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As average transaction prices come down, monthly payments go up. ... and more complicated to address than it is right now. ... in for a new car was 5.7 years old, up from a low of 4.5 years old ...
That patience can pay particular dividends in 2024, with used car prices recently pushing higher again. Buyers paid an average of $25,415 per used vehicle in July 2024, Kelley Blue Book reported.
A used inexpensive car is now becoming more and more of a luxury. What the market wants right now is not available, and that’s $3,000, $4,000 and $5,000 cars.
Used car prices fell 2.3% over the prior month in July and 10.9% from the prior year, data from the BLS revealed on Wednesday. ... prices paid for used vehicles are now down 19.4%. Used car prices ...
1. Dodge Hornet. MSRP: $32,995-$38,290 Market Day Supply: 428 Total For Sale: 14,596 As Car and Driver notes, Dodge’s Hornet Hybrid is a promising foray into the burgeoning world of hybrids, but ...
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