Quote:
Originally Posted by Tcoat
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MMM,
Tcoat, I have to add some comments to this one. I'm surprised you even mention average price for a new car as a metric.
I have always considered 'Averages' to be one of the most overused numbers especially when it comes to purchasing a new automobile. The 'Average' new car price and the 'Average' income has way too many variables to make it meaningful for the 'Average' purchaser.
I could afford most non exotics on the market today, could probably stretch to a Nissan GTR and not lose too much sleep. Does not mean my 30k twin is not expensive. At what point do you say a new vehicle is/isnot expensive, 40k, 50k, 100k,
If we apply some better statistics to car pricing (Regression to mean comes to mind) to our averages (Income, savings, vehicle price, running costs etc ) you would quickly realize that most new car purchases are a good bit beyond most peoples
ideal budgets. Which by definition makes them expensive.
Or to put it another way. Just because one person in 50 million can afford a 3 million dollar Bugatti Chiron does not prove lower price cars are 'Not Expensive'. All it does is mess with the averages.