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According to Kelley Blue Book, the average cost of a used car in October 2023 was $26,533, while a new car could be bought for the average price of $48,334. Even with those seemingly high rates ...
New car prices have been falling for most of 2023, with the average new car selling for $47,936 in October, Kelley Blue Book reported. Overall, new car prices are down 1.4% since October 2022 and ...
The yearly depreciation of a car is the amount its value decreases every year. Normally a car's value is correlated with the price it has on the market, but on average a car has a depreciation around 15–20% per year. Depending on market conditions, cars may depreciate 10–30% the first year.
“The average price of $48,000 for new cars reflects the fact that many consumers are willing to invest in larger, more feature-rich vehicles. SUVs and trucks often come with higher price tags ...
In January, the average new car sold for $49,500, just $7 below December’s record-setting average price. For some historical perspective , note that in July 2021, the average new vehicle cost ...
Used car prices tumbled 7.0% in 2023, the second year in a row of falling prices in the sector after a massive pandemic-era run-up. ... Despite drops in prices, Manheim said the average daily ...
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