Sticker Shock: Buying a Car in the US is More Expensive Than Ever Despite improved production, car prices in the US remain sky-high due to lingering pandemic effects and soaring interest rates. The average new car price hit $48,759 in December 2023, driven by pent-up demand and high loan rates, with used car prices also elevated. While supply chain issues have eased, manufacturers have been slow to replenish inventories, keeping prices inflated. Relief may come as the Fed plans to cut interest rates in 2024, potentially easing the financial burden on car buyers. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Charted: Workers Win As Wage Growth Outpaces Inflation READ MORE Rethinking Economic Forecasting: Central Banks Address Inflation Prediction Failures READ MORE Gold Forecasts Range from 25% to 50% Upside Over the Next Few Years READ MORE ZeroHedge: Futures Flat As "Crazy Week" Begins READ MORE Morgan Stanley Forecasts Gold Prices Surpassing $2,600 by Year-End READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment