Why Car Prices Are Still Crazy High
Big Take14 Feb 2023

Why Car Prices Are Still Crazy High

Buying a new car today is more painful than ever. Auto prices have risen a shocking 30% in just the past few years. Many used cars aren’t much cheaper. The pandemic crunch is partly to blame – high demand and scarce supply caused prices to spike along with everything else. But car prices remain astronomical even though those shortages have largely eased. For a lot of middle class Americans, a new car is now out of reach.

And that’s just fine with some major automakers. Bloomberg reporters David Welch and Keith Naughton join this episode to explain why General Motors Co. and Ford Motor Co., among other companies, are embracing scarcity and high prices as the new normal.

At the same time, China is ramping up production and rising as a leading carmaker. Reporter Tom Hancock describes how the country is churning out millions of electric and gasoline-powered vehicles for customers around the world, with one notable exception: the US.

Read more:

https://bloom.bg/3E48mQY

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

This podcast is produced by the Big Take Podcast team: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Rebecca Chaisson, Michael Falero and Federica Romaniello, Associate Producers: Sam Gebauer and Zaynab Siddiqui. Sound Design/Engineers: Raphael Amsili and Gilda Garcia.

See omnystudio.com/listener for privacy information.

Episoder(856)

The White House’s Shifting Explanations for the Iran War

The White House’s Shifting Explanations for the Iran War

As the war with Iran widens in the Middle East, legislators on both sides of the aisle have expressed frustration with a lack of advance notice of the strikes and the inconsistencies in the administra...

3 Mar 16min

After Months of Succession Planning, Who’s Leading Iran?

After Months of Succession Planning, Who’s Leading Iran?

The US and Israel’s attacks on Iran have entered their third day — and President Donald Trump said Monday that the US military operation could continue for weeks, or more. On today’s Big Take podcast,...

2 Mar 14min

The Escalating Conflict With Iran

The Escalating Conflict With Iran

Targets in Iran, Israel and in the Middle East are under attack in an unprecedented escalation in the conflict between the US and Iran. The combat operations come after weeks of negotiations between t...

1 Mar 15min

Former Goldman Sachs CEO Lloyd Blankfein Says the Market Is Due For a Reckoning

Former Goldman Sachs CEO Lloyd Blankfein Says the Market Is Due For a Reckoning

After steering one of Wall Street’s iconic investment banks through the financial crisis, former Goldman Sachs CEO Lloyd Blankfein is investing his own money and, with the publication of a new memoir,...

1 Mar 36min

Special Report: US and Israel Strike Iran

Special Report: US and Israel Strike Iran

President Donald Trump says the US has begun major combat operations against Iran. Airstrikes have been carried out by Israel and the US, with multiple provinces hit. Iran in turn has fired back at Is...

28 Feb 11min

The Sixth Bureau Episode 4: The Duck Analogy

The Sixth Bureau Episode 4: The Duck Analogy

In Episode 4 of The Sixth Bureau, a series from The Big Take, we follow a spy from China’s Ministry of State Security as he tries to plan a delicate overseas meeting with a valuable source. But the pe...

27 Feb 33min

How the ‘Power Game’ Is Reshaping Venezuela

How the ‘Power Game’ Is Reshaping Venezuela

After US forces captured former Venezuelan President Nicolás Maduro in January, President Donald Trump said the US would “run” the South American country. What’s actually happened since? On today’s Bi...

26 Feb 18min

Is Apple Winning the ‘AI Scare Trade’?

Is Apple Winning the ‘AI Scare Trade’?

As the “AI scare trade” jolts companies large and small, Apple shares keep doing their own thing. The company has “decoupled” to the greatest degree in 20 years from forces moving the rest of the Nasd...

25 Feb 16min

Populært innen Politikk og nyheter

aftenpodden
giver-og-gjengen-vg
lydartikler-fra-aftenposten
forklart
aftenpodden-usa
i-retten
popradet
stopp-verden
det-store-bildet
dine-penger-pengeradet
fotballpodden-2
rss-gukild-johaug
rss-ness
hanna-de-heldige
nokon-ma-ga
aftenbla-bla
e24-podden
bt-dokumentar-2
rss-dannet-uten-piano
frokostshowet-pa-p5