new cars

Between COVID shortages, expired EV tax incentives, and tariff anxiety, vehicle sales have been volatile in the last few years and down in the last few months. But things could be picking up.

Almost 1 in 5 new car buyers in the fourth quarter took on a $1,000 or more monthly payment, according to the car shopping site Edmunds.

Several carmakers reported soft sales in the third quarter, and average loan rates for new cars exceeded 7%.

Tesla announced its auto revenues are down, and GM is delaying a new electric truck manufacturing plant.

Dealers are still playing catch-up after the chip shortage and suppliers are building parts for new cars rather than those on the road.

$20,000 used to be the starting point for a new car. Now there’s only one remaining model on the market that sells for around that figure … the Mitsubishi Mirage.

Lenders are worried about increasing defaults.

New vehicle inventory is up an estimated 62% from last year as some supply roadblocks clear. But higher prices may stick.

The global chip shortage. Supply chain headaches. Empty dealer lots and sky-high prices. New car shopping isn’t for the faint of heart.