By Staff Writer | November 22, 2019
The average transaction price for some popular vehicles is up nearly 50%, 60% or even 70%. Dariusz Sankowski from Pixabay
The rising cost of cars.
According to CBS News, Americans were paying about 38% more for a new car or truck over the summer than they were just 10 years ago. The average transaction price for some popular vehicles is up nearly 50%, 60% or even 70%. So how are drivers affording it? As they found, many are not.
The typical American can’t afford a new car or truck without taking on years of massive, record-breaking debt—in what’s supposed to be the best economy in a generation.
Something isn’t working. https://t.co/ZtYGmTvPkB
— Tony Dokoupil (@tonydokoupil) November 22, 2019