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Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349

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Have you looked at new car prices?

Like some of you, I love to check out car models and drive salesmen crazy with the classic “just looking” line.  I look at the sticker and check out all the options.  It’s an old habit and a wonderful way to kill time when my wife is at the mall.  It beats drinking another cup of coffee at the mall café.

Last week, I made another trip to the local dealership. Everything looked normal except for the prices.  Check this out:

With interest rates rising, it’s also becoming harder to spread the pain of higher pricing with long-term financing.

The average monthly payment on a new car loan was almost $700 in June, up 13% from a year ago, researcher J.D. Power reports.

A $700 monthly payment?  I remember when that was a good down payment.  Naturally, sales are down, with more people heading to the used car area, or “pre-owned,” as they call it now.  Read on:

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3 thoughts on “Have you looked at new car prices?”

  1. Elections have consequences. Thank you Joke Obiden for our current economic state. It looks like it is only going to get worse.

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