![Buying a new car in the U.S. has never been more expensive](https://assets2.cbsnewsstatic.com/hub/i/r/2022/06/09/2833a953-f1fa-434f-89bb-772008f7cead/thumbnail/1200x630/a024e37540302e2fa4485155bcde3247/gettyimages-590778113.jpg)
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 August hit a record high of $48,301, according to automotive research company Kelley Blue Book.
August marks the fifth-straight month that car prices have climbed to record highs, Kelley Blue Book said. 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."
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Nothing says a warm day quite like the beach, but beyond the shore lies a number of dangers, from rip currents and strong waves to shark attacks and bobbing jellyfish. Onshore, however, you will likely find a flag warning you of potential dangers, and whether it's purple, yellow, red or blue can tell you which hazard could be lurking in the waters.
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A woman died while hiking in western Colorado on Monday as a heat dome blanketed pockets of the American West and drove up temperatures in a number of states. Marsha Cook, from Cedar Rapids, Iowa, was pronounced dead after collapsing around the two-mile mark of a hiking trail at Colorado National Monument, officials said Wednesday. She was 54.