The Fed just broke the car market. What you need to know.

It's Brian Preston, the Money Guy.

Restoring order to your financial chaos. Retirement. Investing, investing, taxing.

You've got financial questions. He's got financial answers.

It's Brian Preston, the Money Guy.

Brian, I am so excited about this topic because buying a car has been a difficult thing.

If you have been in the car market for the last two years, it has been trying and troubling

and difficult and frustrating, but there might be some light at the end of the tunnel.

There might be some things you ought to know if you're thinking about buying a car now

or at some point in the future.

Well, just the entire car industry has been bananas for the last few years.

So we wanted to do some content on what's actually been going on in the car market.

So you can know, hey, what's kind of the fluff or the craziness that's been created

and what is the reality of what should be happening in the car market?

And we're going to load you up today because it is such an interesting thing that this has

been so important in the fact that we all know we live in an inflationary period right now. I think a lot of

people would be surprised to find out that out of the 200 things that the government's looking at

when they look at the consumer price index, because there's 200 components to go into that,

10% is driven by the auto industry. And that's, I mean, categorically, that's a big percent.

Across 200 categories, that is significant.

And what I think is interesting is when you look at like car prices or used car prices,

it generally tends to be fairly flat.

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