By TOM KRISHER (AP Auto Writer) ANN ARBOR, Mich. (AP) — With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting his car payments and his overall debt is a bigger priority for him than having a new vehicle. A 35-year-old grocery store worker from Grand Rapids, Michigan, Holdsworth would probably be in the market for a vehicle within a few years — if not for the high cost.
Repelled By High Car Prices, Americans Are Holding On To Their Vehicles Longer Than Ever
The Associated Press, Denver Post
Mon, 05/15/2023 - 5:45am
Topics: tom krisher ap writer with ryan holdsworth grand rapids you re mobility holdsworth s blame prices april edmunds.com federal reserve s faced you jay nuber professional service ann arbor todd campau nuber s japanese dave weber on friday they cruze i ll a auto ann arbor mich ap with holdsworth chevy cruze you holdsworth s&p holdsworth it s u.s nuber japanese the campau weber high car americans vehicles longer years average repair older year loan repairs payment million owners owner afford people cost time routine major maintenance age road global sales pandemic plans rate hit national record typical growing pay struck shortage decide expensive keeping discounts drive reason reach payments predicts costs increasingly monthly making customer rising reached pre-pandemic buy rates
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