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New cars are increasingly a luxury amid K-shaped economy concerns
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New cars are increasingly a luxury amid K-shaped economy concerns

1 min read

The market has increasingly been pricing millions of Americans out of the new-vehicle market, including by cutting entry-level vehicle lines such as small cars.

DETROIT — American consumers are hitting a fork in the road when it comes to the U.S. automotive industry. Affluent buyers are purchasing new vehicles at increasingly higher prices, while lower-income ones are continuing to drive used models. This tr... [3439 chars]

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Source: CNBC

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