Posted 1/22/2024, 5:04:36 PM
New Car Sales Rebound in December While Used Car Market Cools
- New car sales up 13.2% in December 2023 compared to December 2022, reaching almost 1.4 million units sold
- New car prices dropped in December 2023 but remain 23% higher than pre-pandemic levels in 2020
- Used car sales down 4% as of October 2023 compared to 2022
- New cars often have higher insurance rates than used cars ($141/month vs $123/month on average)
- Shop for car insurance quotes to find the best rate for your new or used car