Reported 6 days ago
Car shoppers in America are facing significant price increases, with the average cost of a new car reaching $47,612 in October, nearly $10,000 more than pre-pandemic levels. Factors contributing to this surge include supply chain disruptions, a consumer preference shift towards larger vehicles, and automakers focusing on higher-priced models. Despite slight price decreases year-on-year, increased interest rates and potential tariffs could lead to even higher future costs for car buyers.
Source: YAHOO