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Car Chase

Who is buying all the new cars?

By Steven S. Brooks Published: October 27, 2011

There was an article in the paper the other day that new car and truck sales are up significantly in our region. The big increase was in medium duty trucks, primarily used by small businesses, but new car sales were up a bit also.

Anyway you slice it, it's good news but it raises a question. With continued high levels of unemployemnt and all government indicators showing annual decreases in middle class salaries, who is forking out the cash for new cars? Even entry level family cars now are approaching the $20,000 price range which is a strain when prices of all other necessities are climbing at record levels. Who can help me with this quandry?



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