Used Car Market 2024 Reddit 2024. The latest data from cox automotive shows that new car transaction prices continue to fall, and with more affordable new cars, the used car market is under downward pressure. Economic and industry insights reveal a growing used car market, with a focus on dealer strategies and the impact of labor costs and supply chain issues.
Manufacturers have started doing low interest rate financing and even discounts off of msrp in order to encourage car buyers to purchase new. Our pricing index has shown that the average used car price has steadily decreased in the past 12 months.
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