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Stock impact report

Why car prices won't stop rising [CNN]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: CNN
But now, automotive experts say, car prices are headed back over that level. And this time, they might stay there. Ivan Drury, director of insights at Edmunds, and Erin Keating, executive analyst at Cox Automotive, say cars are nearing that mark. “It'll edge up, even as much as the consumer doesn't want to pay that amount,” said Drury. “It's just the cost of everything on a car is going up, and $50,000 is just not that far away.” The higher prices for cars – a necessity in many transit-starved cities and towns – are part of a larger affordability crisis that's squeezed Americans, leaving many living paycheck to paycheck just to get by. Trump set to change mileage rules President Donald Trump, alongside top auto executives, announced a “reset” of federal fuel-economy standards for vehicles during a White House event on Wednesday. Trump said his action, which rolls back emissions standards set by the Biden administration, will lead to lower car prices by reducing the costs Show less Read more
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