1 in 5 Drivers Has a $1,000 Car Payment. Congress Wants Answers. (The Roman Report)

Описание: Approximately 1 in 5 drivers has a $1,000 monthly car payment, and Congress wants answers. The CEOs of the American Big 3 automakers (General Motors, Ford, and Stellantis) have been called to testify before Congress to answer for the unbelievable increase in car prices in both the new car and used car markets. People can't afford to drive, and for once, the automakers are being asked to explain themselves. But is it really their fault?

In this month's Roman Report, I'll give you the latest on the price increases plaguing the automotive industry and affecting the car market. Whether you're buying new or buying used, it's clear that we're in a crisis, and transparency may be the only way the public can ever have a domestic car market that isn't stacked against them from the start.

Additional reporting on the auto loan crisis crushing Americans:    • Auto Loans Are Crushing Americans (The Rom...  

A deep dive on the case that got us into this mess, Dodge vs Ford:
   • Dodge v Ford: The Case That Changed the Bu...  

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Timestamps:
00:00 The
01:02 Intro Song
02:26 Why Do Cars Cost So Much Now?
05:23 How Greed Makes Everything Worse
06:47 Auto Loans Explained
10:12 The Chrysler and GM Bailout History
12:57 Consumers Don't Trust Automakers Anymore
15:30 How Concerned Should We Be?
20:09 Sources