Why Did Cars Get So Expensive?
Inflation, finally, has cooled off. Prices have increased 2.5 percent over the past year, down from increases as high as 7 percent during the early pandemic. Rents are high but stabilizing. The cost of groceries is ticking up, not surging, and some goods, such as eggs, are actually getting cheaper. But American consumers are still stretching to afford one big-ticket item: their cars.