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Showing Original Post only (View all)If you haven't been car shopping in a while, brace yourself [View all]
New York
CNN
Its called sticker shock. And if you havent been to a dealers showroom since before the pandemic, you might want to prepare yourself.
Americans paid a whopping $47,612 on average for a new car in October, according to data from Edmunds. Thats a jump of almost $10,000 from October 2019, ahead of the pandemic. That means new car prices have risen much faster than most goods and services.
The price jump has multiple origin stories: The pandemic snarled supply chains and limited essential car parts. Buyers increasingly prefer larger cars with more features, continuing the decades-long shift to bigger, more expensive SUVs and trucks.
But much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The more they charge for a car, the more money they make off it.
https://www.cnn.com/2024/11/16/business/50k-car-prices/index.html
No thanks.