Rising Monthly New Car Payments and the Purchasing Power Crisis in the Auto Market
GM General Motors Company
$86.00 -0.29%
View chart & analysis → - 1Cox Automotive reported that the average monthly payment for a new car reached approximately $776 in September.
- 2The average transaction price for a new car in September was $50,562.
- 3Analysts say the U.S. new car market is facing a purchasing power crisis.
So what's the key point?
The average amount paid monthly for a new car rose to $776 in September. Experts believe it is becoming difficult for people to buy cars.
Source The Motley Fool +1 · View original ↗
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