luxury rather than a normal purchase.
Key quotes
· 3 pulledAmericans aren't about to start buying more new cars anytime soon
annual new cars sales in the U.S. were at 17 million the year before the pandemic in 2020
buying a new car is increasingly a baller move, rather than something normal Americans can do
You might also wanna read
Auto Loan Defaults and Repossessions Surge as Americans Struggle with Car Ownership Costs
Americans are facing a severe auto loan crisis with surging defaults and repossessions as drivers struggle to keep up with the high costs of
carscoops.com·8mo ago
US Auto Loan Defaults and Repossessions Surge, Raising Economic Concerns
The article reports on growing concerns in the US auto lending market as car repossessions surge and Americans default on auto loans at alar
theguardian.com·7mo ago