Your next new car could cost more than $50,000 ...Middle East

By Chris Isidore, CNN New York (CNN) — It’s called sticker shock. And if you haven’t been to a dealer’s showroom since before the pandemic, you might want to prepare yourself. Americans paid a whopping $47,612 on average for a new car in October, according to data from Edmunds. That’s a jump of almost $10,000 from October 2019, ahead of the pandemic. That means new car prices have risen much faster than most goods and services. The price jump has multiple origin stories: The pandemic snarled supply chains and limited essential car parts. Buyers increasingly prefer larger cars with more features, continuing the decades-long shift to bigger, more expensive SUVs and trucks. But much o

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Your next new car could cost more than $50,000 ...Middle East

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