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Stories Tagged as

Cars

The "lumpy" road to affordable EVs just got a little longer

by Elizabeth Trovall
Oct 25, 2023
Even though prices have come down and the federal government is helping with rebates, the average price is still above $50,000.
It’s hard to build up new supply chains of EV parts like batteries and electric-motor systems.
Justin Sullivan/Getty Images
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Here is how much more everything costs since the pandemic began

by Janet Nguyen
Oct 20, 2023
In 2022, inflation reached its highest level since 1981.
You've likely seen your grocery bill go up over the past four years.
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Why some car parts are still hard to find

by Henry Epp
Sep 18, 2023
Dealers are still playing catch-up after the chip shortage and suppliers are building parts for new cars rather than those on the road.
Dealerships are hesitant to sell high-demand parts to repair shops. Instead, they're prioritizing putting those parts into new cars.
Jon Cherry/Getty Images
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Older cars, more complex parts: Why the cost of automotive repairs is up 17% since last year

by Stephanie Hughes
Sep 14, 2023
Another example of inflation caused by the pandemic.
Car parts have gotten more expensive, and so has labor. But cars themselves have also gotten more complicated to fix.
Jon Cherry/Getty Images
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Cars: Can't live with 'em, can't live without 'em

by Kai Ryssdal and Livi Burdette
Aug 15, 2023
Affordability has broken down, but the costs of not having your own vehicle are even higher for many. Marin Cogan of Vox explains.
The average new car costs a record $48,000 — up 25% between May 2020 and May 2023. During the same time, used car prices soared 50%.
Scott Olson/Getty Images
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Why have car repairs gotten so expensive?

by Samantha Fields
Aug 7, 2023
The cost of car maintenance and repair is rising much faster than inflation.
Aside from the rising price of spare parts, repair costs have gotten more expensive because newer cars are more complicated to fix. 
Jon Cherry/Getty Images
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After years of not being able to get them, Americans want their wheels — no matter the cost

by Stephanie Hughes
Jul 6, 2023
New light vehicle sales, including cars, SUVs and pickups, were up about 20% in June from this time a year ago.
Lots of consumers feel confident they’ll have the money to buy vehicles they might have once considered unaffordable.
Mario Tama/Getty Images
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Why are used car prices still so high?

by Stephanie Hughes
Jun 13, 2023
The microchip shortage of recent years put the brakes on the production of new cars. That's making for a low supply of used cars now.
While used car prices are down from their pandemic peak, they're still about 40% higher than before COVID, according to government data.
Mario Tama/Getty Images
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What's driving car prices ever higher?

by Kristin Schwab
Apr 6, 2023
The new entry-level price for a new vehicle is $25,000, auto research site Edmunds says.
Ford is one automaker that has moved its focus from smaller, more affordable sedans to trucks and SUVs.
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Automakers have a lot more chips now, but buyers may be in short supply

by Savannah Peters
Jan 3, 2023
Dealers are figuring out how to balance the supply of vehicles with softer consumer demand.
Rising prices and interest rates have pushed buyers into the used vehicle market or out of the automotive market entirely.
Mario Tama/Getty Images
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