The supply of new automobiles has declined, raising overall vehicle price
Chart: Center for American Progress. Sources: U.S. Bureau of Economic Analysis data in Federal Reserve Bank of St. Louis (FRED), "Domestic Auto Production," available at https://fred.stlouisfed.org/series/DAUPNSA (last accessed August 2022); U.S. Bureau of Labor Statistics data in FRED, "Consumer Price Index for All Urban Consumers: New Vehicles in U.S. City Average," available at https://fred.stlouisfed.org/series/CUUR0000SETA01(last accessed August 2022).