If You Are Earning Less Than $100,000 A Year You Probably Aren't In The Market For A New Car

New-car prices are higher than ever. The average transaction price just recently hit over $50,000 in December, and now the number of consumers who earn less than $100,000 is plummeting. 

 

According to new data from Cox Automotive, consumers who earn less than $100,000 a year account for just 37 percent of new-car buyers. That number was 50 percent in 2020.