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Market-Wide Decline in New & Used Car Prices Due to the Economic Slowdown
ECONOMIC

Market-Wide Decline in New & Used Car Prices Due to the Economic Slowdown

Prices are definitely coming down on both new and used cars. This is likely due to the economic slowdown, increased interest rates, increased supply, and stimulus money being spent impulsively. As someone who works in the automotive industry, new prices are still rising MSRP over MSRP as supply costs keep

  • Jamie Lawson
Jamie Lawson Nov 7, 2022 • 3 min read
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