Consumer Reports analyzed data from 2003 to 2021 and found while cars have become more fuel efficient and safe, the prices have stayed stable.
Cars, trucks, and SUVs have become more fuel-efficient over the past decade, but at what cost? Are consumers footing the bill for greener rides? A new analysis byAs cars have become more complex, with regulations demanding better fuel efficiency and safety, it’s easy to assume that the price of a new car — which can feel sky-high — must be higher, too. Sodug into the data, looking at the prices of hundreds of cars it bought over nearly 20 years.
And significant gains were also made in safety, with improved crash protection and technology to help avoid a collision. Electronic stability control and backup cameras are now standard on new vehicles. And many manufacturers are now including automatic emergency braking and blind spot warning. But even if the prices of individual vehicles are staying the same, data show people are paying more for new cars. Why? Consumers are buying more expensive vehicles.Consumer Reports
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