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But recent data shows downward pressure on new car prices, too, which now top $45,000 on average. Cox Automotive’s Kelly Blue Book (KBB) reports that for the 11th straight month, the average ...
Used car prices fell 2.3% over the prior month in July and 10.9% from the prior year, data from the BLS revealed on Wednesday. New car prices fell 0.2% in July and 1.4% from the prior year.
A recent study from iSeeCars found that the average used car price declined 5.1% from $32,627 in October 2022 to $30,972 in October 2023. Used EVs had a 33.7% price drop from $52,821 to $34,994 ...
See: Used Car Prices Could Exceed 30K This Year Find: Used Car Prices Exceed $28K For the First Time Ever. But used car prices are still up 32.4% year over year. Vehicle prices have had a ...
A few months ago, the chances of buying a used car were slim unless you were prepared to pay grossly inflated prices. Ongoing supply chain disruptions that arose during the pandemic were ...
The drop in used car prices is also good news for the U.S. Federal Reserve, which has been steadily raising interest rates in hopes of slowly curbing inflation without sending the U.S. spiraling ...