Top 8 Car Prices Dropping

Table of Contents

1 Small and mid-sized dealers hope car prices come down as sales decrease

Author: indianapublicmedia.org
Published Date: 04/27/2022
Review: 4.81 (814 vote)
Summary: · Car prices reached all-time highs this summer. According to a report from automotive researchers, the average price of a new car passed
Matching search results: “The economy while very robust and strong does have its own frictions embedded in it,” Butters said. “What do I mean by that? Just the physical activity of having people stop working at their establishment and trying to return, I’d contend to be a …
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Author: montreal.ctvnews.ca
Published Date: 01/19/2022
Review: 4.6 (278 vote)
Summary: · The average price of a new vehicle has also risen, but less than the average used vehicle, up just under 20 per cent from July 2021 to July 2022
Matching search results: In other words, it’s not so much the cost of the car that has gone up, although there is some increase year over year, but the rebates that have been taken away. AutoHebdo’s data reflects this phenomenon because it’s based on the dealer’s posted …
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Author: prnewswire.com
Published Date: 09/18/2022
Review: 4.44 (297 vote)
Summary: · Across more than 200 3-year-old vehicle models1, Edmunds data shows that 92.8% experienced a price drop in July compared to their peak ATP
Matching search results: “It’s encouraging to see price peaks now showing up in the rearview mirror for the first time in a while, but possibly the most positive development for consumers is a reduction in pressure to buy immediately,” said Ivan Drury, Edmunds’ senior …
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Author: businessinsider.com
Published Date: 07/23/2022
Review: 4.37 (204 vote)
Summary: · Used cars are getting cheaper. Here’s a breakdown of how prices have moved from Scions to Jeeps. · Pre-owned car prices sank 4% in August to the
Matching search results: And on the other end of the market, pre-owned Hyundais, Hondas, and Mazdas are holding on to their value. Prices for the three manufacturers’ used cars are up between 0.3% to 0.9% over the last month, defying the industry-wide slump as Americans …
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Author: thetruthaboutcars.com
Published Date: 08/07/2022
Review: 4.19 (483 vote)
Summary: · If you’ve started hoarding auto parts in the event that future car prices fail to stabilize, leaving you indefinitely maintaining whatever
Matching search results: If you’ve started hoarding auto parts in the event that future car prices fail to stabilize, leaving you indefinitely maintaining whatever heap is currently in your garage, there’s some good news incoming. Used vehicle prices have begun to fall, …
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Author: money.com
Published Date: 01/11/2022
Review: 3.87 (506 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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Author: businesswire.com
Published Date: 07/18/2022
Review: 3.63 (326 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: Across all age brackets, prices declined in August, and this trend was seen most prominently in the prices of 1-3 year old vehicles. While, for much of this year, nearly-new car prices remained near all-time highs (as consumers turned to them as a …
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Author: consumerreports.org
Published Date: 01/31/2022
Review: 3.48 (495 vote)
Summary: · Used-car prices are surging, thanks to strong demand and a shortage … based on what you can afford to pay monthly, and as a down payment
Matching search results: Buy something reliable. If you’re forced to pay more than usual for a used car, you may find yourself perusing older models than you would otherwise have considered. CR recommends taking any used car to a reputable mechanic to have it inspected. (If …
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