Is the era of inexpensive cars over? Why auto prices are on the rise in America
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 more than $20 billion in auto loans more than 90 days overdue. Tom Krisher, who covers the auto industry for the Associated Press, joins John Yang to discuss.
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