Wholesale Used-Vehicle Prices See Large Decline in June (www.coxautoinc.com)

submitted 1 year ago by docmox@lemmy.world to c/cars@lemmy.world

0 comments fedilink hide all child comments

Wholesale prices are down almost 10% YoY. New car production is up and new car inventory is returning to normal. Prices have started to drop with the reintroduction of incentives.

All this points to supply returning and demand falling away with increased interest rates, high inflation, and the imminent return of student loan payments. Accordingly, prices should continue to fall. Hopefully we see a significant reduction in pricing and a return to reasonable affordability of vehicles.

no comments (yet)

sorted by: hot top controversial new old

there doesn't seem to be anything here

this post was submitted on 10 Jul 2023

0 points (NaN% liked)

Cars - For Car Enthusiasts

3856 readers

36 users here now

About Community

c/Cars is the largest automotive enthusiast community on Lemmy and the fediverse. We're your central hub for vehicle-related discussion, industry news, reviews, projects, DIY guides, advice, stories, and more.

Rules

Stay respectful to the community, hold civil discussions, even when others hold opinions that may differ from yours.

This is not an NSFW community, and any such content will not be tolerated.

Policy, not politics! Policy discussions revolve around the concept; political discussions revolve around the individual, party, association, etc. We only allow POLICY discussions and political discussions should go to c/politics.

Must be related to cars, anything that does not have connection to cars will be considered spam/irrelevant and is subject to removal.

founded 1 year ago

MODERATORS

BallShapedMan@lemmy.world

RightHandOfIkaros@lemmy.world