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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 ...
By April, Barclays predicts overall price increases will drop to 2.3% while core inflation slides to 2.7%. That would be well below the 40-year high of 9.1% in mid-2022 and modestly above the ...
Data from the Bureau of Labor Statistics showed that in the depths of the COVID-19 pandemic, the truck transportation industry lost 6% of its pre-pandemic labor force of 1.52 million workers.
"Every car that comes out of any dealership is going to raise the prices," Maoli said. "Parts come from all over the world." The average price of a new passenger vehicle in the U.S. in December ...
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