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Automakers offered 36 car models within that price range, as of five years ago. That number dropped to 10 in 2023. Kelley said cars priced at $60,000 and up jumped 163%.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
Timing is everything in life. And with used car prices still 29.6% higher than pre-COVID-19 pandemic levels, according to a study from used car search engine site iSeeCars, timing your used car...
The average $25,000 price of a car imported from Mexico or Canada could jump $6,250 if the tariffs take effect, according to an analysis by S&P Global Mobility. The automotive research firm ...
The average price of a new car has climbed steadily over the past couple of years. Due to supply chain issues during the pandemic, car prices went up -- and never really stopped. See: 25 Sneaky Car...
The 2025 Nissan Versa is one of the cheapest new cars you can find, and the price recently dropped below $20,000. The smallest sedan starts at $18,330. It’s a nice bargain when considering many ...
The interest rate on a new car loan averaged 7.4% in the third quarter, the highest since 2007, according to car research group Edmunds and as reported by Financial Times. The average monthly ...
Unfortunately for prospective buyers, new cars have seen continued price hikes over the past 11 months. Combined with higher interest rates, these increases have made new cars less affordable over ...