Over $6,000 increase in Average New Car in ONE Year
The average price for a new car in December 2021 was $47,077.
The average price of a new car in 2019 rose by $1,799 compared to 2018.
In 2020 the prices rose by $3,301, and in 2021 rose another $6,220.
The new car prices skyrocketed due to the shortened supply of vehicles from the pandemic manufacturing shutdowns and semiconductor shortages.
If you are considering purchasing a new vehicle or perhaps wondering if you should keep your current vehicle, take the time to run some numbers and see what would work best for you. Maybe it is time to have your current vehicle evaluated to help know if it's worth the expense.
You can read the full article on MSN.