Car Prices Dropping at Edna Elliott blog

Car Prices Dropping. Now, manufacturers and dealerships have launched incentives and rebates as they look to clear that supply. Edmunds analysts are not expecting new car prices to see a dramatic reduction this year. Here's what caredge's ray shefska predicts for the new year. Inventory of new cars has built up across the country as prices for newer models climbed and consumers pulled back on big purchases amid high inflation and rising interest rates. The average time a new car spends on dealer lots is anywhere between 50 and 60 days, and it's been that way for many months now. New car prices have been falling for most of 2023, with the average new car selling for $47,936 in october, kelley blue book reported. Used car values are likely to keep falling all year, with ev prices falling faster than petrol cars, particularly in the second half of the year.


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New car prices have been falling for most of 2023, with the average new car selling for $47,936 in october, kelley blue book reported. Here's what caredge's ray shefska predicts for the new year. Edmunds analysts are not expecting new car prices to see a dramatic reduction this year. Now, manufacturers and dealerships have launched incentives and rebates as they look to clear that supply. Inventory of new cars has built up across the country as prices for newer models climbed and consumers pulled back on big purchases amid high inflation and rising interest rates. The average time a new car spends on dealer lots is anywhere between 50 and 60 days, and it's been that way for many months now. Used car values are likely to keep falling all year, with ev prices falling faster than petrol cars, particularly in the second half of the year.

Car Prices Dropping Used car values are likely to keep falling all year, with ev prices falling faster than petrol cars, particularly in the second half of the year. Now, manufacturers and dealerships have launched incentives and rebates as they look to clear that supply. Inventory of new cars has built up across the country as prices for newer models climbed and consumers pulled back on big purchases amid high inflation and rising interest rates. Used car values are likely to keep falling all year, with ev prices falling faster than petrol cars, particularly in the second half of the year. Here's what caredge's ray shefska predicts for the new year. New car prices have been falling for most of 2023, with the average new car selling for $47,936 in october, kelley blue book reported. Edmunds analysts are not expecting new car prices to see a dramatic reduction this year. The average time a new car spends on dealer lots is anywhere between 50 and 60 days, and it's been that way for many months now.

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