Awesome Automobiles

Despite new auto sales being down but rebounding nicely, car prices are regularly setting price records. In August, the average new vehicle went for $35,420, up 6.1% Y-o-Y. The combination of limited inventory, cheap money, longer-term auto loans, inexpensive gas, and a desire to avoid public transit, is fueling demand. Regrettably, younger buyers are literally getting priced out of the now higher-margin, bigger, more luxurious vehicles coming off assembly lines.