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Stories Tagged as

New cars

High prices, interest rates, fading buyer incentives all dent new car purchasing

by Henry Epp
Oct 2, 2024
Several carmakers reported soft sales in the third quarter, and average loan rates for new cars exceeded 7%.
New vehicle prices have gone up considerably since the last time most would-be buyers purchased a new car.
Getty Images
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What's putting the brakes on demand for EVs?

by Mitchell Hartman
Jul 29, 2024
Tesla announced its auto revenues are down, and GM is delaying a new electric truck manufacturing plant.
Production of additional lower-cost electric vehicles could help boost domestic EV sales.
Justin Sullivan/Getty Images
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Why some car parts are still hard to find

by Henry Epp
Sep 18, 2023
Dealers are still playing catch-up after the chip shortage and suppliers are building parts for new cars rather than those on the road.
Dealerships are hesitant to sell high-demand parts to repair shops. Instead, they're prioritizing putting those parts into new cars.
Jon Cherry/Getty Images
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Car prices are still stubbornly high

by Kristin Schwab
Aug 21, 2023
$20,000 used to be the starting point for a new car. Now there’s only one remaining model on the market that sells for around that figure … the Mitsubishi Mirage.
More consumers and carmakers are focused on bigger, more expensive cars. And with the pandemic chip shortage, the average price of a vehicle has ballooned to $50,000.
Mario Tama/Getty Images
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Buying a new or used car is easier now, but getting a loan is becoming harder

by Justin Ho
Apr 24, 2023
Lenders are worried about increasing defaults.
People look to buy a car at a dealership in New Jersey.
Spencer Platt/Getty Images
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Finding new cars on the lot is getting easier

by Matt Levin
Oct 25, 2022
New vehicle inventory is up an estimated 62% from last year as some supply roadblocks clear. But higher prices may stick.
General Motors told investors that it made $3.3 billion in profit last quarter, thanks in part to easing supply chains.
Mario Tama/Getty Images
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Shopping for a new car is hard — and may stay that way

by Savannah Peters
Dec 14, 2021
The global chip shortage. Supply chain headaches. Empty dealer lots and sky-high prices. New car shopping isn't for the faint of heart.
An aerial view of a Ford dealership in Richmond, California, shows a nearly empty sales lot.
Justin Sullivan via Getty Images
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