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Prices are 3.3% lower than they were a year ago, and have been dropping every month for the last five months. Here’s why.
Those prices that spiked because of supply chain issues are starting to come down … just a bit.
New vehicle inventory is up an estimated 62% from last year as some supply roadblocks clear. But higher prices may stick.
Amy Harder at Breakthrough Energy describes her car-buying journey.
The average selling price of new vehicles reached a record high in late 2020. Last year also saw vehicle loan debt increase to record levels.