Average Price Of New Car Has Risen Over $10,000 In 5 Years - NewsBreak

It's not a secret that prices in the new and used car markets are going up, and there are a number of factors that contribute to this trend. We won't go into deep details, though we need to at least mention the ongoing coronavirus pandemic, chip shortage, production disruptions, and financial inflation. All these negative circumstances lead to very high prices, and a new report indicates we may have reached new record levels.