The average price of cars has soared in recent years, and buyers are being further squeezed by rising interest rates. It’s hitting Gen Z and millennials particularly hard — in 2022, people aged 18 to 39 had over $20 billion in auto loans more than 90 days overdue. Tom Krisher, who covers the auto industry for the Associated Press, joins John Yang to discuss.
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September 04, 2023 at 04:35AM
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