Used Car Market Outlook 2024. In october 2023, the average new car price sat at $47,936. The automotive industry will face another subdued year in 2024, weighed down by slow consumer spending, high interest rates and disruption to supply.
Why analysts say car prices will decrease. International energy agency in its global ev outlook claimed that strong electric car sales in the first quarter of 2024 have surpassed the annual global total ev sales from just four.
The Average List Price Of New Cars On Cars.com Was $49,096 In January 2024, Down From An August 2023 High Of $50,253.
The number of $10m+ cars offered at auction will continue to rise.
The Global Used Car Market Is Experiencing Significant Growth, Especially In Apac.
Used vehicles can still save you money on your next purchase, but how you find them and close a deal.
So Far In 2024, Weโve Seen 10 Consecutive Weeks Of Dropping Prices, And 7 Weeks Of Rising Prices.
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Electric Car Sales Neared 14 Million In 2023, 95% Of Which Were In China, Europe And The United States.
Cox automotive economists predict that 2024 will be good for car shoppers, with abundant choices and a return to discounts.
In Response, Preowned Retailers Have Had To Be More Disciplined In Their Inventory Management.
The average list price of new cars on cars.com was $49,096 in january 2024, down from an august 2023 high of $50,253.