White House auto affordability push: Here's what to know

Summary

Phil LeBeau discussed the Trump administration's push to address auto affordability, noting record-high new-vehicle prices and elevated monthly payments. He highlighted that GM, Ford, and Stellantis will participate in an administration tour on affordability, while asking what the government may want from automakers. The segment flags potential policy and regulatory scrutiny for the auto industry and previews upcoming CNBC interviews with transportation, EPA, and trade officials.

• Trump administration launches auto affordability push.
• Average new-vehicle price is $50,326, an all-time high.
• Used-vehicle prices are near record highs.
• Average monthly payment is $781; one in five auto loans is $1,000+.
• GM, Ford, and Stellantis will join the administration's auto affordability tour.
• Automaker profits have been growing and consumers have paid up for vehicles.
• Key question is what the federal government wants from automakers.
• Upcoming interviews with Transportation, EPA, and USTR officials.