Tech
Why Car Ownership Is Getting So Expensive | CNBC Marathon
CNBC Marathon examines a variety of factors that lead to car ownership in the U.S. being so expensive, from auto loans to repairing your vehicle.
A car loses about 10% of its value as soon as it’s driven off the lot. And within the first three years, that number goes up to 50%. Depreciation — the rate at which that happens — is one of those numbers everyone in the automotive world thinks about including consumers, automakers and the massive used car market, which made up somewhere around 35.2 million in 2022 — compared with 13.8 million new cars.
More than 100 million Americans have an auto loan and auto loan debt in the U.S. is at a record high of $1.56 trillion. Between the Covid-19 pandemic, supply chain issues, alleged predatory lending practices, inflation, and the Federal Reserve’s interest rate hikes, getting an auto loan is getting increasingly difficult and costly.
Auto repair costs have been rising for years, but recently they’ve spiked. Experts say it’s likely a mix of factors including heavier, faster and more complex vehicles, riskier driving behavior, new technology, and labor and supply shortages. Repair shop owners say they can’t find enough technicians despite paying six-figure salaries. As technology marches forward, and fancy cutting-edge EVs fill the roads, consumers hear horror stories about huge repair bills. But insiders say there are reasons to be optimistic.
Chapters:
00:00 Introduction
00:32 Why Cars Lose Their Value So Fast (Published December 2023)
13:18 Why Americans Are Falling Behind On Car Loans (Published August 2023)
30:30 Why Car Repairs Are Getting So Expensive (Published February 2024)
Produced by: Robert Ferris, Emily Lorsch
Edited by: Darren Geeter
Animation by: Christina Locopo, Jason Reginato, Alex Wood
Additional Camera by: Ryan Baker
Senior Managing Producer: Tala Hadavi
Additional Editing by: Jack Hillyer
Additional Footage: Getty Images, Rivian, Kia, Tesla, Insurance Institute for Highway Safety
Additional Sources: Experian, Bankrate, Federal Reserve Bank of New York
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Why Car Ownership Is Getting So Expensive | CNBC Marathon
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A company that has its hands in nearly every industry & touches the tech from your phone to your home. But there’s another catalyst that has Jim Cramer excited.
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“Mad Money” takes viewers inside the mind of one of Wall Street’s most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opportunities and pitfalls with one goal in mind — to try to help you make money.
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FLEX CEO: An Innovation Powerhouse | Mad Money | CNBC
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Anthropic began its journey as an under-the-radar research lab founded in 2021 by seven former OpenAI employees. Now, the company is poised to launch an historic public debut that could set the tone for the AI trade in 2027 and test investors’ appetite for an entirely new asset class. The company that brought the world Claude reported more than $33 billion in revenue for the first nine months of 2026 in its updated IPO prospectus, but also disclosed nearly $900 billion in compute and infrastructure commitments and 90-plus pages of potential risks. CNBC explores Anthropic’s rapid rise, its rivalry with OpenAI and its clash with the Pentagon, and what its public debut could mean for the AI trade.
Chapters:
0:00 Introduction
0:32 – 1:51 Origins
1:52 – 4:16 The focus on enterprise
4:17 – 6:17 Risk Factors
Produced by: Drew Troast
Technology Correspondent: Kate Rooney
Edited by: Matt Soto
Animation: Mallory Brandan, Jason Reginato
Senior Director of Video: Jeniece Pettitt
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Anthropic’s Rise: What To Know Before The IPO
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Automakers are increasingly using 3D-printed car parts. In a process called additive manufacturing, printers create objects from a digital design by layering materials like plastic, carbon and metal. This process can produce a wide range of items from motors and steering wheels to assembly tools. Watch the video to learn more about how car companies are using 3D printers to enhance production.
Producing and Camera by: Michael Wayland
Edited by: Ryan Baker
Senior Managing Producer: Tala Hadavi
Additional Footage: Ford, Rivian, Getty Images
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How 3D Printing Is Saving Auto Makers Millions
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Watch updates on major stock market averages and tech stocks as trade talks progress on between the U.S., Canada and Mexico.
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CNBC live price updates: Markets, trade talks and tech stocks — Wednesday, Aug. 29 2018 | CNBC
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Apple unveiled its home speaker during WWDC 2017 on Monday. The device, called HomePod, will go toe-to-toe with existing competitors such as the Amazon Echo and Google Home.
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First Look At Apple’s HomePod, An Amazon Echo Competitor | CNBC
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