A compact SUV is one of the best selling card this year in the US and at ~20K its not actually that pricey compared the average car price in the USA of $34K.
And the compact SUV is looking like it it will dislodge the sedan's long dominance. See:
>$36K is pretty close to average car price in the US now:
You have to keep in mind that $36k 'average' number is highly inflated by luxury purchases. Most people end up spending closer to $20k. I think when they hit below that magical $19,995 number we will see massive adoption.
Yeah, that's a mean not a median, and is therefore the wrong average to use for this purpose, which calls for median (or even mode in preference to mean.)
You have to keep in mind that $36k 'average' number is highly inflated by luxury purchases. Most people end up spending closer to $20k. I think when they hit below that magical $19,995 number we will see massive adoption.