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Stories Tagged as

Car dealerships

New cars have been a seller's market, but that's changing

by Savannah Maher
Apr 13, 2023
In March, the average new car sold for $171 below asking price, according to Kelley Blue Book. But that's still higher than before COVID.
A year ago, the average new-car buyer was paying close to $1,000 over sticker price. But with the semiconductor chip shortage easing, some automakers are ramping up production, says Rebecca Rydzewski of Cox Automotive.
Mario Tama/Getty Images
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Vehicle demand is finally slowing down

by Justin Ho
Dec 29, 2022
Demand for autos has been strong throughout the pandemic. But in recent months, demand has been softening, thanks in part to rising interest rates and elevated prices.
Used cars are displayed at a dealership in New York City.
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Why used cars are getting so expensive

by Kai Ryssdal and Maria Hollenhorst
Jun 4, 2021
Mark Kugman of Kugman Motors in St. Louis has two answers — one simple and one more complicated.
A used car for sale in El Cerrito, California on March 15, 2021.
Photo by Justin Sullivan/Getty Images
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COVID-19

Car shoppers are waiting, but still want to buy in 2020

by Jack Stewart
Apr 24, 2020
Researchers are trying to figure out what impact COVID-19 will have on auto purchases.
A Tesla dealership in New York. The electric vehicle maker will report quarterly results next week.
Spencer Platt/Getty Images
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