Podcasts · Patrick Boyle On Finance
Why Are Cars Suddenly So Expensive?
· 17 min
Episode Why Are Cars Suddenly So Expensive?
Send us a textOver the last three years we have seen the biggest car price increases in history. Last year the average cost of a new car in the United States was forty-seven thousand dollars and the average used car price today is just under thirty thousand dollars.Car buyers today aren’t just faced with higher car prices, the average interest rate on a new car or truck loan has reached just under nine per cent and car insurance costs are rocketing too. What is going on?Patrick's ...
Transcript
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