We're talking about new cars, which in the US the average price of is $50K. The working class tends to buy used cars, of which 3 times more than new cars are sold each year.

Doesn’t matter the price really. People will lease new cars for a couple hundred a month. Or finance them to about that monthly. No one is paying $50k day one. This makes it so people you wouldn’t expect to afford a 50k asset actually do have one, because they can afford to part with like $200/mo.