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Is the era of inexpensive cars over? Why auto prices are on the rise in America

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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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Category
U.S. & Canada
Tags
car dealership, cars, dealerships
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