Used car and EV sffordability improves as new cars move further out of reach

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(iSeeCars) – Higher interest rates were offset by lower prices for used cars and electric vehicles, but new car affordability dropped by 6.8 percent  

Highlights:


  • Over the past year used cars have become 5.8 percent more affordable as prices fell and median household income rose
  • New and used electric vehicles are rapidly improving in affordability, with prices down 10 percent for new EVs and 20 percent for used EVs
  • 23 Used car models have become affordable…

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