Buying a new car in the U.S. has never been more expensive
CBSN
The cost of new wheels in the U.S. is getting more expensive seemingly by the month. The average price Americans paid for a new vehicle in July hit a record high of $48,182, according to automotive research company Kelley Blue Book.
And prices are likely to continue rising because demand for new vehicles is unusually high while inventories are low compared to previous years, experts told CBS MoneyWatch.
"I see nothing but increases for quite some time," said Ivan Drury, senior manager of insights at Edmunds. "And it's horrible because, unless you can wait it out, you're going to end up paying a premium."
An Arizona grand jury indicted 18 people Wednesday in the ongoing investigation into an alleged attempt to use alternate electors after the 2020 presidential election as part of a wider alleged conspiracy to falsely declare then-President Donald Trump the winner, the state's attorney general announced.
Almost four out of every 10 people in the United States live in a place where air pollution is considered bad enough to put their health at risk, the American Lung Association warned in its latest "State of the Air" report released on Wednesday. That proportion of people — about 39% of the population — had risen sharply since earlier rounds of pollutant data were analyzed for the annual report last year, and the trends were especially pronounced in certain parts of the country.