Should I buy a car? Why used cars are so expensive right now. - Vox

May 12, 2021 · The used car market is significantly larger than the new car market: About 40 million used cars were sold in 2019, compared to about 17 million new vehicles. But as one …

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Why Car Prices Are Still So High — And Why They Are Unlikely To Fall ...

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Mar 18, 2023 · Why car prices are still so high — and likely won't fall anytime soon The average new vehicle costs nearly $49,000, an almost $10,000 increase from before the pandemic. This …

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New Car Prices Are Cooling, But Experts Say You Still Might Want To ...

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Aug 9, 2023 · New car prices are dropping, but experts say you still might want to wait to buy The average transaction price for a new car in July was $48,334, a slight dip from June and only a …

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Is The Era Of Inexpensive Cars Over? Why Auto Prices Are On The

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Sep 3, 2023 · The average car price is now more than $48,000. ... They say that the prices of batteries and components are going to come down the more electric cars you build, then the …

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Why Car Prices Are Still So High — And Why They Are Unlikely To Fall ...

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Mar 18, 2023 · The used-car market doesn’t provide much relief either. Retail used-vehicle prices now average $26,510. And after falling last year, closely watched wholesale prices, a key …

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3 Reasons Why New Car Costs Are Higher, Even Though Prices Are …

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Mar 19, 2024 · In February, the average transaction price for a new vehicle was $47,244, which is a 2.2% decrease from a year ago and a more than $2,500 drop from the all-time high of about …

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Why Car Prices Are Still So High — And Why They Are Unlikely To Fall ...

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Mar 18, 2023 · The used-car market doesn't provide much relief either. Retail used-vehicle prices now average $26,510. And after falling last year, closely watched wholesale prices, a key …

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What's Causing The Big Spike In Car Prices, And How Consumers …

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May 31, 2022 · At these high prices, the average monthly payment hovers near $800. Throw in inflation, rising gas prices, and grand leaps in housing costs, and car buyers are being …

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Why Car Prices Are Still So High — And Why They Are Unlikely To …

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Mar 19, 2023 · The average new vehicle costs nearly $49,000, an almost $10,000 increase from before the pandemic. This is a look at today's deeply weird auto market.

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High Prices Push Americans To Smaller Cars After Years Of Bigger …

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3 days ago · More: Nearly 20% Of Car Buyers Took On $1,000+ Monthly Payments In Q4. But with the average selling price hitting an all-time high of $47,000, is it really any surprise? With …

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Inflation Is Finally Slowing Down. Will Things Get Cheaper? - Vox

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Aug 10, 2022 · Retail gas could conceivably continue to fall in the future, possibly below $3 a gallon, because fuel prices tend to be more volatile. Used car and furniture prices, which both …

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Here’s Why Car Prices Are So High, And Why That Matters

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Jul 8, 2021 · According to Edmunds, a go-to resource for car information, the average used car price hit $26,500 in June, up 27% from a year ago, while the average new car transaction …

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Used Car Price Trends For 2025 (Updated Weekly) - CarEdge

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2 days ago · Which used car prices are falling most? Let’s take a look at the latest data from Black Book. Used car prices (wholesale sedans) The overall car segment saw prices drop (-0.66%) …

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FAQs about Should I buy a car? Why used cars are so expensive right now. - Vox Coupon?

Why are used cars so expensive?

To be sure, used cars aren’t the only story. The prices of plenty of items have crept up over the past year. Gas prices are up significantly over the past year due to a variety of factors including higher oil prices, a shortage of truck drivers, and a big increase in demand as people start driving and flying again. ...

Why are car prices so high?

Record high prices for both used and new carsis more than an annoyance: It’s an economic problem that weighs heavily on household budgets. About 40% of US households make a car purchase of some sort every year, and this year there could be even more due to pent-up demand from purchases delayed in 2020. ...

Are used car prices rising again?

The used-car market doesn't provide much relief either. Retail used-vehicle prices now average $26,510. And after falling last year, closely watched wholesale prices, a key indicator of where markets are headed, are actually rising again. Why are prices remaining stubbornly high? Here are a few reasons. ...

Are used car prices falling?

In December, used car prices fell slowly following months of ups and downs. As we enter the new year, used car prices are slowly falling. In January 2025, the average used car listing price sits at $25,571. New car incentives are pulling buyers away from the used car market as phenomenal year-end sales wrap up. ...

Are truck prices falling?

Since the onset of the pandemic, full-size vans have appreciated more than 60%, before falling off a cliff in 2023 and 2024. Truck prices are finally falling, however great new truck deals are keeping more buyers on new car lots. As the data above shows, retail car prices are slowly dropping. ...

Why are electric car prices falling?

(The company noted that December typically sees higher prices due to luxury vehicle sales.) Though prices are still close to what they were last year, they are falling. Industry watchers say a number of factors contribute to that — higher vehicle inventories, more incentives being offered at dealerships and a price war in the electric car market. ...