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Used car prices are up 45% since 2019 putting used cars at average price $28000. It is not a discretionary cost, one needs a car to get to work in the US. There are cases of young people not able to pay soaring repair costs quitting work without transport. This is why there was so much discontent in 2024 after supply shocks and price gouging pushed up prices in 2024. Another factor evident in airline ticket pricing was demand and the excess income of the top 20 percent. In housing and apartment rentals supply shortages pushed up prices, demand and excess income of the top 20-30 percent pushed up prices beyond the reach of the rest, higher interest rates made it unaffordable to buy a home for most Americans.
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Why There Is No Relief Ahead for High Used-Car Prices
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Southwest's AirTran Deal Is Right On Point
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Crude or Refined? Delta's Fuel Gambit
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Steven Pearlstein: Two can play the airline bankruptcy game - The Washington Post
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Southwest Airlines, Once a Brassy Upstart, Is Showing Its Age
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Southwest Airlines Relies on Strategy That Built It
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Airline Fees and Fares Turn Small Recovery Into Big Profits
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Global Airlines Fly Into 'Storm'
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American, United Launch Buybacks
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