Modest-income buyers being priced out of new-vehicle market

  • 📰 AP
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Two years after the pandemic hit the economy, America’s auto market looks something like this: Prices are up. Supply is down. And gasoline costs drastically more. The result? A widening disparity between the richest buyers and everyone else.

Best of all, with gasoline having scaled $4 a gallon nationally, she’s enjoying superior fuel efficiency.

And that’s despite a whopping 22% jump in the average price of a new car since the pandemic struck two years ago — to more than $46,000, as of December. Left largely out of that pool, buyers of more modest means have been vying for the most fuel-efficient used vehicles — and forcing up their prices. At auctions where dealers buy many of their vehicles, the average price of a 2-to-8-year-old compact car rose 1.1% during the past three weeks to an average of $12,560. That’s an annual rate of nearly 20%. The price of older cars is up even more, according to data compiled by Black Book, which monitors such prices.

Behind that trend lies an economic reality: Americans as a whole have less cash to spend. Although America’s job market is robust and many people have received pay raises in recent months, the acceleration of inflation has more than wiped out those gains in most cases., the fastest such pace in four decades. In addition, stimulus checks and other federal aid that most households received after the pandemic have long since expired.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hı! Children are dying in Gaza. There is oppression in Gaza. Did you know? AlAqsaUnderAttack GazaUnderAttack

People are dying in Gaza AlAqsaUnderAttack

Hi! Children are dying in Gaza. Did you know? AlAqsaUnderAttack

Hi. Palestine is underattack. Didn't you see? Didn't you hear? Be voice for them. AlAqsaUnderAttack

AlAqsaunderattact

Hello, Israel is attacking Jerusalem this Ramadan. Innocent people are injured and arrested. Listen to them. AlAqsaUnderAttack

Israel is attacking the Palestinian holy site. They're abusing women. They're arresting children, young people. Is that your idea of human rights ? SaveAqsa AlAqsaUnderAttack

Raids continue in Masjid Aqsa. The invading Israeli soldiers are using disproportionate force against Muslims. human rights are violated. please don't stay silent. المسجد_الأقصي_بأعيننا

We are sorry because. AlAqsaUnderAttack

Schweigen wir nicht über diese Grausamkeit, wir warten auf Ihre Unterstützung. AlAqsaUnderAttack

הכנסת (תקף בישראל) מכוונת למסגד אל-אקצא באמצעות חגים יהודיים והופכת למתח.AlAqsaUnderAttack

The traces of Islam in Al-Aqsa Mosque will never be erased. KeepEyeOnAlAqsa المسجد_الأقصي_بأعيننا AlAqsaUnderAttack

Palestinians are free in their homes Aksa AlAksaunderattack

Hello . We are in the 21st century, but Israeli Jews live in prehistory. Israel is the only place today where journalists are not free AlAqsaUnderAttack

Israel Masjid Aksa is causing chaos and war. Palestinian women and children are under constant fire. AlAqsaUnderAttack

Nerede insan haklarını savunanlar?AlAqsaUnderAttack

以色列袭击阿克萨亚清真寺。 礼拜场所在任何宗教中都是不可触及的! 让我们的声音被听到。 AlAqsaUnderAttack

Israel greift Aksaya, Moscheen an. Kultstätten sind in jeder Religion unantastbar! Lasst unsere Stimmen gehört werden. AlAqsaUnderAttack

Israël attaque Aksaya, des mosquées. Les lieux de culte sont intouchables dans n'importe quelle religion ! Que nos voix soient entendues. AlAqsaUnderAttack

イスラエルはアクサヤ、モスクを攻撃します。 礼拝所はどの宗教でも触れられません! 私たちの声を聞かせてください。 AlAqsaUnderAttack

Israel attacks Aksaya, mosques. Places of worship are untouchable in any religion! Let our voices be heard. AlAqsaUnderAttack

Hola, Israel está aumentando su crueldad en Ramadán. Un montón de cosas malas han estado sucediendo últimamente. El pueblo palestino y especialmente los niños se encuentran en una situación difícil. por favor escucha su voz AlAqsaUnderAttack

Did someone say Freedom..? In the world where children die..!! AlAqsaUnderAttack

Please don't stay silent. AlAqsaUnderAttack

V Palestině jsou poškozována lidská práva, nemlčme prosím AlAqsaUnderAttack

The Israeli occupation forces stormed Al Qibli mosque, assaulted worshippers and detained dozens of Palestinian youth. AlAqsaUnderAttack

We are on one's feet for Masjid al-Aqsa. AlAqsaUnderAttack

こんにちは、パレスチナでの迫害は終わらせなければなりません、黙ってはいけません AlAqsaUnderAttack

你好,今天以色列政權雖然建了清真寺,卻傷害了無辜的人民 AlAqsaUnderAttack 

Hallo Heute hat das israelische Regime unschuldige und wehrlose Menschen in der Al-Aqsa-Moschee angegriffen. Sie müssen diese Verfolgung bekannt machen. AlAqsaUnderAttack

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines