A man looks at a 2024 Cooper S John Cooper Works convertible at a Mini dealership on Nov. 30, 2023, in Loveland, Colo. Automobile prices, which had been fueling inflation in the U.S., are starting to drop, helping to slow overall consumer price increases and giving buyers hope of getting a deal. (AP Photo/David Zalubowski, File)
February 28, 2024
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February 28, 2024 11 a.m.
Lower auto prices are finally giving Americans a break after years of inflationary increases
The price spikes that followed the 2020 pandemic were caused mainly by a worldwide shortage of computer chips