With car prices surging

How to Navigate Today's Elevated New-Car Prices

CR shows you how to navigate surging new-car prices. Limited availability and high prices make buying a car challenging now, but you can ...

Study found new car prices surged to record highs, leaving used ...

A recent study by Edmunds revealed that in the third quarter of 2024, the average new car cost $47,542—$20,365 more than the average used car, ...

Rising Car Prices Could Mean Stalling Sales for Automakers

The high price of new cars and borrowing costs have consumers hesitant to buy, suggesting another year of lukewarm sales for automakers.

Recent Surge in Used Car Prices: What's Driving the Market? - Reddit

Yea it's likely tied to rate cuts but it's 0.78% increase in price so average price went up about $500. But there's also seasonal trend in ...

Used-Car Prices Are Falling, Especially Among EVs

According to a recent report from CarGurus, an online marketplace for new and used cars, lower prices, combined with slowing sales and building ...

Supply and demand shows up in rising used-car prices

While supply is shrinking in the used-car market, new-car stores are swimming in inventory, with supply up 55.1% year-over-year and a staggering ...

Sparse inventory drives prices for new, used cars higher - CNBC

The APR on loans for new vehicles rose to 7.4% and for used vehicles, to 11.2%, both levels last seen during the Great Recession. More from ...

Price Trends for New and Used Cars

New car prices increased by 11.7% and used cars increased by 37.2%. Meanwhile, overall inflation during the same time span was 7.1%. So car ...

Surging Demand in Used Car Market Unfazed by Rough Conditions ...

Trend #1: Used vehicle prices have dipped from record levels but remain historically high. ... The average transaction price for used vehicles in ...

Used car prices are surging. Here's why you should buy now

With the supply of used vehicles failing to keep up with robust demand, prices are creeping up again, with signs pointing to further increases ahead.

The cost of owning a car keeps rising - NBC News

The rising costs around owning a car are leading to a growing number of people falling behind on their car payments, and charities that assist ...

Lower car prices offer relief to Americans after years of inflation - PBS

The average price paid for a new vehicle in the United States fell 1.2% in January from a year earlier, to $47,338, according to data collected ...

Inflation and the auto industry: When will car prices drop?

New car prices are rising as a result of higher production costs. · This has fueled demand for used cars, with average prices tracking around 30% ...

Why car prices are still so high — and likely won't fall anytime soon

Lower supply, higher prices: It's basic economics. Which cars are being made? Not the cheap ones. When automakers can't make as many vehicles as ...

Used car prices surging in 2022: Market 'absolutely nothing' like we ...

Used car prices are up nearly 40% from last year. New cars are also up 12%. "Nothing, absolutely nothing compares to what we're seeing in today's market," ...

Used car prices are surging. Here's why you should buy now

Behind the vehicle shortage and inflated prices is simple supply and demand. Much of the problem stems from the surging prices of new cars. In ...

Used vehicle prices rising at an unseasonably strong rate - CNBC

Cox Automotive reports wholesale used vehicle prices increased 4.3% in February from January — marking the largest increase between the two ...

Why are used cars so expensive and when will cost go down?

The surge began years ago but compounded in 2020. In January 2016, the average cost was $18,661 for a used car — and the prices have steadily ...

Used-car prices are going up: Here's a look at why - USA Today

Manheim, which auctions used cars to dealers, reported a 4.3% increase in vehicle prices in February, the largest increase for that month since ...

Used car prices are surging and driving inflation - Fortune

New and used car prices are inextricably linked. A shortage in new vehicle supplies immediately drives up demand for used ones, creating a ...