Low inventory and high demand is good news for auto dealerships. If you plan to buy a car, keep reading to learn how you can save money at the dealership.
If you’re thinking about buying a new or used car, expect to dip further into your bank account for the foreseeable future. According to J.D. Power, the average new car price was up 8.4% (to $37,200) from a year ago, while used cars saw a 7% uptick.
So what’s fueling the price hike? Increased demand and limited car inventory caused mainly by a semiconductor shortage.
Keep reading to learn more and to see how you can keep costs reasonable in today’s high-price market.
Start your journey to financial success with a bang
Get free access to the select products we use to help us conquer our money goals. These fully-vetted picks could be the solution to help increase your credit