Cheap Cars are the New Cool
Even with some comfort options, the Chevy Bolt is just under $30,000 Inexpensive cars are getting a lot of attention lately. With rising prices, people increasingly seek bargains. While the average price of a new car may be around $50,000, the median price of a new car is closer to $40,000. When you use the mean average it's too easily impacted by new car buyers’ preference for luxury cars, electric vehicles, and available dealer inventory. The median is calculated by looking at a list of all the prices; the price in the middle is the median. The median price is where there is an equal number of higher prices and an equal number of lower prices for any given item. New Car Bargains Still, $40,000 is a lot of money, so where are the bargains? There are plenty of vehicles that carry a manufacturer suggested retail price (MSRP) of under $30,000. The Chevrolet Trax, the Kia K4, the Nissan Kicks, and the Nissan Sentra are just a few examples. But what if you want an electri...