Rising incomes and falling prices made EVs more affordable than they had been in months in September, but new cars are still too expensive for the average buyer
Over the last three years, articles about vehicle prices have sounded like a broken record: everything keeps getting more expensive. However, today we're singing an altered, if not entirely new, tune. Although most vehicles remain expensive, used and electric ones are becoming more budget-friendly. Thanks to median household incomes that rose by 3.7 percent over the last year, and used vehicles prices that fell by 5.
New vehicles in general keep becoming less and less affordable. Credit: iSeeCars “With the average new car price rising from $46,551 to $49,499, plus the big interest rate hikes we’ve seen over the past year, new cars are less affordable for consumers today compared to last year,” said Karl Brauer, iSeeCars' executive analyst.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
College football winners and losers: Oklahoma’s good is good enoughOklahoma rallied in the second half to hold off a gritty Central Florida team and keep its undefeated record intact.
Read more »
Three reasons drivers aren't rushing to trade in their gas guzzlers for EVsEden Villalovas is a breaking news reporter. Eden graduated from the University of Colorado, Boulder, in May 2022, where she served as the managing editor of the Bold.
Read more »
Simplicity Versus Audacious: BYD & Tesla Take Slightly Different PathsClean Tech News & Views: EVs, Solar Energy, Batteries
Read more »
Is An Australian EV Road User Tax Inevitable?Clean Tech News & Views: EVs, Solar Energy, Batteries
Read more »
The Ultra-Affordable EVs That Won’t Be Coming to the U.S. Anytime SoonBattery charging. Giant touchscreens. Semi-autonomous driving. EVs have become computers on wheels. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one. Photo illustration: Annie Zhao/The Wall Street Journal
Read more »
Jose Altuve’s post-skirmish ALCS blast the latest reminder Astros aren’t accidental champsForty-four innings into the series, we finally saw hatred, fireworks and ejections.
Read more »