US new vehicle prices top $50,000, raising affordability concerns

12 articles · Updated · Bloomberg · May 1

Magna CEO Swamy Kotagiri said the threshold was crossed early this year as US buyers still demand safety, comfort and convenience features.
He said carmakers must balance those expectations with economic viability as higher prices put pressure on consumers.
Kotagiri added Magna is largely insulated from new US tariffs because the auto-parts supplier has a localized manufacturing footprint.

Tariffs aim to boost U.S. manufacturing, but are consumers paying the ultimate price for this industrial strategy?

With car loans hitting 7 years and debt soaring, is the American car dream becoming a financial nightmare?