Rising inflation has spared few consumer needs — including new vehicle costs requiring a bigger chunk of Americans’ budgets than ever.
KEY TAKEAWAYS
- Average monthly new car payments have surged 28% in the past three years.
- That increase, plus soaring prices for new models, haven’t kept sales from rising substantially this year.
- Falling dealer profits, labor strife and entrenched borrowing rates mean consumers won’t soon get a budget break on new cars.
In a country where…
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