←back to thread

The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 1 comments | | HN request time: 0.286s | source
Show context
tlogan ◴[] No.44422630[source]
This is a great example of how factually incorrect narratives - so long as they align with a preferred agenda (which is that things are not affordable any more) - it gets upvoted.

Reality check:

- In 2025, there are 12 new car models available under $25,000

- In 2005, there were around 10 new models under $15,000 (25k adjusted by inflation)

So the premise that “cars used to be much more affordable” is not true. This article is full of misleading or outdated information that distorts the real trend.

HN deserves better data-driven discussions.

replies(17): >>44422669 #>>44422707 #>>44422749 #>>44422885 #>>44422919 #>>44423014 #>>44423067 #>>44423538 #>>44423622 #>>44423626 #>>44423874 #>>44423904 #>>44423959 #>>44424442 #>>44425246 #>>44425626 #>>44430456 #
dudeinhawaii ◴[] No.44423874[source]
While we're being data driven - the narrative isn't far off from reality. Looking at inflation in isolation is also misleading.

Plainly, prices have risen faster than pay.

Avg. new-car price: $23,017 in 2005 -> $47,465 in 2024 (+32% after inflation).

Median household income: $46,242 in 2005 -> $80,610 in 2023 (+12% after inflation).

replies(7): >>44423950 #>>44423952 #>>44423972 #>>44424048 #>>44424126 #>>44424600 #>>44428795 #
marcellus23 ◴[] No.44423952[source]
Is the average new-car price the average price that people are buying cars at, or the price that cars are being released at?
replies(2): >>44424086 #>>44424262 #
1. nemomarx ◴[] No.44424086[source]
I believe it's the price they're bought at, and the rate of average car debt is also similarly higher so it checks out