Modest-Income Buyers Being Priced Out Of New Vehicle Market

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From the Associated Press — Two years after the pandemic tore through the economy, America’s auto market looks something like this: Prices are drastically up. Supply is drastically down. And gasoline costs drastically more. The result? A widening disparity between the richest buyers and everyone else. The most affluent buyers
keep plunking down big money for new vehicles, including the least fuel-efficient among them – trucks, SUVS, large sedans. As for the rest of America, millions are feeling increasingly priced out of the new-vehicle market.
They are competing instead for a shrunken supply of used autos, especially smaller, less expensive ones that consume less fuel.