Used car and EV sffordability improves as new cars move further out of reach

(iSeeCars) – Higher interest rates were offset by lower prices for used cars and electric vehicles, but new car affordability dropped by 6.8 percent  

Highlights:

• Over the past year used cars have become 5.8 percent more affordable as prices fell and median household income rose
• New and used electric vehicles are rapidly improving in affordability, with prices down 10 percent for new EVs and 20 percent for used EVs
• 23 Used car models have become affordable…