US New Car Prices Hit Record $50,000 Amid Affordability Crisis

US New Car Prices Hit Record $50,000 Amid Affordability Crisis

Kelley Blue Book reports average loan amounts have climbed to $41,000, deepening concerns over consumer access to new vehicles.

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Terms & Concepts
  • Kelley Blue Book: A vehicle valuation and automotive research organization in the United States that provides pricing information on new and used cars.