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At that time, average transaction prices for new vehicles were $38,259,” KBB’s Renee Valdes wrote, underscoring the price gulf that had emerged between 2019’s prices and those closing out 2024.
In a recent post on his YouTube channel, personal finance guru and financial influencer Jaspreet Singh explored whether car prices will fall in 2025. Explore More: 5 New SUVs the Middle Class ...
For instance, Jonathan Banks, J.D. Power vice president of product development and valuation services, told Automotive News in February that he expected used car prices to fall by 5.7% in 2024.
New 2025 Models. New car models are typically released in the fall, making it a great time to buy a car. With the release of new 2025 models this fall, car dealers may offer special discounts on ...
“We ended 2023 with used car prices down about 8% for the year,” said Amy Gieffers, senior vice president of inventory and technology at Vroom. “This makes [2024] a great time to buy a used ...
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 3 ...
Inventory is expected to inch up slightly in 2024, with 9.6 million used cars available, and in 2025, that number is expected to hit 10.2 million — still lower than the pre-pandemic supply.
After looking at statistics from 2023 in addition to 2024’s predicted forecast, the information indicated that 2024 may be a good year to purchase your next car due to the predicted normalcy and ...