87 Million Americans Will Shop for a New Car on Labor Day Weekend Despite Increased Pricing | MotorBiscuit

Labor Day weekend is one of the best times of the year to buy a new car, and this year is no different. Despite the ongoing spread of the COVID-19 virus and the increase in car pricing this year, Americans are still planning to shop for a car this weekend. A recent study conducted by WalletHub shows that there are a few factors that are keeping the interest at a steady level.

Many Americans are feeling financially secure this Labor Day Weekend

Consumer Reports: Is Age or Mileage More Important on a Used Car? | Valery SharifulinTASS via Getty Images

Although the pandemic took its toll on the economy last year, it looks like it’s making a steady comeback this year. According to Acorns, “Americans are feeling better than they were a year ago,” citing a financial study put together by Northwestern Mutual. The results showed that “when respondents rated their financial security from 1 to 10, the average response was a 6.5 – up from 6.1 a year before.”

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