New Car Prices Top $51,000, Monthly Payments At Record. What Could Possibly Go Wrong?

Summary
New Car Prices Top $51,000, Monthly Payments At Record. What Could Possibly Go Wrong? The average price of a new vehicle in the US has climbed to a record $51,109 , according to a new Cox Automotive report citing Kelley Blue Book data. Combined with new-car loan rates near their highest levels since the mid-2000s, record sticker prices are putting vehicle ownership increasingly out of reach for many working-class folks, even before insurance, fuel and maintenance costs are factored in. He wanted to get a Tesla but ended up buying a 2013 Toyota Camry ✨ pic.twitter.com/uEO3T8PL08 — Oyindamola🙄…
Description from Zero Hedge.
Who is covering this
-
New Car Prices Top $51,000, Monthly Payments At Record. What Could Possibly Go Wrong?
New Car Prices Top $51,000, Monthly Payments At Record. What Could Possibly Go Wrong? The average price of a new vehicle in the US has climbed to a record $51,109 , according to a new Cox Automotive report citing Kelley Blue Book data. Combined with new-car loan rates near...
Low reliability sourceElevated risk

Comments
Comments need JavaScript.