If you haven't been car shopping in a while, brace yourself

By Yahoo! Finance | Nov 17, 2024 at 11:05 AM EST

New car prices have surged, with Americans now paying an average of $47,612, a $10,000 increase from pre-pandemic levels. Factors include supply chain disruptions, consumer preference for larger, feature-packed vehicles, and automakers focusing on pricier models to boost profits.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.