At $32,000 The Average American Can No Longer Afford The Average Car

While the US has shown a rapid recovery from the latest financial and economical crisis, the turnaround has been rapidly reflected by the prices of new cars and not so much by the average income in the household.

With various studies showing that Average Transaction Prices have been hitting record levels, more and more motorists are getting priced out of the rising market. A new study made by financial website Interest.com shows that “average-priced” new car or truck is no longer accessible to the average median-income household in 24 out of 25 largest metro areas.

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