DETROIT — Look no further than the automotive industry for the latest indication that U.S. consumers could be facing a "K-shaped" economy , where the wealthy keep seeing gains while those who have lower incomes struggle.

The average price paid for a new vehicle last month topped $50,000 for the first time ever, Cox Automotive's Kelley Blue Book reported Monday. Meanwhile, auto loan delinquency rates remain near all-time highs for those with low credit ratings.

Consumers who can afford a new vehicle are on a buying spree, while those on tighter budgets are staying out of the market, according to Cox Automotive executive analyst Erin Keating.

"While there are many affordable options out there, many price-conscious buyers are choosing to stay on the sidelines or cruising in the used-

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