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End-of-year deals, along with replacement of vehicles lost to hurricanes and anticipation of higher prices in 2025, may be prodding buyers.
“SUV” used to be synonymous with “gas guzzling.” But new EPA data shows that small SUVs as a category are now more efficient and less polluting than sedans.
Several carmakers reported soft sales in the third quarter, and average loan rates for new cars exceeded 7%.
The vehicle industry is surprisingly resilient this year. Many people have been waiting for lower costs but can’t hold out any longer.
Many companies have focused on building more expensive SUVs and fewer affordable compact cars. That’s causing a mismatch with current demand.
For a long time, the only way for dealers to buy at wholesale used car auctions was to go in person. Now, many of those auctions take place online.
The tumult in car prices moderated in 2023. Expect more of the same next year.
Price dips and and an expansion of models to choose from contributed to the boost in third-quarter purchases.
New light vehicle sales, including cars, SUVs and pickups, were up about 20% in June from this time a year ago.
Every car has one, but what you actually pay may differ from this amount.