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Chart of the Day: Record Car Prices

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer Aug 3, 2023
chart shows average US car prices from 2016 - 2023

Contents

Today’s Chart of the Day is from a CNBC article titled, “With just 8% of new vehicles costing under $30,000, ‘it’s the least affordable car market in modern history,' expert says.” It goes on to say, “With fully loaded SUVs and trucks in high demand, carmakers continue to upgrade their lineups and scale back on less-expensive cars.” However, when there is demand there will be supply, so expect to see more “budget" cars in the future.
Chart of the Day

About the Author

Samuel A. Kiburz, Senior Vice President, Chief Investment Officer
Samuel A. Kiburz, Senior Vice President, Chief Investment Officer

Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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