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MSNBC Ana Cabrera Reports June 4, 2024 14:59:00

Under normal circumstances, would you still be driving around in this. no way. i want to replace this car. reporter: the father of five swapping out an engine with 200,000 miles for one with a mere 100,000. a short-term fix that fits his family s budget. do you feel safe driving this? no, not at all. 200,000 miles, no. my kids are in it. i m not sure i feel safe with 200,000 miles. but do i have a choice? no, i don t have a choice. reporter: it s the impact of years of pandemic-fueled shortage, supply disruptions. for new vehicles, nearly 730 payment. according to one group, that s up more than $250 a month compared to just five years ago. industry analysts say pricing, higher interest rates and greater reliability of new cars all play a role. someone going into the market for the first time in a while, they re going to be shocked as to how high the prices are for both new and used cars. reporter: a by-product of this trend, auto repair shops ....

Industry Analysts , Interest Rates , Supply Disruptions , By Product , Auto Repair ,

MSNBC Chris Jansing Reports June 4, 2024 17:58:15

Transcripts for MSNBC Chris Jansing Reports 20240604 17:58:15
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U S , Sam Brock , 12 5 , Nick Osborne , South Florida ,

KNTV NBC Nightly News With Lester Holt June 4, 2024 23:22:00

Amount when it comes to the average price americans are now paying per month to lease a new car. here s sam brock. reporter: with demand for vehicles in overdrive, new data shows americans keeping their cars and smaller trucks for a record 12 1/2 years. while they re lasting longer, they re also more expensive. which is why south florida mechanic nick osborne is still holding on to a 2007 suv. under normal circumstances would you still be driving around in this? no way. i would have already replaced this car. reporter: the father of five swapping out an engine with 200,000 miles for one with a mere 100,000, a short-term fix that fits his family s budget. do you feel safe driving this? no, not at all. 200,000 miles? no. and my kids are in it. i m not sure my kids are safe with 200,000 miles. but do i have a choice? no, i don t have a choice. reporter: it s the impact of years of pandemic-fueled shortages, supply disruptions and heightened demand. the average used car ....

U S , Sam Brock , South Florida , Mechanic Nick Osborne , 12 1 2 , Supply Disruptions ,