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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 ...
Why people can't afford cars. ... "So if we see a $2,000 transaction price drop from November of 2022 to November of 2024, then that monthly payment should be $28 less per month. But during that ...
Even if prices drop further, the costs of borrowing and insurance could make consumers’ monthly payments higher than they have been. ... Used-car prices have dropped 9.3% from a year ago ...
The average price of a new car has climbed steadily over the past couple of years. Due to supply chain issues during the pandemic, car prices went up -- and never really stopped. See: 25 Sneaky Car...
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 ...
For the past few years, car prices have been historically high. But if you are in the market for a new car, this fall might be a great time to buy. Explore More: The 20 Cars Seeing the Biggest ...
The good news is that used car prices have already begun dropping, but it may be a while before they return to pre-pandemic levels — if ever. Hoenig explains that if prices drop, demand will ...
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...