Elevated car prices and interest rates have been squeezing lower-income buyers.
Supply-chain issues back then are causing supply issues now.
Since 2020, cost increases have far surpassed inflation, report finds. Prices for insurance and repair have been climbing.
Automakers face a challenge down the road: younger consumers aren't buying cars like previous generations.
Detroit's auto show, one of the biggest in the world, kicks off today.
But the dollar's strength against the euro makes things tricky.
That means consumers are shopping for quality, analyst says.
Analysts expect the holidays to come early for automakers.
Though car sales are up, people's satisfaction with their cars is at a low.
Automobile Magazine's New York editor Jamie Kitman joins Marketplace from the floor of the New York Auto Show to discuss the car market and how relaxed credit terms have customers buying again.
