Economy Apr 11 New vehicles now sell for an average of nearly $50,000 By Alexa St. John, Associated Press
Economy May 04 Watch 5:02 How tariffs on imported auto parts may affect car prices and repair costs Trump has seemed to shrug off worries that his trade tariffs will raise prices on everyday items for Americans. Prices on new and used cars are likely to go up due to the 25 percent levies on imported auto parts,… By John Yang, Andrew Corkery, Gerard Edic
Economy May 23 Average U.S. vehicle age hits record 12.6 years as high prices force people to keep them longer A study published Wednesday says U.S. vehicles hit a record average age of 12.6 years in 2024 as people hang on to their rides largely because new ones cost so much. By Tom Krisher, Associated Press
Economy Feb 28 Lower car prices offer relief to Americans after years of inflation With computer chips now abundant, auto production is rising steadily, especially since the United Auto Workers returned to work after strikes last fall. By Tom Krisher, Associated Press
Economy Sep 16 Will the auto workers strike drive up car prices? Analysts say not right away, unless consumers panic Many analysts think it will take several weeks before dealer lots start to look a bit empty. Ford, General Motors and Stellantis built up inventories of vehicles ahead of Thursday night’s strike, and the UAW decided to limit the walkout… By David Koenig, Associated Press
Sep 03 Watch 6:23 Is the era of inexpensive cars over? Why auto prices are on the rise in America By John Yang, Andrew Corkery The average price of cars has soared in recent years, and buyers are being further squeezed by rising interest rates. It’s hitting Gen Z and millennials particularly hard — in 2022, people aged 18 to 39 had over $20 billion… Continue watching
Dec 19 Watch 4:46 Prices for new and used cars skyrocket leading up to the holidays By PBS NewsHour With the auto industry still reeling from a computer chip shortage and low production due to COVID-19 shutdowns, rising car prices show no signs of abating soon—and consumers are bearing the brunt of it, with record high average asking prices… Continue watching