this post was submitted on 07 May 2024
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[–] Telodzrum@lemmy.world 16 points 6 months ago (1 children)

Total new vehicle sales has remained roughly static for a little less than two decades. So yes, people can afford new cars.

[–] kautau@lemmy.world 20 points 6 months ago (1 children)

For most, they can afford to finance them, but the rates aren’t looking too good lately

https://www.statista.com/statistics/290673/auto-loan-rates-usa/

[–] Telodzrum@lemmy.world 1 points 6 months ago

Well yeah, they follow the prime rate.