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These factors have created a ripple effect: Due to new car supply issues, which reached their most severe levels in 2021 and 2022, used car supply still remains below pre-pandemic levels.
The cost to buy a new car goes beyond the sticker, experts said. As average transaction prices come down, monthly payments go up. ... with higher new-car inventory on dealer lots now compared with ...
If no new inventory arrives, car companies have, on average, a 77-day supply of vehicles to sell. That's well above last year's levels and higher than the 65-day level industry experts agree to be ...
New and used car prices were mixed to start the year in January’s Consumer Price Index (CPI) reading, but used prices continued trending higher, with January’s jump the largest since May 2023.
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 ...
Sales of new cars remain down by a quarter on pre-pandemic levels as the global shortage of computer chips limits supply. The Society of Motor Manufacturers and Traders (SMMT) said 58,994 new cars ...