The
bottom 10% of US households earn $13,448 a year or less. The bottom 25% of US
households earn $29,000 a year or less. The bottom 50% of US households earn
$58.849 a year or less. Half the households in the US struggle to pay their
bills.
The US
population is 325 million and half of them would welcome lower priced cars with
fewer unnecessary bells and whistles.
In the
1960s, you could get a used car for $100 and drive it for several years. These
cars couldn’t drive themselves, but we didn’t care.
The
2018 Auto Shows were in the news and showcased new models with prices from
$50,000 to 200,000. These are pitched to attract buyers from the top 50% of US
households who earn $100,000 or more, but even those who can easily pay their
bills are not likely to buy many of these automotive marvels.
The
best car for households who want to save money on gas is still the Toyota Prius
Hybrid priced at $23,500. Global sales of the Prius exceeded 10 million in 2017
and is still climbing.
The cheapest car in China is the Jiangnan TT
and the cost is $2,415. Global purchases
of imported crude oil totaled US$679.1 billion in 2016. If the US could drill
enough oil to become China’s biggest oil importer, we would probably be able to
buy cars for $2,415.
Norb
Leahy, Dunwoody GA Tea Party Leader
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