2024 Car Price Trends. Right now, the answer is interest rates. Changes seen in new and used car prices over time.
We will address these pressing questions and more. Vehicle affordability is improving, but the second half of 2024 will look better for car shoppers.
Automotive Data Analytics Provide A Lens.
Right now, the answer is interest rates.
New Car Prices Are Rising As A Result Of Higher.
Buyers paid 12.2 percent more for new vehicles in january 2022 than in january 2021, and the picture was even worse for used vehicles, which were up more.
According To Recent Data From Cox Automotive, The Average Transaction Price For New Cars Is $47,244.
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Right Now, The Answer Is Interest Rates.
The average list price of new cars on cars.com was $49,096 in january 2024, down from an august 2023 high of $50,253.
We Will Address These Pressing Questions And More.
According to recent data from cox automotive, the average transaction price for new cars is $47,244.