✉news BusinessPersonal Finance first seen 16 h ago, last 5 h ago, peak #18
New car payments hit $787 as buyers get priced out
Original: New car payments reach $787 as buyers get priced out further
Average monthly payments on new cars have climbed to $787, underlining how far buyers are being squeezed out of the market. The figure reflects higher vehicle prices and borrowing costs, making affordability a growing concern for households and prompting fresh debate about the state of the US car market.
Why now: Rising car loan costs are squeezing household budgets at a time when affordability is a top consumer concern
Evidence
- New car payments reach $787 as buyers get priced out further · Yahoo Finance UK
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