Affordable Vehicles Increasingly Scarce for Americans Amid Rising Car Prices

Affordable vehicles are becoming harder to find for Americans

Car prices have jumped in the new and used markets, according to CarGurus data. Michael Yanow/NurPhoto via Getty Images Car prices — both for new and used vehicles — are rising again, according to data from CarGurus. The average price for a new car jumped past $50,000 in April. Gas prices are also changing some car-buying habits, including a spike in interest for hybrids. Looking to buy a cheap car? Good luck. Affordable vehicles — new or used — are becoming harder to find in American deale...