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New data shows used car prices which surged during the pandemic, are now stubbornly remaining there despite recent weakness in the market. ... After the index hit an all-time high of 257.7 in ...
The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of ...
Edmunds’ data scoured from dealer retail pricing finds that the average used vehicle transaction price in Q1 slipped 6.4% year-over-year, but is still up 44% from five years ago.
New car prices are starting to drop, according to a recent Kelley Blue Book (KBB) report. Supply chain issues with delivery of new vehicles, the silicon chip shortage, and other problems stemming ...
"The price of a used car was the price of a new car, pretty much," potential car buyer Yesenia Maura said. A new report shows consumers paid an average $44,559 for a new, non-luxury car in August.
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.
The average price has dropped about 2% from a record high of $45,578 set in December 2022. Electric vehicle prices are down about 19% from June 2022, KBB reported.
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% higher than in July 2019.
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