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This month, new car inventory has reached its highest levels since the spring of 2021. Consequently, prices have started to soften somewhat from peak levels, and we can expect them to drop further ...
In addition, the Federal Reserve has cut interest rates, which should make borrowing money for a new car cheaper. And, with higher new-car inventory on dealer lots now compared with a few years ...
High demand and a manufacturing shortage of semiconductors -- microchip technology used for power steering, brakes and other important vehicle operations -- have caused new car inventory at...
If no new inventory arrives, car companies have, on average, a 77-day supply of vehicles to sell. That's well above last year's levels and higher than the 65-day level industry experts agree to be ...
Similarly, average used car prices have decreased by 3% over the same period as inventory has stabilized. In light of this, fewer shoppers in the CarGurus study cited available inventory as a top factor in their decision on purchase location (26% vs. 18% in 2023), while prices (56%) and financing availability/offers (30%) continued to top the ...
In December 2023, CNBC reported poor inventory and high borrowing costs affected affordability of new and used cars. The good news, however, is it looks like 2024 is signaling a return to normalcy ...