The cost of a new car in the United States has been on the rise in recent years. In 2023, the average price of a new car is expected to be around $48,000, according to Kelley Blue Book. This is a significant increase from just a few years ago, when the average price of a new car was around $35,000. There are a number of factors that have contributed to this increase, including the rising cost of materials, the increasing popularity of luxury vehicles, and the growing demand for SUVs and trucks.
The increase in the average car price has had a number of consequences. For one, it has made it more difficult for people to afford to buy a new car. In addition, it has led to an increase in the number of people who are leasing cars or buying used cars. The rising cost of cars has also had a ripple effect on the economy, as it has led to increased inflation and a decrease in consumer spending.
