Posted on Aug 9, 2023
New car prices are cooling, but experts say you still might want to wait to buy
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https://www.npr.org/2023/08/09/ [login to see] /new-car-prices-are-cooling-but-experts-say-you-still-might-want-to-wait-to-buy
Some welcome news for potential car buyers: dealerships are taking their foot off the gas on new vehicle prices.
According to Kelley Blue Book, the average transaction price for a new car in July was $48,334, a slight dip from June and only a 0.4% year-over-year increase.
That could present an opportunity for those who have been waiting for prices to cool before purchasing their next ride, even as interest rates remain high.
Some welcome news for potential car buyers: dealerships are taking their foot off the gas on new vehicle prices.
According to Kelley Blue Book, the average transaction price for a new car in July was $48,334, a slight dip from June and only a 0.4% year-over-year increase.
That could present an opportunity for those who have been waiting for prices to cool before purchasing their next ride, even as interest rates remain high.
New car prices are cooling, but experts say you still might want to wait to buy
Posted from npr.org
Cars
Economics
Posted >1 y ago
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