06-11-2021, 07:26 PM
|
 |
Senior Member
|
|
Join Date: Mar 2017
Location: ABQ, New Mexico
Posts: 36,633
Thanks: 3,506
Thanked 136,555 Times in 22,784 Posts
|
|
Car prices are soaring, and they're not going to stop
Quote:
Car dealer lots have only a fraction of the vehicles — both new and used — that they typically have. That's helping send prices to record levels and lifting the nation's overall inflation rate.
And the price increases aren't over yet.
The average new car price hit a record $38,255 in May, according to JD Power, up 12% from the same period a year ago.
About two-thirds of car buyers paid within 5% of the sticker price in May, with some even paying above sticker.
|
https://www.cnn.com/2021/06/11/busin...ewmarketribbon
|