🚗Sticker Shock

Car costs are climbing

Sticker shock: Average price of a new car tops $50,000 for first time 🚗New car buyers paid an average of $50,080 last month, marking the first time that figure has crossed the $50,000 threshold, according to Cox Automotive's Kelley Blue Book. Why the milestone shows a widening economic divide > READ MORE More Your Money News 💰 Americans owe more than ever on their underwater car loans 💰Americans are drowning in car debt, and the water's rising fast. Last quarter, 28% of trade-ins toward new car purchases were underwater, meaning the vehicles were worth less than what was owed on them. Borrowers with upside-down car loans also owed more than ever. Read more: Is there a car loan bubble? > READ MORE Debt collection complaints are surging: Here's why 💸American households owe a record $18.4 trillion, and federal data shows complaints about aggressive debt collection have surged over the past year. What to know if a debt collector contacts you > READ MORE NOW TRENDING ON NEWSNATION Virginia Giuffre's co-writer says she knows 'Epstein list' names > NASA confirms Earth has 2 moons, kind of  > Sec. Duffy invites trucker who confronted wrong-way driver to DC  > AI-powered soldiers: Are humanoid robots the future of warfare?  > FDA expands list of imported cookware that may leach lead into food  > TOP HEALTH HEADLINES Parkinson's disease patient plays clarinet during surgery > What to know about HSAs during open enrollment season  > Advice to feed babies peanuts early and often helped thousands of kids avoid allergies  > Gua sha: The ancient East Asian healing technique explained  > CVS says 'system outage' resolved, but delays may still occur  > LET US HEAR FROM YOU! SHARE YOUR FEEDBACK. Feedback | Unsubscribe | About Us   Copyright © 2024 Nexstar Media Inc. | Privacy Policy | Terms of Use   To ensure you receive these emails in the future, please add info@nxsemail.newsnationnow.com to your address book, contacts or list of safe senders.