Why Are Cars Suddenly So Expensive? - Patrick Boyle On Fi...

What this episode covers

Send us a textOver the last three years we have seen the biggest car price increases in history. Last year the average cost of a new car in the United States was forty-seven thousand dollars and the average used car price today is just under thirty thousand dollars.Car buyers today aren’t just faced with higher car prices, the average interest rate on a new car or truck loan has reached just under nine per cent and car insurance costs are rocketing too. What is going on?Patrick's ...

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Frequently Asked Questions

How long is this episode of Patrick Boyle On Finance?

This episode is 17 minutes long.

When was this Patrick Boyle On Finance episode published?

This episode was published on July 8, 2023.

What is this episode about?

Send us a textOver the last three years we have seen the biggest car price increases in history. Last year the average cost of a new car in the United States was forty-seven thousand dollars and the average used car price today is just under thirty...

Can I download this Patrick Boyle On Finance episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.