Why are cars so expensive now? A look at the reasons behind the skyrocketing prices and ballooning auto loans.
BUSINESS
July 27, 20224 min read862 words
Published: July 27, 2022  |  4 min read862 words
Americans are paying more for their gas —but they’re paying thousands more for new cars than even a couple of years ago, according to a Grid analysis of automotive finance data and market experts. And that’s driving household debt up. The jump — an average $13,000 more in the ove...
Why are cars so expensive now? A look at the reasons behind the skyrocketing prices and ballooning auto loans. Read more

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Great Context
Jul 31
Content is concise and free of bias. The article explains the cause of rising car prices for new and used vehicles. I have always bought cars with cash so it was news to me to learn about increased interest rates driving up car prices. Very informative article for this reader that recently rebuilt a car and suffered sticker shock for parts.
Jul 31
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