Supply constraints and increased demand drove the average price of a new car to $41,044 in July, an all-time high, according to J.D. Power’s latest U.S. Automotive Forecast.
“We can’t get to $41,000 without both a supply chain issue that we’re seeing from microchips, as well as increased consumer demand that is not being met with the supply available,” J.D. Power Vice President of Data & Analytics Tyson Jominy told Yahoo Finance.
The previous high, set in June, was $39,942.
“Too few vehicles…
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