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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 ...
August 14, 2024 at 12:22 PM. ... Used car prices rose more than 40% annually in both June and July 2021, and again in January and February 2022. Prices for used cars and trucks are still 16.9% ...
According to J.D. Power's data, the average monthly car payment in November 2024 was $740, $15 more than November 2023. It is a whopping $150 more than the average monthly car payment in November ...
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
Inventory is expected to inch up slightly in 2024, with 9.6 million used cars available, and in 2025, that number is expected to hit 10.2 million — still lower than the pre-pandemic supply.
Their used car price guide is the first consumer price guide to show real average mileages and regional price adjustment. [ 3 ] [ 4 ] They also have a significant used car review section, used car facts and figures resource and used cars for sale, both of which are regularly cited in the media.
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