[Levin]

By TOM KRISHER
May 15, 2023 GMT


......

Americans are keeping their cars longer than ever. The average age of a passenger vehicle on the road hit a record 12.5 years this year, according to data gathered by S&P Global Mobility. Sedans like Holdsworth’s are even older, on average — 13.6 years.

......

Since the pandemic struck three years ago, the average new vehicle has rocketed 24% to nearly US$48,000 as of April

......

It’s all pushed the national average monthly auto loan payment to US$729 — prohibitively high for many. Experts say a family earning the median U.S. household income can no longer afford the average new car payment and still cover such necessities as housing, food and utilities.

Used vehicle prices, on average, have surged even more since the pandemic hit — up 40%, to nearly US$29,000. With an average loan rate having reached 11%, the typical monthly used-vehicle payment is now US$563.


https://apnews.com/article/cars-older-re...7e1393475c

[WhatDoYouThink!]

Not just car price and coe, everything related to vehicles are very exp now.

Just send mine for basic servicing parkage already 300. New battery 320, 4 tyres 1000.

[zzzzzzz]

usd48,000 is only slightly under sgd65,000, is still consider as cheap
nowaday 65k sgd cannot even buyed attrage

[Levin]

usd48,000 is only slightly under sgd65,000, is still consider as cheap
nowaday 65k sgd cannot even buyed attrage

For most of them, the car is a necessity due to the way the cities are planned. Over 90% of US households owned a car. They don't really have much of a choice.

[cityhantam]

China's cars are cheap!

[WhatDoYouThink!]

China's cars are cheap!

Just now saw one Build Your Dream on the road, really stilo milo. Will consider when coe drops

[sgbuffett]

Another irresponsible country with little public transport and high car ownership.

Just like Malaysia.

[limpeh394]

90% of sinkies oredi gave up the ideas of car ownership long long ago

[WhatDoYouThink!]

Another irresponsible country with little public transport and high car ownership.

Just like Malaysia.

You hv zero idea about how big those places are. Only goondo would cover all of them with public transport

Even there is, after waiting for an hour the buses can suka suka cancel and you won't know when is the next one.

[cityhantam]

Another irresponsible country with little public transport and high car ownership.

Just like Malaysia.

Pls don't assume that every country has good public transport like Sg and China!

[Tangsen]

usd48,000 is only slightly under sgd65,000, is still consider as cheap
nowaday 65k sgd cannot even buyed attrage

65k cant even buy the COE

[Choc]

Pls don't assume that everything country has good public transport like Sg and China!

You chao jhk triggered when mentioning your bodohland

[cityhantam]

You chao jhk triggered when mentioning your bodohland

Your beloved bodohland?