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New Car Prices Hit Record High | Boston Celtics News

New Car Prices Hit Record High | Boston Celtics News

Published 2 weeks, 4 days ago
Description

Car prices in the U.S. hit a record high this quarter, averaging over $48,000—driven by supply chain snarls, soaring material costs, and rising labor expenses. With new cars out of reach for many, used car markets are booming as folks cling to older vehicles, forcing tough choices on transportation. Experts say these sky-high prices could linger, as demand stays strong and global market forces keep squeezing budgets—making everyday commutes and errands feel even more expensive.

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