New Research from Edmunds: Affordability Concerns …

Nearly 1 in 5 New-Car Shoppers Committed to a $1,000+ Monthly ... - Edmu…New-vehicle Monthly Payments Climb to New Heights in Q3 ... - EdmundsPress Releases - Edmunds

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New Research From Edmunds: Affordability Concerns …

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Nearly 1 in 5 New-Car Shoppers Committed to a $1,000+ Monthly ... - Edmu…New-vehicle Monthly Payments Climb to New Heights in Q3 ... - EdmundsPress Releases - Edmunds

edmunds.com

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Nearly 1 In 5 New-Car Shoppers Committed To A $1,000+ Monthly …

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Jan 3, 2025 · New-car shoppers are taking on $1,000+ monthly payments at record levels: The share of consumers taking on loans with new-vehicle monthly payments of $1,000 or more …

edmunds.com

4%
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New-vehicle Monthly Payments Climb To New Heights In Q3

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Both new and used APRs reached points not seen since the Great Recession: New-vehicle APR last hit 7.4% in Q2 2007 (7.5%), and used-vehicle APR is the highest since Q4 2007 when it …

edmunds.com

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New Car Buyers Borrowing More Money Than Ever Before - GM …

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Jan 6, 2025 · That’s according to newly released data from Edmunds, which says 18.9 percent of car buyers with new car loans – almost one in five – have a monthly payment of $1,000 or more.

gmauthority.com

9%
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How Much Is Too Much? New Car Buyers Face Record-high

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Jan 7, 2025 · Nearly 1 in 5 new-car buyers now face $1,000+ monthly payments as affordability declines. ... According to Edmunds, 18.9% of new-car shoppers in the fourth quarter of 2024 …

autoblog.com

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The Departure Of The $20,000 New Vehicle In America - CBT News

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Apr 5, 2023 · New data from Edmunds sheds more light on how the growing affordability crisis could impact both consumers and the car market. According to the research firm’s records, …

cbtnews.com

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Automakers Face Affordability Challenge In 2025

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Jan 7, 2025 · Average new-car transaction prices stood at more than $47,000 in 2024, according to Edmunds, which is about $10,000 higher than average prices were five years ago.

spokesman.com

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Press Releases - Edmunds

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Jan 3, 2025 · Nearly 1 in 5 New-Car Shoppers Committed to a $1,000+ Monthly Payment in Q4 2024, According to Edmunds Experts. Published: 01/03/2025. Read More

edmunds.com

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Edmunds: New-car Affordability Hard To Measure - Automotive News

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Jun 19, 2022 · The average new-vehicle loan payment in the first quarter of 2022 was $648, according to Edmunds Edmunds used to recommend consumers spend no more than 15 …

autonews.com

FAQs about New Research from Edmunds: Affordability Concerns … Coupon?

Will average new and used vehicle monthly payments climb to record highs?

Average New and Used Vehicle Monthly Payments Expected to Climb to Record Highs in Q1, According to Edmunds - 04/01/2022 Data from Edmunds: Green car consideration & car shopper survey results in response to elevated gas prices - 03/17/2022 ...

How many new vehicles will be sold in Q4?

Average New and Used Vehicle Monthly Payments Expected to Shatter Records in Q4, According to Edmunds - 01/04/2022 Edmunds Experts See Significant Pent-Up Consumer Demand, Forecast 15.2 Million New Vehicles Will Be Sold in 2022 - 12/16/2021 Champions of the Road: Edmunds Crowns Its Top Rated Vehicles of 2022 - 12/15/2021 ...

Is there a disconnect between New and used car prices?

A recent report from auto shopping guide Edmunds points to a notable disconnect between what car buyers plan to spend on their next vehicle versus the average prices for new and used vehicles on dealership lots today. ...

Will auto insurance prices rise in 2024?

Insuring a vehicle is set to climb, too. A report released by Insurify last month found auto insurance premiums rose 15% in the first half of 2024, and the company projects the increase will reach 22% on the year. INFLATION HAS BEEN COMING DOWN BUT PRICES ARE STILL ELEVATED: GARY KALTBAUM ...

Are repossessed cars going up in 2024?

A recent study by Cox Automotive found the volume of repossessed vehicles at Manheim auctions, the largest wholesale marketplace, is up 23% year over year through the first half of 2024. They are also up 14% compared with the same period in 2019, according to the data. ...

What is a 'affordability shift'?

An “affordability shift” is taking root in the U.S. auto industry. The trend is being led by people who feel they can no longer afford a new vehicle that would cost them roughly today’s average selling price of more than $47,000 — a jump of more than 20% from the pre-pandemic average. ...