I'm having trouble finding a median car sale price -- there are a bunch of articles about the average cost of new cars -- but I doubt most families actually are spending that much on transportation. Once you cut out used cars, those without cars, and those spending significantly less for their Kia or Hyundai or whatever, I think you'll find that very few people spend $40k on a car. That's a luxury purchase.
You have probably already realised this if you've lived on the planet for more than 20ish years, but the majority of people certainly seem to be quite insane.
I think you're a bit out of touch. "Few" options? You can get a very, very high end Honda Civic at $30k+, in my opinion. Considering you can get a base Civic for around $16k-$18k, adding on a "few" options isn't going to almost double the price. You have to add quite a few options to get near that $30k number. Or pick a higher end Civic to start with.
> For some real sticker shock look at minivans, a Honda Odyssey can easily hit $40k-50k out the door.
First those are big vehicles so yes, obviously they're going to cost more. But $40k to $50k is with many options as well. You can get a base Odyssey between $28k to $30k depending on where you shop. Not everyone adds $10k to $20k in option.s In fact I would be shocked if any majority of customer adds on so many options.
It would be difficult to spend $30k on a new standard-engine Mazda 3. Mine was $18k brand new. The top standard-engine trim is around $25k. That other $10-17k is another $165-285/month over 5 years at 0% interest, and that is not an insignificant amount of money to many/most people.
If you can't save that much monthly in gas, and all you want is a boring, basic, reliable car, it's not worth it (yet). Tax incentives help, but Tesla is going to hit the 200,000 vehicle limit well before filling even all the Model 3 pre-orders.
Mazda doesn't even have a car in this segment. You should be comparing it against a BMW 3-series, Audi A4, Acura TL, Mercedes C-series, Lexus GS.
All of those vehicles start in the 30s, and you would be lucky to get out the door with reasonable options under $50K. You could probably get the BMW up to almost $100K when you start considering the M package and various sports options.
Indeed, that was my point. The claim that "'economy' cars like the Honda Civic, Mazda 3, Toyota Camry, etc. can easily push up against $30k with a few options" is trying to assert that people buying those kinds of cars are in the Model 3 market. But they really aren't. People buying small luxury sedans like the ones you've mentioned probably are, though.
The parent comment was talking specifically about what people pay and not about the price tag at the new car dealer.
This means the difference between what the median new-ish car price is when sold to an individual, vs. what the median price is for a new car sold to an individual is massive.
Honda Civic LX is 18,640, while the high-end "Touring" trim is $26,500.
http://automobiles.honda.com/tools/build-price/trims.aspx?Mo...
Mazda 3 is $17,845 to $25,795.
And these are at MSRP, and lulz to anyone who can't manage to get a car below MSRP. Pushing up against $30k? Are you kidding me?
Maybe a "racing" model, like Ford Focus ST or Subaru WRX (a small, but very powerful engine, costs premium) will get you to $30k. But you can deck-out these starter vehicles and keep costs around $20k easily.
And as others have said: normal people don't buy new cars.
I don't think you've been car shopping much recently. 'Economy' cars like the Honda Civic, Mazda 3, Toyota Camry, etc. can easily push up against $30k with a few options. For some real sticker shock look at minivans, a Honda Odyssey can easily hit $40k-50k out the door.
With a five year loan or a three year lease and a bit of trade in from a previous car you can easily be driving a $35k car for just a few hundred bucks a month.