Affordability is key for the latest wave of car shoppers. Can carmakers keep up?

Apr 2, 2024
Many companies have focused on building more expensive SUVs and fewer affordable compact cars. That's causing a mismatch with current demand.
“Even now, though, a monthly car payment can be well over $700. Which is obviously a pretty large monthly expense for a household,” says David Whiston, an auto analyst with Morningstar.
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Four years ago, used car auctions went virtual. Many haven't gone back.

Jan 8, 2024
For a long time, the only way for dealers to buy at wholesale used car auctions was to go in person. Now, many of those auctions take place online.
For a long time, the only way for car dealers to buy at auction was to go to one in person. Many have moved to online simulcast.
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Car market could be boring in 2024. That's good.

Dec 26, 2023
The tumult in car prices moderated in 2023. Expect more of the same next year.
In recent years, the semiconductor shortage made new cars scarce. Now, the vehicle  industry is back to normal-ish.
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EVs and hybrids drive 18% of car sales, doubling market share since 2021

Nov 29, 2023
Price dips and and an expansion of models to choose from contributed to the boost in third-quarter purchases.
Some car companies, like Honda, are making more hybrid models available, says Stephanie Brinley at S&P Global Mobility.
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After years of not being able to get them, Americans want their wheels — no matter the cost

Jul 6, 2023
New light vehicle sales, including cars, SUVs and pickups, were up about 20% in June from this time a year ago.
Lots of consumers feel confident they’ll have the money to buy vehicles they might have once considered unaffordable.
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New cars have been a seller's market, but that's changing

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.
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For public good, not for profit.

What's driving car prices ever higher?

Apr 6, 2023
The new entry-level price for a new vehicle is $25,000, auto research site Edmunds says.
Ford is one automaker that has moved its focus from smaller, more affordable sedans to trucks and SUVs.
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New car sales have slowed amid higher prices and interest rates

Mar 6, 2023
There are plenty of cars on lots, unlike a year ago. It's buyers who are in short supply.
Supply is higher than it has been, but new car prices are averaging around $50,000 and interest rates remain elevated. That means many buyers are staying away.
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Automakers have a lot more chips now, but buyers may be in short supply

Jan 3, 2023
Dealers are figuring out how to balance the supply of vehicles with softer consumer demand.
Rising prices and interest rates have pushed buyers into the used vehicle market or out of the  automotive market entirely.
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