Reported 17 days ago
The average price of a new vehicle in the U.S. has crossed the $50,000 mark for the first time, influenced by tariffs and the rising popularity of electric vehicles (EVs). Kelley Blue Book reports that the incremental price increases are driven by supply chain issues and higher production costs associated with EVs, which typically command a higher price. As wealthier households continue to purchase these vehicles, the trend of rising car prices is expected to persist.
Source: YAHOO