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This month, new car inventory has reached its highest levels since the spring of 2021. Consequently, prices have started to soften somewhat from peak levels, and we can expect them to drop further ...
In addition, the Federal Reserve has cut interest rates, which should make borrowing money for a new car cheaper. And, with higher new-car inventory on dealer lots now compared with a few years ...
Tesla's new Cybertruck inventory, including the entry-level AWD version, is already seeing markdowns just one quarter after ending its Foundation Series for early adopters—hinting at potential ...
With car prices skyrocketing during the pandemic, buying a car is a major financial decision. According to Kelley Blue Book, the average price of a new car in May 2024 was $48,389. Explore More:...
Most car dealerships display their inventory in a showroom and on a car lot. Under U.S. federal law, all new cars must carry a sticker showing the offering price and summarizing the vehicle's features. [4] Salespersons, predominantly those who only work on commission, negotiate with buyers to determine a final sales price. In many cases, this ...
In December 2023, CNBC reported poor inventory and high borrowing costs affected affordability of new and used cars. The good news, however, is it looks like 2024 is signaling a return to normalcy ...