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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 ...
Last month, the average transaction price of a new car in the U.S. was $47,218, down 1% from March 2023 but still 15.5% higher compared to 2021. The average used car price was $25,540 — 4% lower ...
The interest rate on a new car loan averaged 7.4% in the third quarter, the highest since 2007, according to car research group Edmunds and as reported by Financial Times. The average monthly ...
The good news, however, is it looks like 2024 is signaling a return to normalcy for car prices. GOBankingRates spoke to two vehicle professionals to learn why 2024 is shaping up to be a better ...
At that time, average transaction prices for new vehicles were $38,259,” KBB’s Renee Valdes wrote, underscoring the price gulf that had emerged between 2019’s prices and those closing out 2024.
Car buyers in the United States have finally gotten some good news thanks to a market that flipped in July 2023, bringing lower prices than earlier this year. The bad news is that plenty of...