10/15/2026
CAR’s latest research reveals a market shift driven by much more than just the MSRP.
While inflation-adjusted vehicle prices are up only 8% since 2002, the affordability equation has fundamentally changed:
📉 The share of new models affordable to the median household dropped from 55% in 2019 to just 29% in 2024.
📈 The top 20% of earners now account for a record 55% of all new vehicle spending.
💡 Ownership costs (insurance, repairs, financing) and competing household expenses are creating the real squeeze—even as today's vehicles become safer, more efficient, and more advanced.
The takeaway: Vehicle affordability is a multidimensional challenge with no single fix.
Read the full report and explore what this means for the future of the U.S. automotive market: https://www.cargroup.org/publication/vehicle-affordability/