CHICAGO, Oct. 11 (Xinhua) -- Auto analysts warned that falling used-car prices last month could become a lasting trend, which may come with major negative implications for future new-vehicle demand in the United States, The Detroit News reported on Thursday. The latest Labor Department report ...
Could Inflation Really Be Gone for Good? Food, Energy, Used-Car Prices Are FallingInflation has been the great villain of the American economy for decades - wreaking havoc on family budgets and challenging businesses large and small.But despite more than six years of economic expansion, there ...
Also:Used Car Prices Are Finally Falling In The United States New carprices are expected to remain elevated through the end of the year, but they could fall between 2.5% and 5% in 2023. That would be a welcome change of pace as J.P. Morgan Research noted the average new vehicle cost ...
In 2023, new car prices, along with used car prices, have been gradually falling (especially in US), influenced by factors such asdealers’ hesitance to buy overpriced cars at auctionand therapid appreciation of older used cars. The decline in prices has led to a shift in the used car ma...
With the price remaining virtually unchanged over the past year, AA Cars said this will be a “relief” to drivers as second-hand car prices have soared in recent times. The UK’s most popular cars The price of the most popular car – the Ford Fiesta – has actually fallen 2.9%...
While many things still cost more, at least used car prices are falling. Consumer Reportssays,"Prices have dropped ten percent over the past year, although high interest rates remain a challenge for buyers who finance." Market Watchsaysused car prices are declining because "new car inventories ...
Used car prices have been falling from record highs in recent months as higher interest rates have made used cars unaffordable for many potential buyers. Carvana, a relatively new player in the used car field, has lost money most quarters since it went public in 2017 as it aimed for sales...
Used car transactions declined in every month across the quarter, with July, August and September all falling, by -4.9%, -5.9% and -7.9% respectively. Overall, the period is down -2.0% on 2019 pre-pandemic, making it the weakest quarter three since 2015. ...
DEARBORN, Mich. (AP) — For months, anyone who wandered onto a dealer lot to look for a used car could be forgiven for doing a double take — and then wandering right off the lot. Prices had rocketed more than 40% from their levels just before the viral
"It'll be hard for car prices to return all the way to normal until we have normalization in the supply chain of auto manufacturers," Garcia said. Everyone who predicted auto prices over the past year, he said, "has been wrong in pretty short order." ...