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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 ...
Prices in March rose 0.1% on a monthly basis and 5% from the prior year. Economists had expected prices in April to rise 0.4% month-over-month and 5% over last year, according to data from Bloomberg.
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.
The average price of a new passenger vehicle in the U.S. in December was $49,740, according to Kelly Blue Blook. Maoli speculates that if tariffs are implemented, prices for new cars could jump ...
The average price of a new car has climbed steadily over the past couple of years. Due to supply chain issues during the pandemic, car prices went up -- and never really stopped. See: 25 Sneaky Car...