Car shoppers have faced sky-high prices for more than a year in part due to high demand and tight inventory. But 2023 may finally bring some relief.
As demand stabilizes and inventory improves, prices are expected to ease slightly. Prices could drop up to 5% for new vehicles and between 10% to 20% for used ones, according to a November report from the bank J.P. Morgan.
Consumer research firm J.D. Power projects new-car prices will fall somewhere between 2% and 10% next…
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