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Story perspectives

November Car Sales Dip Amid Rising Costs and Affordability Issues

12/2/2025

50 10 Full Breakdown

Summary

Story summary

Analysts say November 2025 sales fell 1% from October and 7.8% year over year because buyers shifted to used vehicles and longer loans.
The average cost of a new car rose to $50,000, due to tariffs and the end of the $7,500 EV tax credit.
Affluent buyers continue to purchase while lower-income consumers struggle, reflecting a K-shaped economy shaping spending.
The trends show affordability challenges in the U.S. auto market.

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Story summary

Analysts say November 2025 sales fell 1% from October and 7.8% year over year because buyers shifted to used vehicles and longer loans.
The average cost of a new car rose to $50,000, due to tariffs and the end of the $7,500 EV tax credit.
Affluent buyers continue to purchase while lower-income consumers struggle, reflecting a K-shaped economy shaping spending.
The trends show affordability challenges in the U.S. auto market.