Since the start of the pandemic and the resulting disruptions to new car supply chains first sent prices soaring, used car prices posted their largest annual increase on record – up 45% in the 12 months ending in June 2021, according to the Consumer Price Index – before swinging to a 12-month drop of 8.8% in the most recent reading for December.
“At one point it seemed that everyone who was going to buy new ended up buying used,” said Greg Markus, executive vice president of AutoLenders, parent company of New Jersey’s largest used car dealership chain. That included rental car companies, which before the pandemic normally bought about 10% or more new cars per year.
Steep plunge for who? The prices are still ridiculously high from what I've seen.
If like ne it's too expensive to. Buy new or used. So keep driving my old 2003 Ram. Not going to get sucked into a $800 to $1000 car payment. Which is what you are looking at unless you stretch the terms which is dumb
The demand isn’t there
You mean the return to former prices?
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Shane Co. will pay you $1,500 to go on 15 first dates | CNN BusinessTired of going on awkward first dates? Maybe some cash will incentivize you. $1,500 is not worth the risk of exposure to disease Pay me what? How soon? They want me to find the 15 guys in 5 months? Hahahahaha... Like I don't try to find guys worth going out with. They'd have to pay me more than that to pick any random 15 guys.. that's a lot of time and effort, and to put up with.
Källa: CNN - 🏆 4. / 95 Läs mer »
Gen Z has a new 'vintage' technology to obsess over | CNN BusinessFirst, it was disposable cameras. Then it was low-rise jeans. Now, Gen-Z's latest 'vintage' obsession is the flip phone -- that mid-1990s era phone that has suddenly become oh so popular with millennials. I would love to read this article but as with every CNN article, AD COVERED CONTENT People should go back to writing letters
Källa: CNN - 🏆 4. / 95 Läs mer »
Forget inflation, it's all about earnings | CNN BusinessTo everything there is a season and now is the time for earnings. not with a weaker currency in other coutries
Källa: CNN - 🏆 4. / 95 Läs mer »
What's open and closed on MLK Day 2023 | CNN BusinessMartin Luther King Jr. Day celebrates the birthday of civil rights leader the Rev. Martin Luther King Jr., who won the Nobel Peace Prize in 1964. He was assassinated four years later. I’m getting double time and half baby CNN outdoing themselves here. Closed: MAGA minds that miss the days of 'whites only' counters.
Källa: CNN - 🏆 4. / 95 Läs mer »
Twitter's laid-off workers cannot pursue claims via class-action lawsuit, judge says | CNN BusinessTwitter has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to pursue their claims via individual arbitration rather than a class-action lawsuit. You meant Twitter politicized disgruntled ex employees. Supreme Court Watch — Forced Arbitration — Denied Access ; Venue Impeach POTUS
Källa: CNN - 🏆 4. / 95 Läs mer »