💰 Hot wheels & pricey payments

Are cars now considered luxury goods?

View online. More car buyers than ever are taking on $1,000+ payments New cars have effectively become luxury goods, and a record share of buyers are opting into $1,000-a-month car payments, according to new data. Car shoppers are increasingly relying on longer loan terms rather than larger down payments to manage affordability. Average price of a car tops $50,000 > READ MORE More Your Money News 💰 Here's who's buying new cars 🚗New cars did sell last year, but not because vehicles became more affordable for everyday buyers. Instead, growth was driven by higher-income consumers who continued to spend, a clear example of the so-called K-shaped economy at work. Will sales spike or slow this year? > READ MORE National gas price average to fall around $3 per gallon 💸Relief at the gas pump may be on the way as the national average gas price is expected to fall to its lowest since 2020. GasBuddy predicted the national average price for a gallon of gas is forecast to be $2.97, down from $3.10 in 2025. What the outlook means for you > READ MORE Keep reading: Get NewsNation in your inbox! ✉️ Make the most out of your special NewsNation access by exploring your favorite topics and subscribing to NewsNation reporting. Sign up here > Here's a breakdown of the newsletters we offer at NewsNation - Subscribe to more of our coverage here > Breaking news notifications as it happens, right to your inbox🚨 A breakdown of the day's biggest stories with Your Morning 🌞 Financial news impacting your wallet with Your Money 💸 The latest political reporting with Politics Wrap 🔺 All the Hollywood drama and entertainment news with The Scoop 📸 Stories of faith and inspiration from One Nation Under God 🙏 Missing investigations on cases from across the country 🔍 An early look at "On Balance with Leland Vittert" with War Notes 📺 Analysis of top stories with Frontlines with Robert Sherman 🌎 NOW TRENDING ON NEWSNATION >   >   >   >   > TOP HEALTH HEADLINES RFK Jr. wants to end 'war on saturated fats' with new dietary guidelines > What to know about the CDC's upended vaccine schedule under RFK Jr.  > Flu cases surge to 25-year high as fewer Americans get vaccinated  > Rep. Jim Jordan says he'll back ACA subsidies — with broader reforms  > Utah using AI system for patients 'groundbreaking': Co-founder  > 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.