New Car Market Stalls Out as Prices Remain Stubbornly High, Boxing Out Many Consumers New car prices – still hovering nearly an average of $50,000 – are only down by 3% in the past year, despite inventory on dealer lots jumping by 50% Future discounts will likely come in the form of incentives, rather than substantial cuts to vehicles’ listing price New hybrids and affordably-priced electric vehicles are among the few bright spots in the market

New Car Standstill: Sales Falter With Car Shoppers Not Yet Benefiting From Interest Rate Cuts Less than 1% of new cars are currently priced under $20,000, and only 10% below $30,000 Even with limited options, many shoppers are still gravitating toward more compact, affordable models Responding to a lack of consumer interest, manufacturers ramp up EV incentives, with sales soaring by 51% over Q3

New Domestic Models with Lowest Days Supply September 2023

New MIR Tables [DRAFT] January 2024

No Signs of Slowing Down: The Used Car Market Is Not Returning to Normal Any Time Soon Strong consumer demand for newer, more expensive vehicles keeps used car prices near record highs Consumers in the market for more affordable models face more limited options amid inventory shortages of older vehicles Electric vehicles represent a rare bright spot for used car buyers, with Tesla leading the pack and down $22,000 in less than a year

One-Ton Truck Value Retention: Best & Worst Brands Updated: September 2023 The tables below show the difference between a 5-year-old car brand’s average original average MSRP and current average used listing prices. This highlights how well the original value was retained over a period of 5 years for each brand.

One-Ton Truck Value Retention: Best & Worst Models Updated: September 2023 The tables below show the difference between a 5-year-old car’s original average MSRP and current average used listing prices. This highlights how much of a vehicle’s original value was retained over a period of 5 years.

Plugging Into Hybrids: The Best Deals for Consumers This Summer While consumers are shying away from electric vehicles – put off by issues like high cost and charging infrastructure – hybrids are experiencing a surge in popularity. For many consumers, they represent an attractive middle ground between the environmental benefits of EVs, and the convenience of gas-powered cars. Because the majority of car trips are six miles or less, consumers can use the electric motor for short trips and the internal combustion engine for longer drives.

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