Inside The Crisis Facing U.S. Auto Giants
CNBC·2026-02-15 16:01
Americans are paying more for nearly everything than they were a few years ago, but car prices have outpaced even inflation. I shopped around quite a bit. Before I was driving a Toyota Highlander, and the prices, it went up a lot.The average car price is nearly $50,000, a 30% increase over the past five years. Even so, automakers have resisted making cheaper ones. The Hemi is an icon.Even if you don't know what a Hemi is. You know the term, oh, it's got a Hemi. But in an effort to get greener, Ram's then ne ...