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Average price of a new car tops $66,000 as drivers wrestle with a very surprising reality

As car prices hit record highs, the number of cars less than $20,000 dwindles

Several factors combine to keep prices high, including high demand, a decline in supply, fewer lease returns and the lingering pandemic-related manufacturing challenges

The average price of a new vehicle shot up by 21% in a year — here s how to negotiate punishing car loans and get your ride for less | Money Matters

If you’re navigating the expensive auto market and looking to purchase, experts say are a few things consumers should keep in mind to avoid costly mistakes.

Canada s average new car prices top $66K

At the height of the pandemic, many car dealerships had empty lots and customers waiting for orders as factories had to shut down due to supply chain issues and a shortage of microchips. Now, due to low inventory levels and a surge in demand, new and used car prices continue to rise.

Electric vehicle charge capacity nowhere near what was advertised, owners say

An Ontario couple says they ve been hit with unexpected costs after their new electric vehicle s ability to sustain a charge is nowhere near what was advertised.

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