Higher car prices are forcing Americans to hold onto their vehicles longer than they want to, according to a new survey, The price of new and used cars remains high, with many car owners planning to delay selling their vehicles, along with rising borrowing rates and high inflation cutting into many Americans’ expenses. The average…
Automakers and COVID Keeping Car Prices Unaffordable
Commentary Average new car prices have hit record-highs. U.S. auto prices have been increasing for years since pre-COVID. But heading into this year, there was hope that with higher inventories on the horizon and computer chip supply-chain issues behind us, prices would ease. If only that were the case. For consumers already struggling with high…
The Average Car Payment Is as Much as a Mortgage—How to Afford Your Next Vehicle
By Evan Moore From Charlotteobserver.com Most Americans depend on cars to get around, but recent data shows purchasing a new vehicle may now be out of reach for average earners. The average price of a new car sold in May was $47,148, a $472 increase from the previous month, according to Kelley Blue Book. This coincided…
Facebook Market Cap Falls 26% in 24 Hours; Record High Car Prices Continue in 2022 | NTD Business
Shares of Facebook’s parent company, Meta, are still falling as we hear the closing bell. They’re down over 26 percent in just 24 hours. Experts say car prices will remain high this year. What’s driving up the cost and when can you catch a break? A new bill to counter China is moving forward in…
NTD Business Full Broadcast (July 9)
President Biden signs an executive order to promote competition. What’s in it and will it really help to promote competition? Car prices are driving up the inflation rate. Why are cars so expensive now and why does demand remain high? China’s central bank cut’s reserve requirements to spur the economy. What does that tell us…
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