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 Beyond the Numbers: The Varied Impact of Inflation READ MORE Ron Paul Urges End to Fed, Don't Tax the Rich READ MORE High Inflation Drives Mortgage Rates Above 7% READ MORE Gold Prices Rise on Fed Rate Cut Speculation Ahead of Key Meeting READ MORE Gold's Bullish Momentum: Setting the Stage for 2024 Amid Economic Uncertainties READ MORE Add a Comment Cancel replyYour email address will not be published.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