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Why are cars so expensive now? A look at the reasons behind the skyrocketing prices and ballooning auto loans.

Why are cars so expensive now? A look at the reasons behind the skyrocketing prices and ballooning auto loans.

Grid found a net increase of nearly $13,000 in the cost of a new vehicle. Where does that extra cost come from?Americans are —but they’re paying thousands more for new cars than even a couple of years ago, according to a Grid analysis of automotive finance data and market experts. And that’s driving household debt up.The jump — an average $13,000 more in the overall cost of a new car since 2018 — is largely driven by skyrocketing sticker prices, data shows, but changes in consumer borrowing are also adding to the net cost of a new vehicle.It’s difficult to say the new vehicle market is...

July 27, 2022
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15 QAnon-linked candidates have won key primaries in 2022. The GOP and its leaders are embracing them.

15 QAnon-linked candidates have won key primaries in 2022. The GOP and its leaders are embracing them.

Some candidates with conspiracy ties are getting big help from a Republican Party eager to retake the House.Part two of “,” an occasional series examining the QAnon movement’s influence in American politics.Halfway through this year’s primaries, at least 15 candidates linked to the QAnon conspiracy movement have advanced to November’s general elections for congressional or statewide offices, has found.Hear more from Steve Reilly and Jason Paladino about this story:Deep-pocketed mainstream Republican groups and party leaders are pitching in to support who have survived their primaries.More...

July 29, 2022
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How inflation became America’s greatest economic problem

How inflation became America’s greatest economic problem

Mae Decena/Shea Lord360°How inflation became America’s greatest economic problem LENSESLLaborPPoliticsWWarCClimateCChinaThe last time inflation was this high, the Fed engineered a severe recession. Unfortunately, the problem is much more complex now. Can the off-ramp to spiking inflation go better this time?ContributorsWhat are 360s? Grid’s answer to stories that deserve a fuller view.LENSESInflation has hit its highest level since the early 1980s, with prices rising 8.3 percent in the last year.The last time inflation, defined as the change in consumer prices over time, was this high was...

May 12, 2022
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