Originally Posted by
cooker
That may partly mean that people are driving less or fewer people are driving, and the demand for new cars has gone down a bit.
For many nowadays, LNCF not LCF that is the new reality:
In lower-income cities, however, affordable purchase prices for a typical family are far below the average cost of a new car. In Hartford, Conn., where the median income is about $29,000, an affordable purchase price is about $8,000 — about a quarter of the average new-car price. ~NYT
Meanwhile, rebates are given to California millionaires to buy a Tesla.