Your Money Minute New Car Prices Soar 12/11/25
Dec 11, 2025
Phil LeBeau, an automotive industry reporter for CNBC, dives into the soaring new car prices and what it means for buyers. He shares that experts predict no immediate relief in prices, leaving many to ponder their options. Jessica Ettinger offers practical advice on how to prepare, suggesting saving monthly and even considering cash payments to steer clear of interest costs. This insightful discussion sheds light on the current market dynamics and helps listeners navigate their purchasing decisions.
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New Car Prices Keep Rising
- New car prices and monthly payments have risen sharply, with loans topping $750 a month.
- Phil LeBeau says prices show no indication they will stop rising or reverse soon.
Structural Costs Drive Price Gains
- Rising costs come from raw materials, tariffs, and new labor contracts, which push vehicle prices up.
- These structural cost drivers suggest price normalization is unlikely in the near term.
Save And Pay Cash If You Can
- If you can wait to buy a new car, save money each month instead of rushing into financing.
- Jessica Ettinger and experts recommend paying cash for the best deal to avoid loan or lease interest.