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Will Car Prices Drop in 2024? (Car Market Update) Kevin Hunter the Homework Guy
What’s going on with the Car Market and Car Prices right now? Alright, without delay let s cut through the fluff and get straight to what you need to know about the car market in 2024. Everyone is asking themselves this question: Is NOW a good time to buy a car? Will car prices go down in 2024? We’ll help you answer that question, for yourself, by covering new car prices, used car prices, including auction prices, and even some news on gasoline prices—yeah, because it seems the politicians are up to playing tired old games with our oil reserves. It’s not about politics, it’s about reality, friends. No sugar-coating, just the raw details and what they mean for you as a car shopper, because we want you to get the best car deal. Let s get rolling. New vehicle stats are at eye-opening levels right now: an average list price of $47,240 is being hit HARD with an inventory increase of 46% over last year. Dealers right now have cars sitting for an average of 72 days—that s a lot of cars collecting dust, and expensive interest payments are adding up on those floor plan loans. And guess what? This means dealers are hungrier to deal, so you should be pushing hard for discounts, especially if you’re looking for brands like Chrysler, Jeep, and Lincoln. As far as used car sales goes, The average list price right now is $25,540, down 4% from last year. But don’t let that fool you—prices are still way above what they were pre-pandemic. Inventory’s up, prices are trending down, thanks in part to dealers getting better buys at auctions. It s a buyer’s market out there friends, if you’re savvy, and exercise some courage. SUBSCRIBE ON YOUTUBE [ 🔗 Click ‼️ ] #Car #dealership #cars #usedcars #carsforsale #TheHomeworkGuy THE BEST CAR BUYING ADVICE YOU CAN FIND is published by The Homework Guy Team (THG)! We’re the team of Auto Experts, Finance Gurus, and Car Pricing Strategists that well over 45 Million Car Buyers have co . :::: Visit my YouTube channel @ Kevin Hunter The Homework Guy ( [ 🔗 Click ‼️ ]] )
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