Birdwatch Archive

Birdwatch Note Rating

2023-08-23 19:08:18 UTC - NOT_HELPFUL

Rated by Participant: 42779A0EA0BEA402F02816A4EFF7593628C5076AF4AFC421CBF729B5A922BD1B
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Original Note:

Contrary to popular belief although the government can have some impact due to increased interest rates the primary reason for the increase in car prices was the manufacturing shortage of cars due to the lack of semiconductor chips available. https://theweek.com/finance/1024867/buying-a-new-car-why-are-prices-so-high#:~:text=While%20the%20Fed%20is%20mostly,that%20began%20two%20years%20ago. https://www.jpmorgan.com/insights/economy/economy/when-will-car-prices-drop

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