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Chart of the Day: Record Car Prices

Crews Bank & Trust Wealth Management Services Aug 3, 2023
chart shows average US car prices from 2016 - 2023

Contents

Today’s Chart of the Day is from a CNBC article titled, “With just 8% of new vehicles costing under $30,000, ‘it’s the least affordable car market in modern history,' expert says.” It goes on to say, “With fully loaded SUVs and trucks in high demand, carmakers continue to upgrade their lineups and scale back on less-expensive cars.” However, when there is demand there will be supply, so expect to see more “budget" cars in the future.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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