CAR PRICES 

CAR BUYERS IN THE U-S ARE FACING THE WORST STICKER SHOCK IN A GENERATION. 
ACCORDING TO EDMUNDS FINANCE USED CAR PRICES ARE NOW 25 PERCENT HIGHER THAN FIVE YEARS AGO. LOAN INTEREST RATES ARE WAY UP AND INSURANCE PRICES HAVE SKYROCKETED. JUST LAST MONTH THE AVERAGE PRICE OF A NEW CAR WAS ABOUT 47 THOUSAND DOLLARS AND THE AVERAGE NEW CAR PAYMENT WAS NORTH OF SEVEN HUNDRED. THE NEW YORK FED SAYS AUTO LOAN DELINQUENCIES ARE AT THEIR HIGHEST LEVEL SINCE 2008 BECAUSE OF HIGHER PRICES AND BALLOONING INTEREST RATES.