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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 ...
Why cars are so expensive now Car ownership is one area of American life that's been hit hardest by rising inflation in recent years. Most Americans not only own cars, but also need them to get to ...
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Generally, the Central Valley in Northern California is the least expensive area, as is the Inland Empire in Southern California, though prices in these regions are still much more expensive than most other areas of the country, to the point that there are also communities in these areas where housing prices average around the $1 million mark.
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...
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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