Reposted by Kitalooclef
In much of the world you can buy a Chinese EV that is just fine for you for under $20k. Without extreme protectionism all US car companies would be instantly bankrupt
finance.yahoo.com/economy/arti...
finance.yahoo.com
Car payments just hit a record $787 a month—and 1 in 4 new-car buyers is now signing a 7-year loan
New-car payments, loan sizes and lifetime interest all set records last quarter, even with rates flat at 7%. Six-figure households are still buying. Everyone else is getting squeezed.