Tag: vehicle inventory

Used-Car Prices Are Back Up Again This Month, After Easing for Nearly a Year

March 30, 2023
Business & MarketsCompaniesCox AutomotiveeconomyinflationMarketsUSUS Newsused car pricesvehicle inventoryvehicle production
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Used-car prices in the United States have gone back up again in March, after easing for months. The average used-vehicle price was gradually leaning toward affordable again for millions of Americans for almost a year. Although the relief was relatively slight, many car buyers benefited from the price decline. The average used-car purchase had dropped from…

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Estimated Monthly Car Payments Hit All-Time High of $712 Amid Rising Interest Rates, Low Inventory

June 16, 2022
Business & MarketseconomyinflationInflation PressureMarketsnew car pricespersonal financepre-owned carsUSvehicle inventory
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The monthly payments made by people who have purchased a new vehicle hit a record high in May, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Though a 0.3 percent growth in median income supported vehicle affordability, all other factors moved against affordable pricing in May, a June 15 report detailing the index stated….

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