Average New Car Prices Are Soaring, But These 2 Segments Became Bargains

It’s no secret that the price of nearly everything these days is going up rapidly. From groceries to gas to consumer goods, a perfect storm of factors is pushing prices up before our eyes. Cars are no exception: the new car market has seen prices rise fast in recent years, hitting a record high of $51,974 just a few weeks ago. As a result, many buyers are opting to hold onto their existing vehicles a little longer, or alternatively turning to the used market for cheaper options.