New Cars Increasingly Out of Reach for Many Americans

Looking to buy a new car, truck or crossover? You may find it more difficult to stretch the household budget than you expected, according to a new study that finds median-income families in only one major U.S. city actually can afford the typical new vehicle.
Audi cars for sale at a dealership on January 16, 2013. REUTERS/Michael DalderThe typical new vehicle is now more expensive than ever, averaging $30,500 in 2012, according to TrueCar.com data, and heading up again as makers curb the...