Why Are Americans Buying So Many Cars?

A half-decade after plunging to its lowest levels in a half-century, the U.S. new car market is in the midst of a major boom. All told, U.S. buyers spent $52 billion for their new vehicles in May, as the price of the typical vehicle surged to $32,452, up 4 percent from May 2014, according to TrueCar.com.