Tag
The tumult in car prices moderated in 2023. Expect more of the same next year.
Price dips and and an expansion of models to choose from contributed to the boost in third-quarter purchases.
New light vehicle sales, including cars, SUVs and pickups, were up about 20% in June from this time a year ago.
Every car has one, but what you actually pay may differ from this amount.
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.
The new entry-level price for a new vehicle is $25,000, auto research site Edmunds says.
There are plenty of cars on lots, unlike a year ago. It’s buyers who are in short supply.
Dealers are figuring out how to balance the supply of vehicles with softer consumer demand.
As travel picks up, the minivan is seeing a surge in popularity — and not just with families.
A dealer in the Los Angeles area describes bidding wars for the few vehicles that are on the lot.