Navigating the Automotive Market Crisis

This chapter delves into the drastic changes in the automotive market over the past year and a half, particularly focusing on the plummeting new car inventories and rising vehicle prices. It highlights the economic strain these factors impose on American consumers, as well as the rising costs of car loans that outpace income growth. The discussion also reveals how families are prioritizing monthly payments over total loan costs, potentially leading to long-term financial difficulties.