The average transaction price paid for a new car is expected to hit an all-time high of $46,259, according to J.D. Power, with monthly finance payments also at record levels.
Car buyers are celebrating the first anniversary of the new-car shortage by paying the highest prices ever.
Monthly finance payments are also set to hit an all-time record of $716, up 12.2%, at an average of 5.51% interest.strength of used-vehicle prices
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