Within recent sales figures lies an exciting trend. New car prices have steadily risen, but analysts think that could change.
Americans are buying more cars early in 2023 than they did early in 2022. But the pace is already slowing.
New car prices have been rising for most of two years. Used car prices showed a similar rise through the early days of the COVID-19 pandemic, then stabilized and began to fall last autumn. But analysts think that pattern could reverse, with new car prices falling and used car prices rising if current trends hold.
In an average pre-pandemic year, Americans bought as many as 17 million new cars. Last year, we bought just 13.7 million. Price pattern could flip But within the sales figures lies an exciting trend. New car prices have steadily risen, but analysts think that could change.
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