Car payments are at a record 770 a month for new cars and about 550 540 for use cars in the US. The average monthly payment of $777 is insane another stat that was jaw-dropping to me 30% of the market for these cars is people who make their own money. In order for vehicles to get as affordable as they were three years ago vehicle prices will have to basically crater, says Bloomberg Detroit bureau chief David Welch.
Ross Gerber, CEO at Geber Kawasaki Wealth Management, discusses his push to get on Tesla’s board. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Supreme Court Reporter Greg Stohr provide the details of Greg's Businessweek Magazine story Social Media Case Tests Limits of Supreme Court’s Tech Savvy. Bloomberg News Detroit Bureau Chief David Welch explains how car prices have hit a record high as automakers limit their output. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital.
Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.
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