1 Used Car Prices Are Dropping Repos Are Increasing
- Author: joinyaa.com
- Published Date: 09/29/2021
- Review: 4.93 (674 vote)
- Summary: Five Weeks of Declines: Used Car Prices Are Going Down. used car prices dropping July 2022
- Matching search results: Just as consumers are feeling the effects of higher interest rates, dealers are too. The cost to finance dealership inventory (you read that correctly, car dealers don’t pay cash for their cars, they finance them just like you and me) is also going …
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2 How to Buy a Used Car in This Tough Market
- Author: consumerreports.org
- Published Date: 04/06/2022
- Review: 4.7 (264 vote)
- Summary: According to the Consumer Price Index report from July, used-car prices are 6.6 percent higher than last year , although still more than 50 percent higher than they were in February 2020, before pandemic-related disruptions catapulted the economy into turmoil
- Matching search results: Prearrange financing. If you need to finance a used car, be careful. Keep in mind that higher interest rates are going to make it more expensive than it already is. Figure out your budget and get financing based on what you can afford to pay …
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3 Why are used cars so expensive? What has caused a new car shortage and when will prices fall?
- Author: cardealermagazine.co.uk
- Published Date: 01/15/2022
- Review: 4.46 (325 vote)
- Summary: · The short answer is no. Used car prices went up on average by nearly 30 per cent in 2021, and while it’s true demand and high prices are
- Matching search results: It’s basic economics – high demand equals high prices. That doesn’t mean all dealers are blindly rising prices to make a quick buck, but the sometimes high prices they’re paying for stock have a knock-on effect to the sticker price the customer …
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4 The Used Car Market Has Finally Reached Its Peak, as Prices Fall After Two Record-Breaking Years of Inflation
- Author: businesswire.com
- Published Date: 03/19/2022
- Review: 4.28 (242 vote)
- Summary: · Overall used car prices fell in August to an average of $33,414, as dealers dropped prices across the board to maintain sales momentum. Prices
- Matching search results: “While most vehicle segments and brands have fallen off their peak prices, some still are lingering near their record-high prices, so it pays to explore alternative brands to find the best value,” Ryan said. “For people with a used car to sell, now …
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5 When Will Car Prices Come Back to Earth?
- Author: caranddriver.com
- Published Date: 01/25/2022
- Review: 4 (433 vote)
- Summary: · We’re going to be paying premium prices for both new and used vehicles for a long time to … There’s another vehicle coming down the road
- Matching search results: “The industry is going through a transformation,” says Chesbrough. “COVID presented this opportunity to get lean and mean, pulling back on incentives, having dealer lots stripped bare.” To offer one example, Automotive News reported today on plans …
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6 When Will Car Prices Drop?
- Author: clark.com
- Published Date: 11/16/2021
- Review: 3.87 (394 vote)
- Summary: · “The used car market is starting to come down in price,” Clark said recently. “It’s not a straight line, but there’s a decline.”
- Matching search results: According to KPMG’s study, U.S. dealer inventories had fallen to historic lows by July 2021 and new car prices soared past MSRPs. It’s expected that the market will balance out and prices will start to drop when automakers are once again able to …
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7 Low inventory is warping the new and used car markets, and its starting to drive up inflation
- Author: fortune.com
- Published Date: 05/26/2022
- Review: 3.64 (232 vote)
- Summary: · Used and new cars prices are hitting records, … “As the supply has gone down, we’ve seen prices go up for new vehicles, and that trend is
- Matching search results: Surging car prices have become a key contributor to the country’s rising inflation. The latest Consumer Price Index, which measures inflation in the U.S., found that prices for all goods have increased an average of 8.6% over the past year, and new …
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8 Used Car Prices Have Fallen for 4 Months Straight
- Author: money.com
- Published Date: 06/10/2022
- Review: 3.56 (248 vote)
- Summary: · Used car prices are dropping in 2022, with average costs down four months straight. But higher interest rates mean higher monthly payments
- Matching search results: The recent drop in prices isn’t noticeable enough for folks to sprint to a dealer. But the trend does give you “the gift of additional time,” Drury says. In other words, you won’t likely have to make any rash buying decisions for fear of …
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9 Used Car Prices Are On the Decline, According to Kelley Blue Book
- Author: motorbiscuit.com
- Published Date: 11/26/2021
- Review: 3.21 (420 vote)
- Summary: · Kelley Blue Book reported that the average used car price in America was $28,012 in June, which is down by $300 in comparison to May of this
- Matching search results: The slight decline in used car prices has everything to do with the available supply. The overall supply of used cars increased in June, reports KBB. Car dealers nationwide measure their inventories by a metric called “days in inventory,” which …
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