47 New cars are finally back in stock — but Americans might not be able to afford them...The average monthly payment on a new vehicle stayed above $700 during the third quarter. Of those buyers, more than 14% committed to a monthly payment of $1,000 or more... (www.cnbc.com) posted 2 years ago by Taffy333 2 years ago by Taffy333 +47 / -0 New cars are finally back in stock — but Americans might not be able to afford them The Federal Reserve aggressively increasing interest rates could slow a sales rebound for the U.S. automotive industry. 28 comments share 28 comments share save hide report block hide replies
I guess people are going to have to look after the car they have rather than buy a new one.
I've always seen a new car as discretionary spending.
My 1999 Chevy 4WD pickup is in great shape and only has about 60,000 miles on it. I plan to hang on to it as long as I can keep it running.
My '05 diesel station wagon has about 225K miles on it. I just had the injectors out and apart to clean them. I don't know exactly how far the car has gone because someone clocked it and took off around 100K about 13 years ago.
I just keep fixing it because I'm very stubborn.
I do like pickups. I had one when I was young. It was very similar to an early 80s Ford Courier.