Americans are driving older cars than ever and no one can afford to

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Americans are driving clunkers in record numbers.

According to a Wall Street Journal report, the average age of cars on the road is higher than ever.

In addition to being unable to afford new cars, Americans are increasingly unable to pay their mounting costs for auto maintenance.

“Thirty years ago the average passenger car was about 8.4 years old and today that is 13.6 years.”

The report offered several reasons for this, including:

Gee, I wonder if the Biden Administration’s new EPA regulations and their forcing of electric cars on people who don’t want them are driving prices up?

Let’s check in on the price of a new Chevy Silverado these days:

$100K for a 2024 truck.

GOOD GRIEF.

Who on earth can afford these?

Some economists are warning that Trump automotive tariffs will make prices worse, while others are suggesting his other economic, regulatory, and energy reforms will bring prices down.