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 Inflation Fears Spark Rally in Gold and Oil, Casting Doubt on Fed's Strategy READ MORE Study Finds Trump's Debt Contribution Twice That of Biden READ MORE Record-Breaking Gold Rally Continues for Eighth Day on Safe-Haven Demand READ MORE Citi's Bullish Forecast for $3,000 Gold in 2025 READ MORE Silver Achieves Major Milestone, Outpacing Gold's Gains READ MORE Add a Comment Cancel replyYour email address will not be published.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