Car Sales

The average transaction price for a new car in July was $48,334, a slight dip from June and only a 0.4% year-over-year increase, according to Kelley Blue Book.

As material shortages persist, consumers struggle to buy new and used cars. We're taking a look at what financial and material obstacles are coming up for consumers, and how their plans for buying a car may need to adjust.

As material shortages persist, consumers struggle to buy new and used cars. We're taking a look at what financial and material obstacles are coming up for consumers, and how their plans for buying a car may need to adjust.

If you’re looking to buy a new or used car right now, expect higher prices. If you go to a dealership, don't expect to see lots that are full of cars with different style and color options. You also may have to be prepared to wait some time for your car to even arrive, as many buyers are doing currently.