Cost Of Cars Skyrocketing

Cost Of Cars Skyrocketing

Ballooning auto payments are making vehicles increasingly unaffordable. For the first time ever, the average price for a new vehicle topped $48,000 in June. That’s nearly a 13 percent increase from last year, according to industry reports. Now, more drivers than ever are spending at least $1,000 on their monthly car payments, which will go up even more if the Fed raises interest rates again.

» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews

NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.

Connect with NBC News Online!
NBC News App: https://smart.link/5d0cd9df61b80
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC

#Cars #Auto #NightlyNews

You May Also Like

Leave a Reply

Your email address will not be published.