Stubborn inflation coupled with supply chain issues have made the auto market feel impossible for consumers.
Whether new or used, buying a car is tough these days. If you do find one, chances are the cost is sky-high.
A new report shows consumers paid an average of $44,559 for a new, non-luxury car in August. And the average used car went for just under $32,000 in July.Now, many are holding on to the cars they already have for longer. But it's not just a problem for your average car buyer. Even police departments are having a hard time.
The department was then given the chance to buy 2023 models instead. But that came at an extra cost of $7,500 per vehicle, which the city government ended up covering.
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