Thursday, February 28, 2013

Is Detroit screwing it up again?

In big U.S. cities, most households can't afford to buy a typical new car.

Why aren't the automakers pushing more of the cheaper models? It doesn't seem like they're on a smart path for sales growth.

New studies by and say that, in all but one of the top 25 cities in the U.S., a household with median income really can't afford the payments on a typical new car costing $30,500.

Only in Washington, D.C., (surprised?) can the median household with income of $86,680 easily consider buying new wheels.

Where is the Volkswagen when we need it?

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