Report Reveals Disconnect Between Buyers and Car Prices

As car prices continue to soar, U.S. citizens are facing a harsh reality—what they want to spend on a vehicle doesn’t align with what’s on dealership lots. A report from Edmunds reveals a striking contrast between budget expectations and the current market.

According to Edmunds, 73% of buyers have delayed purchasing a vehicle due to these inflated prices. Everyday Americans who want to purchase a new care hope to spend $35k or less, but with the average cost of new cars far exceeding that, many are left holding out for a better deal or opting to not purchase a vehicle altogether and relying on cab fares or public transportation.

Some optimistically aim to spend as little as $20,000—an increasingly unrealistic figure in today’s overheated market. The result? More Americans are stuck in limbo, waiting for prices that may never come down.