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Car Prices

All articles tagged with #car prices

Used Car Prices Hit New Highs as Market Shifts Lock In Expensive Inventory
business7 days ago

Used Car Prices Hit New Highs as Market Shifts Lock In Expensive Inventory

Edmunds data show the average price of a 3-year-old used car in Q2 hit a record $32,461, driven by a persistent post-pandemic shortage, trim inflation, and a skew toward higher-trim models. As affordable options age and carry more miles across price bands, buyers face a tougher market even as new cars stay expensive. Cross-border trade rules and tariff talks under USMCA complicate supply, potentially pushing automakers toward automation and reshaping where cars are built.

via The Autopian|
#auto-industry-policy#business#car-prices
Affordability Crisis Shrinks U.S. Car Sales as Monthly Payments Climb
business5 months ago

Affordability Crisis Shrinks U.S. Car Sales as Monthly Payments Climb

Rising new-car prices, higher financing costs, and longer loan terms are squeezing buyers and tempering demand, with 2026 U.S. new-car sales expected around 16 million (down from 16.3 million in 2025). Tariffs and higher destination charges have raised costs for automakers, production shifts and pricey new tech add to sticker prices and insurance costs. The average monthly payment is about $774 for late-2025 loans, and more consumers face affordability hurdles even as affluent buyers keep some momentum in the market.

via The New York Times|
#affordability#auto-loans#business
Trump Advocates for Tiny Cars in the U.S.: Will They Catch On?
business8 months ago

Trump Advocates for Tiny Cars in the U.S.: Will They Catch On?

President Trump suggested manufacturing small cars in the US to lower prices, but experts say low demand, consumer preferences for larger vehicles, and safety standards make this unlikely. Americans prefer SUVs and trucks, leading to a decline in small car sales, and automakers are unlikely to invest in reengineering kei cars for US standards without significant demand.

via CNN|
#business#car-prices#demand-for-small-cars
US New Car Prices Surpass $50,000 Amid Rising Auto Loan Delinquencies
business10 months ago

US New Car Prices Surpass $50,000 Amid Rising Auto Loan Delinquencies

The average new car price in the US surpassed $50,000 for the first time, driven by luxury models and electric vehicles (EVs), which now account for over 11% of sales. EV prices remain stable despite high incentives, with Tesla leading the market. The trend reflects ongoing inflation and shifting consumer preferences towards higher-end and electric vehicles, amid a market that is experiencing significant growth and disruption.

via Electrek|
#auto-industry#business#car-prices
Tesla Introduces More Affordable Model 3 and Y to Compete in Tough Market
business10 months ago

Tesla Introduces More Affordable Model 3 and Y to Compete in Tough Market

Tesla introduced cheaper versions of its Model Y and Model 3 to boost sales amid a challenging year, but the stock reacted negatively, indicating investor skepticism about the models' impact. The new Model Y starts just under $40,000 with reduced features, and the Model 3 is available for under $37,000, though both are still above the initially promised $25,000 price point. The models face stiff competition and are affected by recent changes in EV tax credits.

via AP News|
#business#car-prices#electric-vehicles
End of $7,500 EV Tax Credit Sparks Rush to Buy Electric Vehicles
business11 months ago

End of $7,500 EV Tax Credit Sparks Rush to Buy Electric Vehicles

The expiration of the $7,500 federal EV tax credit on October 1 is expected to lead to a decline in EV sales and potentially higher prices, although automakers may respond with discounts and incentives to maintain demand. The end of the credit could also result in reduced production and availability of EVs, but many consumers remain committed to purchasing EVs due to factors like performance and environmental concerns. The impact will vary across different vehicle models, especially luxury and larger vehicles that are not eligible for the credit.

via CNN|
#automakers#business#car-prices
Automakers Pass Tariff Costs to Consumers Amid Supply Chain Struggles
business11 months ago

Automakers Pass Tariff Costs to Consumers Amid Supply Chain Struggles

Automakers are finding subtle ways to pass the increased costs of tariffs onto consumers, such as raising vehicle prices gradually and increasing destination charges, with Volkswagen leading the way in quick price hikes. Despite tariffs, automakers are hesitant to raise prices openly due to economic concerns and political pressures, but industry practices like inflating destination fees are becoming more common. Meanwhile, the NHTSA has a new leader, signaling potential changes in vehicle safety oversight.

via The Autopian|
#automakers#business#car-prices