Americans are snapping up small cars again, not because they want to, but because it’s what they can afford. Higher sticker prices, plus lofty borrowing rates, are making it harder for people to buy the new car of their dreams, so they often have to settle for a smaller vehicle or look for a bargain […]
Tag: Affordability
Car ownership is no longer affordable in USA
For decades, car ownership has been a trademark of the American lifestyle, with vehicles becoming symbols of freedom, independence and even rebellion, as well as a necessity. But in 2024, the country’s legendary love story with the automobile appears to have reached a crucial point of potential no return, as cars have become unaffordable to […]