New-car prices, used inventory shortages drive stability in used-car ...

Nov 5, 2024 · The report showed the average used-vehicle list price on the Cars.com platform (currently at $28,882) has been virtually flat throughout 2024, while the Cars.com New Car Price Index has been up ...

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New-car Prices, Used Inventory Shortages Drive Stability In Used-car ...

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autoremarketing.com

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Used Car Market Undergoing Transition From Volatility To Stability ...

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Improved inventory in the new-car market has resulted in downward pressure in the used market, leaving the average price for 3-year-old and newer used vehicles $13,686 below the new-car …

edmunds.com

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Vehicle Inventory Is Improving, But Affordability Remains An Issue ...

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Sep 17, 2024 · At the same time, the used vehicle market is also facing affordability shortages. Used car prices have declined by 6% since July 2023, and inventory has increased by 1% in …

automotivedive.com

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Surplus Inventory Slightly Drives Down New-Car Prices As Used …

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Oct 21, 2024 · “The automotive market is undergoing an adjustment as new-car prices declined, with a 1.5% year-over-year drop in September driven by significant inventory surpluses, …

cars.com

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Used Cars For Sale Near North Bergen, NJ Under $5,000

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Browse used vehicles in North Bergen, NJ for sale on Cars.com, with prices under $5,000. Research, browse, save, and share from 406 vehicles in North Bergen, NJ.

cars.com

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What Happens When Cars Sit? - Hagerty Media

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Dec 19, 2024 · Further down the price ladder but no less surprising, a 445-mile Nissan Sentra SE-R sold for $33,500, or nearly three times the previous record for the model. It’s always a bit …

hagerty.com

FAQs about New-car prices, used inventory shortages drive stability in used-car ... Coupon?

Is the chip shortage driving new cars down?

“The chip shortage is still kind of the central piece that's driving supply down for new vehicles,” Nick Woolard, senior director of business analytics at TrueCar, an auto pricing and information website, told Fortune. “As the supply has gone down, we've seen prices go up for new vehicles, and that trend is continuing.” ...

Why do people still buy used cars?

Consumers continue to gravitate toward used vehicles for affordability even as the average vehicle age increases slightly to 5.2 years with mileage just over 60,000. This stability is helping buyers navigate the market amid high interest rates and fluctuating new-car prices. New and Used EV Market Continues to Fluctuate ...

How much is a used car worth in September?

Used-Car Inventory Continues to Increase in Age and Miles The used-car market, in contrast, remained stable in September, with the average price standing at $28,882, which is nearly unchanged since the beginning of 2024 but down 5% YoY. ...

Why are used cars so expensive?

A shortage in new vehicle supplies immediately drives up demand for used ones, creating a shortage there too. Prices for used cars were already rising earlier this year, and the market has only become more warped since then. Used car and truck prices have risen 16% over the past year, and 50% more than before the pandemic. ...

Are car dealerships suffering from low inventories?

Now, many car dealerships are suffering from low inventories. “There’s some evidence saying that vehicles rarely even hit the dealer lots anymore. They're sold before they even get off the truck,” Bragman said. “It's not even so much about wanting to get the exact vehicle you want anymore, it's more about just wanting to get a vehicle period.” ...

Will EV depreciation stop car buyers from buying EVs?

The fast depreciation rate could dissuade car buyers from choosing EVs over combustion engine vehicles. The price war in the new EV market could continue to suppress prices for their used counterparts. Drivers charge their Teslas in Fountain Valley, California, on March 20, 2024. ...