While there's still a good chance of at least one rate cut in 2024, the outlook is unclear. Industry experts predict that new car prices in 2024 will likely remain elevated.
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In The Past Year, Lower Prices And Strong Incentives Have Helped Some Car.
Will car prices drop in 2024?
When Will New Vehicles See A Price Drop?
While there’s still a good chance of at least one rate cut in 2024, the outlook is unclear.
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The Good News Is That, In General, Prices Have Been On The Decline Since Late 2022.
According to the most recent data from cox automotive, the average transaction price for new cars is $47,433.
Will This Downward Trend Continue Into 2024 ?.
Or will prices soar as labor costs and evs hurt affordability?