The Inequality of the Car Market

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

There's a real risk that lower-income households are underserved in this new type of economy. The car market is a really good example of this. Car sales have been pretty robust lately, but there are a big swath of people out there who are being completely priced out of the new car market. That then filters down to the used car market, and so prices will go up there also.

The traditional explanation of inflation is simple: too much money chasing too few goods. But some experts are now wondering if companies’ aggressive pursuit of profit is driving up inflation as well.

This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Noel King.

Transcript at vox.com/todayexplained

Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts

Learn more about your ad choices. Visit podcastchoices.com/adchoices