2024 Car Prices Going Down. He predicts used car prices in 2024 could end the year around one to two per cent higher than where they finish 2023. Economy cars were going for well over prices from the year before.
In early 2024, used car prices are holding steady, even as new car prices drop quickly. Prices to remain high new car prices are expected to remain near current levels as we move through 2024.
In Early 2024, Used Car Prices Are Holding Steady, Even As New Car Prices Drop Quickly.
Prices to remain high new car prices are expected to remain near current levels as we move through 2024.
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.
The average cost of new and used cars remains high, exacerbating the affordability crisis for consumers.
Will Car Prices Drop In 2024?
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On Average, Transaction Prices Have Fallen 5% This Year.
The good news is that, in general, prices have been on the decline since late 2022.
In 2023, Car Prices Were Expected To Decline By About 2.5% To 5% For New Cars And Approximately 10% For Used Cars.
Auto trader boss on latest used car prices, 2024 market and why dealer packages are going up.