Posted on Feb 9, 2023
Will car prices come down in 2023? Indicators suggest yes, but interest rates may slow demand
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"People who bought vehicles during pandemic stuck with high payments, low trade-in values"
Will car prices come down in 2023? Indicators suggest yes, but interest rates may slow demand
Posted from durangoherald.com
Cars
Economy
Shopping
Posted >1 y ago
Responses: 5
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Thankfully I didn't pay any markup for my Audi when I bought it new in Summer of 2021 so I'm not upside down. Unfortunately, that's not the case for others. Some people were so foolish during the pandemic days buying new cars for $10K, $15K, $20K over sticker. Now they're stuck with their bad decision. Bottom line? Never and I mean NEVER buy a car over MSRP unless you have the CASH reserves to handle the hit you will take when you unload it. Even then, that's not a wise financial decision.
NOTE: I am not a financial advisor. I am only expressing my opinion!
NOTE: I am not a financial advisor. I am only expressing my opinion!
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In my humble opinion, Car prices will not come down as inflation erodes our buying power and goods will cost more over time... Just look around at what is happening today!
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