A survey reveals that 22% of Americans plan to buy a new car in 2024, following years of high prices. However, the most prominent goal for respondents is saving for emergencies, followed by growing overall wealth and increasing retirement savings.
Americans are itching to buy new cars this year after a particularly difficult few years of record- high prices . About 22% of respondents to an Edelman Financial Engines survey said they were aiming to buy a new car in 2024.This was just one goal survey respondents talked about most. The most prominent goal respondents wanted to achieve was saving for emergencies. More than half of those surveyed wanted to build or grow their emergency funds over the next year.
com was just over $49,000 in January, which is down from August 2023’s high of $50,253. Cars.com has seen a 137% increase in dealers’ EV inventory since last year. Their EV listings stay on the lot for 87 days on average, making it possible for buyers to score good deals.Make certain you’re not overpaying for car insurance. With Credible, you can compare rates and lenders with the click of a button.
Americans New Cars Survey High Prices Saving Emergencies Wealth Retirement Savings Financial Professional Insurance Quotes
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Americans Eager to Buy New Cars in 2024, Survey FindsA survey reveals that 22% of Americans plan to purchase new cars this year. Saving for emergencies is the top goal, followed by growing wealth and increasing retirement savings. Many Americans believe they need financial assistance to achieve their goals. Comparing insurance quotes can lead to significant savings. New car inventory has increased by 36% compared to the previous year.
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