Automakers are charging through the nose for the most American of all vehicles, driving U.S. average monthly auto payments up with them
paying a lot for trucks. More than 20 percent of shoppers in Colorado, Kansas, Louisiana, Montana, Nebraska, North Dakota, and Utah were also committing to paying more than $1,000 per month for their trucks.
Despite being the third-largest vehicle segment in the U.S., trucks likely had the largest impact on average monthly payments, experts told. Their combination of high volumes and high prices mean that trucks are affecting market wide trends. Ironically, it may be because truck prices are coming down a bit that they are allowed to have such an impact on the market. During the pandemic, tight supply lines and high-prices affected pickup sales. Now that things are normalizing, buyers are pouring back into the segment.
In addition, relatively low gas prices and high interest rates may also be having an impact. Buyers are paying significantly more per month than lessees, studies have found, and the
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