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Today's ridiculous car market all comes down to the laws of supply and demand - and the supply of new cars is down 75%. Why used and new cars are so expensive right now, explained in 3 charts Skip ...
If you don’t have to buy now, don’t
We're currently in what Pat Ryan, CEO of car shopping app CoPilot, has called the least affordable car market in modern history. In July 2023, CNBC reported that new cars priced under $30,000...
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Transportation once came with relatively basic costs. Not anymore: the average price of a new car in the U.S. has skyrocketed to $50,000 — just $9,000 less than the average annual salary ...
A study from the International Council on Clean Transportation (ICCT) published in 2016 found that in 2015 there were 30 cities in California with a plug-in electric car market share between 6% and 18% of new vehicle sales in the state, representing 8 to 25 times that of the U.S. average plug-in market share in 2015.
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The average auto loan balance held by consumers in the United States increased 5.2% to $23,792 in 2023, according to Experian data. As in 2022, this increase was broadly based, impacting all U.S ...