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Kelley Blue Book says that the average American would need to work 37.4 weeks to pay off the average new car sale price. That's better affordability than America has seen since August 2021.
The average price of a new car rose above $41,000 ... (Photo by Joel Lerner/Xinhua via Getty) (Xinhua News Agency via Getty Images) J.D. Power predicts total new vehicle sales in 2021 will reach ...
If you're in the market for a new set of wheels, hopefully you've been saving your pennies. Using Kelley Blue Book (KBB) data, GOBankingRates found that the average buyer paid $48,284 for a new car...
The yearly depreciation of a car is the amount its value decreases every year. Normally a car's value is correlated with the price it has on the market, but on average a car has a depreciation around 15–20% per year. [12] [13] Depending on market conditions, cars may depreciate 10–30% the first year. [14]
Prices inflation adjusted to 2008 dollars. In 2002, a committee of the National Academy of Sciences wrote a report on the effects of the CAFE standard. [2] The report's conclusions include a finding that in the absence of CAFE, and with no other fuel economy regulation substituted, motor vehicle fuel consumption would have been approximately 14 percent higher than it actually was in 2002.
Ford, Chevrolet, Toyota, Honda and Nissan were the top five used car brands purchased in March 2024, accounting for 49% of all used cars sold at an average price of $23,089. This was 9% below the ...