U.S. car sales remain stuck below pre-pandemic levels amid a struggling auto market, according to The Wall Street Journal.
Higher borrowing costs and increased prices on new vehicles are two key factors steering consumers away from buying, according to the WSJ. Many customers have looked to lease cars to avoid out-of-pocket costs and have turned to purchasing smaller and more affordable vehicle models.
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Public transit ridership has fallen since the beginning of the coronavirus pandemic leading one expert to question if rates will ever return to pre-pandemic levels.
A recent report by the American Public Transportation Association shows that total transit ridership in the United States stalled for the second time since the first quarter of 2021. Ridership grew for six of the seven quarters from the first quarter of 2021 to the fourth quarter of 2022. But there was a slight dip in the first quarter of 2023.
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