Where did all the cheap cars go? New research from Edmunds …

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

1 week from now

Jan 3, 2025  · The average amount financed for new-vehicle purchases was $42,113 in Q4 2024 — an all-time high, according to Edmunds records — compared to $40,713 in Q3 2024 and …

edmunds.com

Experts: Auto Industry Must Address Affordability Of Cars In 2025

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Jan 8, 2025  · According to J.D. Power's data, the average monthly car payment in November 2024 was $740, $15 more than November 2023. It is a whopping $150 more than the average …

usatoday.com

Edmunds Releases New Vehicle Affordability Report

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Sep 12, 2024  · Nearly 48% of those surveyed by Edmunds were looking for cars under $35,000 and just under 15% were looking to spend under $20,000. Other concerns for buyers include …

theshopmag.com

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

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

Car Affordability Concerns Won’t Go Away Anytime Soon, Data Shows

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Sep 16, 2024  · Get a $45 Digital Costco Shop Card with a Gold Star Membership. October 29, 2024. Hugo Boss Is A Speculative Buy Before Q3 Results (BOSSY)

morningstrong.com

Automakers Face Affordability Challenge In 2025 - The Spokesman …

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Jan 7, 2025  · News; National business; Automakers face affordability challenge in 2025 Jan. 7, 2025 Updated Tue., Jan. 7, 2025 at 8 p.m. The Chevrolet Equinox EV that starts at $33,600 …

spokesman.com

Automakers Face Affordability Challenge In 2025 | Autos

1 week from now

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.

gmtoday.com

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

Driving Costs Race Ahead: Auto Insurance, Fuel, And Car ... - Empower

1 week from now

1 day ago  · 7 CarScoops, “New Car Buyers Taking on $1,000+ Monthly Payments At Alarming Rates,” October 2024. 8 Edmunds, “New Research from Edmunds: Affordability Concerns …

empower.com

More Consumers Are Buying Cars They Can't Afford - Autoblog

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Oct 8, 2024  · The share of new-vehicle shoppers taking on $1,000+ monthly payments remained at near-record levels in the third quarter of this year, with 17.4% of consumers taking out new …

autoblog.com

High Interest Rates, Fewer Used Cars Make Affordability The …

1 week from now

1 day ago  · Not even an increase in new cars under $30,000 could keep one factor from making affordability a major challenge as we head into 2025: the high cost of financing.

cars.com

The Legacy Car Market Is Collapsing, And High Tariffs Cannot Save It.

1 week from now

Jan 6, 2025  · The United States is a large, high-margin market—carmakers are making lots of money at over $50,000 per vehicle, and 28% of cars sold in the US are over $60,000. That’s …

substack.com

Lower-priced New Cars Are Gaining Popularity, And Not Just For Cash ...

1 week from now

Oct 22, 2024  · To buy a new car at that price, an average buyer would have to spend $737 a month, if financed at today’s average loan rate of 7.1%, for just under six years before the …

apnews.com