Showroom Sticker Shock: Why Are New Cars So Expensive Now?

Looking for a new car? Get ready to pay up. We're seeing record high prices for new vehicles around the country, including here in New England. It's rare to find one that comes in under $30,000, with more luxury vehicles, SUV's, and pickup trucks on the lots than affordable sedans. Why the change, especially when so many Americans are struggling to get by? Nichole spoke with John Marthinsen, Professor of Economics and International Business at Babson College in Wellesley, to get insight and answers.See omnystudio.com/listener for privacy information.