Almost 1 in 5 new car buyers in the fourth quarter took on a $1,000 or more monthly payment, according to the car shopping site Edmunds.
Demand is strong, especially for family vehicles. But supply? Not so much.
Automakers are still trying to meet demand after production dropped in the early days of the pandemic.
Many Americans who want to avoid public transit and ride-sharing are tempted to buy a car.
Many are questioning just how inclusive and diverse one of the Fed’s regular reports on the economy is.
Pickup truck sales are holding up better than some other vehicles, spurred by incentives like zero-percent financing deals.
In addition to a drop in demand, automakers have been forced to close factories.
Mass market models have suffered most.
An executive scandal, questionable strategy, and outdated design dragged down the automaker’s profits.
Fiat Chrysler is following the lead of GM and Ford and moving to quarterly sales reports.