New car prices have soared in recent years. As a result, those looking for a cheap new car have very few options in today’s market. While average transaction prices for new cars declined 1.4% year-over-year as of October, they have increased to an average price of $47,936—roughly a 60% increase over the last decade. In the following graphic, Visual Capitalist's Marcus Lu shows the steep rise in new car costs, with data from Cox Automotive. New Vehicle Price Growth A host of factors can explain the jump in new car prices. These include…
Hence then, the article about charting the decade long surge in car prices was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Charting the Decade-Long Surge in Car Prices )