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American consumers spend just under $100 billion a year on new cars, a figure that's remained relatively flat for five years, according to the U.S. Department of Commerce.Source:
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Comments
Wait a second here. New car and light truck sales are about 12 million units per year. It's been much higher before, like 15 million. $100 billion / 12 million units is $8300 per unit which could not be off by as little as a factor of two. Can someone provide a correct answer to this question please?
by blobdell on November 14th, 2010