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Stories Tagged as

Vehicle sales

New car sales have slowed amid higher prices and interest rates

by Mitchell Hartman
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.
Justin Sullivan/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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Looking for a used car? You might have better luck ... soon.

by Savannah Maher
Jul 21, 2022
Prices are still high, but demand is slackening and inventory is catching up, AutoNation reports.
Used car prices are up more than 40% since before the pandemic, says Michelle Krebs of Cox Automotive.
Justin Sullivan/Getty Images
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Vehicle sales tell story of separate economic realities

by Erika Beras
Jan 15, 2021
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.
Prices rose in both the new and used vehicle markets last year.
Spencer Platt/Getty Images
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