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.

The industry may need to cut costs to bring down stickier prices.

Every car has one, but what you actually pay may differ from this amount.

The new entry-level price for a new vehicle is $25,000, auto research site Edmunds says.

Demand for autos has been strong throughout the pandemic. But in recent months, demand has been softening, thanks in part to rising interest rates and elevated prices.