Quote:
Originally Posted by NickyC
Quote:
Originally Posted by See5
Overpriced relative to what?
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Overpriced in relation to wage growth. 72/84 hell even 96 month car loans are not a sign of healthy vehicle prices for the average consumer, nor is the over $1.2 trillion in overall auto loan debt in the United States alone. I shop cars and car pricing frequently, and it's stunning to see how much average prices have increased in just the last ten years. Of course, it's all relative to your overall income but speaking for the average US consumer, new vehicles are terribly overpriced in relation to real wages.
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Not a news across assets..., though it might be questionable if car is an asset, cheap financing certainly helped though