New Research from Edmunds: Affordability Concerns …

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 …

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Growing New Car Affordability Crisis: Consumers Want More, But …

1 week from now

Nov 5, 2024  · The price gap between new and used cars has reached an unprecedented level, with a $20,000 difference in average transaction prices, the largest on record, according to …

yahoo.com

Edmunds Report Finds Car Shoppers’ Perceptions Lead To Sticker Shock

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Sep 13, 2024  · Among new-car shoppers, 48% said they’d like to spend $35,000 or less on their next vehicle and 14% said they’d like to spend $20,000 or less, but Edmunds’ data showed the …

autoremarketing.com

Sticker Shock Jolts Consumers

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Sep 23, 2024  · Edmunds’ data indicates the average transaction price for a new vehicle was $47,716 in July. And there were nearly zero new-vehicle transactions under $20,000. Loan …

wardsauto.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

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

Insurance Rate Reporter

1 week from now

Edmunds found that this misconception about pricing persists in both new and used vehicle markets. Nearly half of surveyed new-car shoppers aim to spend $35,000 on a new car, …

insuranceratereporter.com

Automakers Face Affordability Challenge In 2025

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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

Affordability Shift: Lower-priced New Cars Gaining Popularity

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Oct 31, 2024  · The trend is being led by people who feel they can no longer afford a new vehicle that would cost them an average of more than $47,000. ... according to Edmunds.com, an …

detroitnews.com

EV Survey: Consumer Expectations Clash With Market Realities

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Mar 26, 2024  · Sales of EVs rose in 2023 to 6.9% new vehicle market share, up from 5.2% in 2022. But Edmunds analysts have predicted that the rate of growth will slow through 2024, …

edmunds.com

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

1 week from now

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

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