A year after a tight market, new and used vehicle sales have turned a corner in Southeast Minnesota

The vehicle market is stabilizing, leading to more choices and lower prices for buyers, as dealer inventories increase and new car price inflation disappears.

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8/22/2023

The Used Car Market Won't Be Normal Again For Years - The Autopian

The used car market is experiencing disruptions and a shortage of supply, leading to higher prices and a decrease in availability, with long-term issues expected to persist for at least the next two years.

8/22/2023

Car buyers feeling the pinch of higher prices, payments

American car buyers are facing increasing challenges in purchasing new vehicles due to inflation and rising interest rates, with the average monthly new car payment reaching around $750, creating potential financial strain for many buyers, especially those in subprime categories, and the resumption of student loan payments may further exacerbate the situation, impacting carmakers and potentially leading to price adjustments in the market.

8/27/2023

The Car Market Just Flipped — 10 Massive Price Drops

The auto market has seen a significant decline in average new vehicle prices, with a drop of $3,243 from January to July, marking the first notable decline in car prices in years.

8/27/2023

Experts are witnessing a strange new phenomenon in the demand for electric cars: ‘We call it the ‘Field of Dreams’ moment’

Huge price reductions and increased availability are driving growth in the electric vehicle market, which saw record sales in 2023, as major manufacturers like Tesla, Ford, and General Motors lower their prices and pass on cost savings from raw materials to consumers.

9/3/2023

Carvana, CarMax should be in the driver's seat as used car shortages persist (NYSE:CVNA)

Used car sales and prices have surged during the pandemic due to supply chain disruptions, leading to a shortage of new and used cars, causing prices to remain elevated and creating a favorable market for the automotive industry.

9/4/2023

The Car Market Just Flipped — But the Prices of These 9 Vehicles Remain High

Car buyers are finding some relief in the US market, as prices for new vehicles have dropped by up to 20% thanks to an increase in unwanted EVs, although certain vehicles remain expensive.

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Posted 8/26/2023, 11:01:06 AM

A year after a tight market, new and used vehicle sales have turned a corner in Southeast Minnesota

The vehicle market is stabilizing, leading to more choices and lower prices for buyers, as dealer inventories increase and new car price inflation disappears.

postbulletin.com

Relevant topic timeline:

8/22/2023

The Used Car Market Won't Be Normal Again For Years - The Autopian

8/22/2023

Car buyers feeling the pinch of higher prices, payments

8/27/2023

The Car Market Just Flipped — 10 Massive Price Drops

The auto market has seen a significant decline in average new vehicle prices, with a drop of $3,243 from January to July, marking the first notable decline in car prices in years.

8/27/2023

Experts are witnessing a strange new phenomenon in the demand for electric cars: ‘We call it the ‘Field of Dreams’ moment’

9/3/2023

Carvana, CarMax should be in the driver's seat as used car shortages persist (NYSE:CVNA)

9/4/2023

The Car Market Just Flipped — But the Prices of These 9 Vehicles Remain High

Car buyers are finding some relief in the US market, as prices for new vehicles have dropped by up to 20% thanks to an increase in unwanted EVs, although certain vehicles remain expensive.