Americans Are Tired of Expensive Car Prices: TDS

Americans Are Tired of Expensive Car Prices: TDS

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      Good morning and welcome to The Downshift, or TDS for short.

      TDS is concise, engaging, and straightforward, compiling the latest automotive news from around the world into one convenient location. Each story is summarized into a single, occasionally lengthy, sentence with a link for those wanting more details.

      A special shoutout to Senior Editor Adam Ismail for taking over TDS last week while I enjoyed some quality time with my family. I hope your Thanksgiving holiday was meaningful and fulfilling.

      I’m back, refreshed, and energized for the upcoming holiday season and New Year. Let’s dive into the news.

      😡 With the average price of a new vehicle around $50,000, American consumers have moved beyond the initial shock and are opting to hold on to their current vehicles longer, downsize, or purchase used cars instead of new ones.

      🏠 The Kia EV6 and Hyundai Ioniq 9 will soon join the Kia EV9 with the capability of powering homes through V2H (vehicle-to-home) functionality.

      ✨ The 2026 Mercedes-Benz CLA 250+ EV promises up to 374 miles of EPA-rated range at a price of $47,250 as it reaches dealerships.

      ⌨️ Audi will reintroduce certain buttons and physical controls in its vehicles in response to customer feedback.

      🏕️ The Kia EV5 WKNDR concept was unveiled at the Guangzhou auto show in China, showcasing a rugged-looking EV well-suited for the American market alongside the upcoming Rivian R2.

      🦉 The Aspark Owl, the fastest EV in the world, was unveiled in a roadster version without a roof.

      ‼️ Over 20,000 Ford Escape and Lincoln Corsair plug-in hybrids have been recalled due to a fire hazard stemming from an issue with the vehicles’ high-voltage batteries that could cause an internal short.

      ⛽️ Vinfast is reportedly contemplating the addition of gas-powered range extenders to its EV lineup.

      ‼️ BYD has recalled 88,981 plug-in hybrids over a battery-related safety issue.

      🏁 Weekend Race Results:

      Formula 1 – Max Verstappen secured victory for Red Bull Racing at the 2025 Qatar Grand Prix.

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Americans Are Tired of Expensive Car Prices: TDS

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Americans Are Tired of Expensive Car Prices: TDS

From keeping cars for longer periods to opting for smaller vehicles or purchasing used ones, Americans are moving away from spending an average of $50,000 on a new car.