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Although used car prices are finally starting to decline, it could be years before the market returns to a pre-pandemic normal. ... with an expected 9 million used cars on the market. Inventory is ...
The auto market in 2023 was marked by inflated sticker prices, high borrowing costs and poor inventory, so hopefully 2024 will be known for improvements in all of these areas, on both new and used...
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 ...
While new-vehicle inventory starts to stabilize, thanks to sales incentives, some car models continue to see price declines. If the trend continues, certain vehicles could see a marked decrease in ...
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 ...
Higher prices on new cars might convince consumers to buy used cars, they reasoned, which would increase those prices as well. The same could happen if Trump wins re-election and makes good on his ...
During the pandemic, car inventory dropped due to supply chain issues that impacted the availability of semiconductor chips, leading to higher prices on vehicles. As new car supply and sales...
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