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Car prices, in particular for used vehicles, seem to be coming down faster compared to inflation in the broader economy, which saw overall prices rise 0.6% month over month and 3.7% on an annual ...
New car prices have been falling for most of 2023, with the average new car selling for $47,936 in October, Kelley Blue Book reported. Overall, new car prices are down 1.4% since October 2022 and ...
Using data from the Mannheim Used Vehicle Value Index, Cox Automotive recently reported that the seasonally unadjusted price for used vehicles was down 4.8% since September 2022. See: 4 Luxury ...
While new-vehicle inventory starts to stabilize, thanks to sales incentives, some car models continue to see price declines. If the trend continues, certain vehicles could see a marked decrease in ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Black Book collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Access is restricted because it requires subscriptions, but public access to its price search features are accessible through third party sites such as Newcars.com. [4] Assessing car value is dependent on several factors including make, model ...
New car purchases mean trade-ins, and that increases used car inventory. Essentially, used cars depreciate in value due to the supply factor, which helps you afford a car that was more expensive ...
The company started off as an automotive community blog where consumers could post reviews and questions about local dealers, shops, and types of cars. Dealers expressed interest in advertising on the site, and the company changed its business strategy to connect dealers and consumers by putting inventory on the site.
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