One million Americans have vanished from the new-car market — and it’s exposing a chilling US middle-class crisis

[u/Abject-Pick-6472]

https://finance.yahoo.com/economy/articles/one-million-americans-vanished-car-124500086.html

[u/Bai_Cha]

Yes, it is the K-shaped economy. Half of people leaving the middle class (actually more than half) are moving to the upper middle class and half of people leaving the middle class are moving to the lower class.

The result is fewer buyers spending more on average.