New car prices hit a record high, and President Trump blames fuel efficiency standards. NPR's Ayesha Rascoe speaks with Bloomberg Detroit bureau chief David Welch about what's behind the high prices.
Average transaction prices for 3-year-old used cars have been above $30,000 for each quarter of 2025 so far. It was the highest third quarter average transaction price for those used cars since 2022, ...
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