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 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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Prices of America’s Favorite Cars – SUVs and Pickup Trucks – Are Finally Starting to Fall With inventory at record highs, dealers are dropping prices and ramping up incentives on some of the priciest vehicles on the market, including SUVs, pickup trucks, and electric vehicles Combined with above-average tax refunds, consumers will find one of the most favorable spring car buying seasons in years Used car price declines have largely yet to materialize, but consumers can expect more deals on pre-owned cars in early summer