This December, Americans are coming together with their loved ones to celebrate what really matters: Toyotathon. During the holidays, when car companies offer sales to clear out their leftover inventory, "well-qualified buyers" can find some of the year's best deals. You can have yourself a Happy Honda Days, make the most of the Chevy Red Tag Savings Event, or splurge during Lexus December to Remember.
This spike in car prices is nothing new, unfortunately. They've been on the rise for years but significantly increased during and after the pandemic. But for the past two years or so, EVs represented a bright spot in the affordability landscape. Aggressive lease deals, the $7,500 tax credit and other incentives often made going electric the cheapest and best way to get a decent new car.