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submitted 1 week ago by MicroWave@lemmy.world to c/news@lemmy.world

Car ownership has long been integral to the American dream. But as automakers slash the production of inexpensive models to cater to customers who can afford oversized pickups and sport utility vehicles, buyers find themselves facing sticker shock at the same time they are already frustrated by the lingering effects of high inflation.

Consumer prices rose 3.3% in March, the biggest yearly increase since May 2024, while new car prices were up 12.6% from a year ago, the Labor Department reported Friday.

New vehicles now sell for an average of nearly $50,000, up 30% in six years, and average monthly payments — based on 10% down and a 6-year note — recently hit $775. Looking for something on the cheap end? The share of vehicles listing for less than $30,000 is about 13% — down from 40% five years ago, per the car review site CarGurus.

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[-] jtrek@startrek.website 60 points 1 week ago

This supports my hypothesis that living in the city with buses and trains is worth the higher costs.

[-] azimir@lemmy.ml 34 points 1 week ago

We sold our car and moved to a modern developed city. Only been in on taxi in 8 months, but we ride the trains every day and walk to the local stores for most things. It works great and I would hate to go back to a car centric old world place.

[-] Officer_Pickles@lemmy.world 8 points 1 week ago

Sounds like a dream. Maybe the UK will one day reach this level of transport integration.

[-] azimir@lemmy.ml 7 points 1 week ago

The UK is making some progress. I know Edinburgh and Glasgow are building as they can. They need to get back to digging tunnels soon since trams are great, but very speed limited.

London is world class for pedestrian access and the biking infrastructure is coming along nicely. Get Oxford Street pedestrianized and you'll have a jewel in the shopping district.

The smaller cities do hold onto a kind of vision where cars are the modern day horse ride through the countryside, but once the rail network gets renationalized and back up to speed there will be more demand for local transit improvements.

[-] stoly@lemmy.world 10 points 1 week ago

I’ve been saying this for years but it has taken the current political environment for people to not treat me like an idiot for thinking it.

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[-] INeedANewUserName@piefed.social 41 points 1 week ago

This has been news for 6 years... Associated Press really did axe their employees to think this is a story.

[-] chahn.chris@piefed.social 40 points 1 week ago

Car prices will rise until all cars are self driving and nobody can afford to own them so you will rent driving time when you need transportation. This rental time will be even more expensive than ownership but it will be all you can afford.

You will get deals from driving subscriptions, but the ownership model will go away almost completely someday and big companies will continue to reap the rewards.

[-] Cherry@piefed.social 25 points 1 week ago* (last edited 1 week ago)

The rest of the world will just buy Asian cars and get on with it.

[-] thunderflies@lemmy.world 6 points 1 week ago

I really love my e-bike more with every day

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[-] DarrinBrunner@lemmy.world 30 points 1 week ago

I'm 60, I've never bought a brand-new car, and I doubt I ever will.

The car I'm driving now, which is two years newer than the car I drove for 18 years, is a 2006. I paid $6000 for it about eight years ago, and I'm very happy with it.

[-] SupraMario@lemmy.world 14 points 1 week ago

Yep, I find it insane people who buy a new car every few years. Cars don't just die after 4 or 5 years of use. Most of my Toyotas have 300k miles on them and are early 2000s. They will last way longer than most people assume. Just maintain the damn things.

[-] vaultdweller013@sh.itjust.works 5 points 1 week ago

As the owner of an 01 Tacoma I can confirm, the damned thing is basically a modern Model A/T. It has a good chance of lasting 500,000 miles and being resurrected afterwards.

[-] Duamerthrax@lemmy.world 5 points 1 week ago

I got 400k miles on my current truck. I need to do some repairs to the frame, but I'm going to keep driving it because it's still cheaper to keep it running than deal with a new truck that also needs money put in to it to fix factory design defects.

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[-] Jiral@lemmy.org 26 points 1 week ago* (last edited 1 week ago)

There is always a choice. If those overweight SUVs would be resting like lead in the showrooms and only the smallest and most cost effective offers actually move, producers would adapt. They aren't. (I am aware that producers do their best to advertise those high margin oversized cars but that doesn't change the above).

In Europe we have been seeing a similar trend, for some time. However I am happy to report that this appears to be changing right now. Not long ago, almost all new EVs were some oversized and overweight SUV stuff for fantasy prices. Finally however, we are starting to see more and more compact EVs that are practical, reasonably sized and relatively reasonably priced as well. Take the Renault 5 and soon the Renault Twingo for example. The former in a good version with big battery 33k EUR, the latter 20k EUR.

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[-] anon_8675309@lemmy.world 20 points 1 week ago

We’ll have our walkable cities for sure at this rate.

[-] DarrinBrunner@lemmy.world 14 points 1 week ago

We'll have more people walking in cities, anyway.

[-] billybob@lemmy.zip 6 points 1 week ago

Futures so bright I have to wear shades

[-] RagingRobot@lemmy.world 5 points 1 week ago

Walkin down the stroad

[-] Sunflier@lemmy.world 19 points 1 week ago

Wouldn't it have been nice if the US had a mass-transit system like Europe or China? Oh well.

[-] Damage@slrpnk.net 4 points 1 week ago

The mass transit system in Europe is inadequate, even.

[-] Pacattack57@lemmy.world 5 points 1 week ago

Inadequate is hardly the word and extremely harsh for a system that most people benefit greatly from.

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[-] SaveTheTuaHawk@lemmy.ca 17 points 1 week ago

Does US media know the difference between average and mean or median?

[-] anon_8675309@lemmy.world 20 points 1 week ago

Yes and they use them all to get you to click.

[-] IchNichtenLichten@lemmy.wtf 16 points 1 week ago

I'm not fretting, I'm simply not buying anything other than necessities until Pedolf is gone. I'll have a nice little pile of cash ready to go, assuming this nightmare ever ends.

[-] tal@lemmy.today 11 points 1 week ago* (last edited 1 week ago)

For purchases that can be deferred without it being too painful, it's probably a good idea on purely financial grounds, since some of purchases now are going to go towards taxation, paying tariffs. Trump's earlier tariffs were overturned by the courts, but now courts are looking at the new, global, 10% tariff. Assuming that a future administration will roll back tariffs (or, I suppose, if courts overturn this and later attempts by the present administration at imposing tariffs) the same money would go further then.

[-] IchNichtenLichten@lemmy.wtf 8 points 1 week ago

Oh totally. I'm mostly doing it to create a financial buffer against uncertainty and because I want to do my (very small) part to damage Pedolf's economy.

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[-] DudeImMacGyver@kbin.earth 14 points 1 week ago

Good thing my daily driver is a bike.

[-] yoyoyopo5@lemmy.world 12 points 1 week ago

Seems like the average is inflated with $100,000 extended cab pickup trucks with luxury features. Which have taken over the market.

[-] mycodesucks@lemmy.world 11 points 1 week ago

Don't worry... that extra cost gets you more LCD displays and the ability to pay for a heated seat subscription.

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[-] nao@sh.itjust.works 10 points 1 week ago

New vehicles now sell for an average of nearly $50,000

The share of vehicles listing for less than $30,000 is about 13%

So you can get a car for less than 30k, but those models don't seem to be in high demand

[-] scytale@piefed.zip 11 points 1 week ago* (last edited 1 week ago)

I was gonna say this as well. The average is $50k but no one is forcing you to buy the average priced car. The low cost end of that range is still under $30k (for now). You can still get a reliable Toyota/Honda/Subaru/Mazda sedan or compact SUV with that. What’s actually already disappearing are the under $20k cars. My Kia Soul back in 2020 was just $19k.

[-] Duranie@leminal.space 4 points 1 week ago

Sitting at a Toyota dealership this moment waiting on the hybrid I'm interested in to come back so I can test drive it. The list price is like $34,000 with a number of extras.

I drive for work (hospice) so I put on the miles, and it's just that time.

[-] Naich@piefed.world 8 points 1 week ago

Get them hooked then raise the price.

[-] null@lemmy.org 6 points 1 week ago

A brand new motorcycle is only a few thousand. They basically pay for themselves in fuel costs after a year or two.

[-] UsefulInfoPlz@lemmy.world 5 points 1 week ago

New? Maybe a Chinese scooter around here. Cheapest motorcycle i can think of is 5k not to mention all the bs dealer fees the bike shops charge. Then there’s the fact that auto drivers care less and pay less attention to motorcycles than ever before. They seem to have the mentality of “it their fault for riding a motorcycle”. Meanwhile you’re splattered across the road. I miss my bike but no way i’d ride around here.

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[-] Imgonnatrythis@sh.itjust.works 4 points 1 week ago

Also funeral bills are cheaper than hospital bills.

[-] Viking_Hippie@lemmy.dbzer0.com 6 points 1 week ago

Plus there's a perpetual shortage of organ donors

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[-] Buffalox@lemmy.world 5 points 1 week ago

Those buyers, he said, are being pushed into the used market.

Haha yes that's what we did too, we could buy a new car for the same we paid for a 4 year old car. But we wanted to be able to pull a trailer, and we wanted a better than minimum battery, and the luxury of the bigger car is of course nice too. 😋
We got the VW ID.4 a CUV which means it's built like a real car, not some pickup truck construction that avoids regulation, that American SUV's often are.

The CUV is an amazing drive with perfect handling, an SUV is not.

[-] Willoughby@piefed.world 7 points 1 week ago

~~used~~ proven.

drives off in his Civic Si with multiple possible engine swap possibilities without even changing the ECU

I have enough set aside to make it the Civic Si of Theseus when I'm 72.

/me pushes his chips forward

Let it ride. If gas doesn't pan out even WORSE to where Civic drivers are scrounging, I'll scrap it and drop what I'm holding on an EV, until then!

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this post was submitted on 11 Apr 2026
397 points (99.5% liked)

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