Car prices

You may drive yourself crazy researching the best price. But at the end of the day, you want to come out feeling like you got a good deal.

Experts say it's putting consumers and the car industry under pressure.

One-third of new car buyers who are trading in their old vehicle owe more than that vehicle is worth, according to JD Power.

The question is, will the good news continue?

Last month, 6.65% of subprime borrowers were at least 60 days late on their car payments. That’s the highest delinquency rate since the 1990s, according to Fitch Ratings.

And many of them are denying that the president’s import taxes are to blame.

Since 2020, cost increases have far surpassed inflation, report finds. Prices for insurance and repair have been climbing.

Many companies have focused on building more expensive SUVs and fewer affordable compact cars. That’s causing a mismatch with current demand.

$20,000 used to be the starting point for a new car. Now there’s only one remaining model on the market that sells for around that figure … the Mitsubishi Mirage.

Affordability has broken down, but the costs of not having your own vehicle are even higher for many. Marin Cogan of Vox explains.