Amna Nawaz
@PBSNewsHour·5.3M subscribers·62.2K videos
Is the era of inexpensive cars over? Why auto prices are on the rise in America
Posted
September 3, 2023
Views
202,030
Likes
2,312
Engagement
1.14%
September 3, 2023
202,030
2,312
1.14%
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6:24Now PlayingThe 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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