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Used Car Prices Could Drop By As Much As 14%. ... told Automotive News in February that he expected used car prices to fall by 5.7% in 2024. On the other hand, Kevin Roberts, ...
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 ...
Unfortunately, that number is projected to be even lower in 2023, with an expected 9 million used cars on the market. Inventory is expected to inch up slightly in 2024, with 9.6 million used 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. ... There was a 5% drop in car buying between ...
Although used car prices are still stubbornly high and inventories historically low, things have improved so far in 2023. "The last several months have followed very closely to 2019's levels, the ...
Used car prices are influenced by a range of factors, from the vehicle's make and model to the state of the economy. Presidential policies can have an impact as well, though it's often an indirect...