I see no one that makes these cars can afford one. It would be pretty tough to buy a $24,000 car on 2 bucks an hour.
That's true, but China isn't done with developing their auto industry. Along with final assembly, there are typically plans to increase the local contents of the parts. And as more parts are manufactured there, the price of the automobile will continue to drop. And China will also have the advantage of economy of scale putting even more downward pressure on the price of automobiles. And as more of the automobile is made in China, it will put an upward pressure on wages.
As they continue to move further along the technology path, R&D centers will be built there putting even more upward pressures on wages.
So, the story hasn't finished yet. China still produces less automobiles than Japan, but I'm convinced in 15 years, they'll produce more than Japan AND the US COMBINED.