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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 ...
But prices spiked in the pandemic, and the annual inflation rate reached a 40-year high of 9.1% in mid-2022. The Fed stepped in, raising interest rates dramatically in 2022 and 2023 to cool the ...
Car prices are pulling back, ever so slightly. Year-over-year, used car and truck prices — which skyrocketed during the pandemic — fell 2.2% in March, according to inflation data released by ...
One has to go back to late January 2001 — or more than 23 years — to see the federal funds target as high as 5.5%. ... Used car and truck prices fell 9.3% over the 12 months through May, but ...
Though the average auto loan rate improved last month to 10.22% — a nine-month low — Cox found the average transaction price jumped by 2.2% to $48,150 after three straight months of declines.
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