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2. 10 Used Cars That Have Dropped Up to 30% in Price in 2023 - AOL

   www.aol.com/10-used-cars-dropped-30-134623968.html

   2. Tesla Model 3. First released in 2017, the Tesla Model 3 has a history of being a top seller with a good safety record. With an October 2023 average selling price of $33,455, this used EV’s ...

3. Used car prices fall again in July, down nearly 20% from ...

   www.aol.com/finance/used-car-prices-fall-again...

   New car prices fell 0.2% in July and 1.4% from the prior year. Compared to their peak in February 2022, prices paid for used vehicles are now down 19.4%. Used car prices rose more than 40% ...

4. 5 Cars That Decreased in Price in 2023 — Are They ... - AOL

   www.aol.com/5-cars-decreased-price-2023...

   New research from Rerev reveals the cars that have actually decreased in price over the last 10 years. Which are they? ... ($29,495 according to Car and Driver), representing a 15.26% decrease ...

5. Inferior good - Wikipedia

   en.wikipedia.org/wiki/Inferior_good

   In economics, inferior goods are those goods the demand for which falls with increase in income of the consumer. So, there is an inverse relationship between income of the consumer and the demand for inferior goods. [ 1] There are many examples of inferior goods, including cheap cars, public transit options, payday lending, and inexpensive food ...

6. The Market for Lemons - Wikipedia

   en.wikipedia.org/wiki/The_Market_for_Lemons

   In American slang, a lemon is a car that is found to be defective after it has been bought. Akerlof's theory of the "Market for Lemons" paper applies to markets with information asymmetry, focusing on the used car market. Information asymmetry within the market relates to the seller having more information about the quality of the car as ...

7. Price controls - Wikipedia

   en.wikipedia.org/wiki/Price_controls

   Price controls. Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of goods even during shortages, and to slow inflation, or, alternatively, to ensure a ...