Nov 21, 2024 - Business
Charted: Going out of style
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Passenger-car market share hit an all-time low of 19% through the first 10 months of 2024, according to data released today by car research site Edmunds.
The big picture: America's SUV obsession is showing no signs of slowing down.
Zoom in: The good news for shoppers is that the average price of a new SUV has flattened out.
- Buyers paid $46,211 on average for a new SUV through October, according to Edmunds.
- That's about flat from 2022's $46,030, though it's still up nearly $10,000 over the last eight years.
