Anyone who bought a new car, truck or SUV last month likely paid a little more than they would have in May. Multiple factors are working in concert to keep prices higher than consumers would like. Get the story at Headlight.News.
New vehicle affordability
Interest Rate Drop Makes New Cars More Affordable
If you’ve been in the market for a new vehicle anytime in the past few years, the record-high prices have been enough to make you get back in your old car and go home and wait, hoping for a price drop. Well, prices have been falling for several months, including last month courtesy of the recent drop in interest rates. Find out more at Headlight.News.
Average Prices are Down, But Is It Easier to Buy a New Car Now?
The average price of a new vehicle fell at the end of 2023, but now that we’re into 2024 does it mean it’s easier to buy a new car? Not exactly. Get details at Headlight.News.
New Vehicles Get Slightly More Affordable in Third Quarter
Consumers have been concerned about the affordability of vehicles for some time now. Rising prices for new vehicles combined with a constant stream of interest rate hikes have made buying a new vehicle a more expensive proposition until recently. Find out what’s changed at Headlight.News.
New Cars More Affordable in September
A combination of factors, including strong income growth and lower prices, made new vehicles more affordable in September than they were in August as well as the year-ago period. Get the details at Headlight.News.