Used Car Prices 2024. Explore used car pricing trends. 1 rising interest rates put pressure on buyers and seller alike.
With an average new car loan rate sitting at 9.96% apr as of january, and used car rates even higher at 14.25%, it’s clear that financing costs remain a significant. According to recent data from cox automotive, the average transaction price for new cars is $48,759, a marginal increase from the previous month’s $48,247.
Data firm cox automotive predicts that wholesale prices on its manheim used vehicle value index, which measures prices of used vehicles sold at its u.s.
New car prices have been falling for most of 2023, with the average new car selling for $47,936 in october, kelley blue book reported.
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In 2023 and 2024, it’s the reduced supply of used cars that ensures prices will remain elevated.
Used Car Prices 2024. Explore used car pricing trends. 1 rising interest rates put pressure on buyers and seller alike. With an average new car loan rate sitting at 9.96% apr as of january, and used car rates even higher at 14.25%, it’s clear that financing costs remain a significant. According to recent data from…
