New Car Buyers Are Getting Trapped in This Scary Financial Situation

New cars are expensive. According to data from Kelley Blue Book and Cox Automotive, car prices are being kept steady, but the average new car in the U.S. still costs a whopping $48,799 in May 2025, a 2.1% increase from the same month in 2024. Despite this, it’s easy to get tempted by the idea of a ...

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