Quote:
Originally Posted by cash68 /img/forum/go_quote.gif
Average income in America is about 30-35k a year.
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That's far too low.
Median income is considered a more salient statistic, and according to the US Census, that figure was $48,200 in 2006.
US Census Press Releases
I can't find the corresponding average for 2006, but average income is typically 35 to 40% higher than the median....so the average would be roughly $66,300.
Historically, American families only paid 20 to 25% of annual income for an average new vehicle. Seems to me that current prices indicate that percentage has risen to 30 to 35%. Also, more buyers paid cash in the past than they do now, as far as I know.
On the other hand, I remember that my dad's 1958 Mercury was starting to rust pretty badly by the summer of 1963, and reaching 100k miles on a pre-1970's American vehicle was truly something to brag about. My first car, a 1974 Ford Pinto station wagon, needed a new trans and was burning oil at only 42k miles.
My 2003 Mazda Protege5 seems hardly broken in at 38k. I drove a 1996 Infiniti G20 (a Nissan Primera outside of the US) to 126k with the original battery. It went back to the dealer once in 8 years to replace the clutch cable, and to a local shop at 116k for a new clutch. Other than fluid changes and tires, that was it! I'd love to buy an American vehicle that would provide me with the same quality....so far, I have yet to find one.
Last July was the point at which the US domestic manufacturer's share dropped to less than 50% of the US market. The split was 48% domestic, 45% Asian makes, and 7% European. With the weakening dollar, that might change.
Any idea of what the average Aussie family vehicle costs as a % of average or median income, fordgtlover?