America’s car market operates in a giant cycle. No one planned it. But an interruption in one part of the cycle affects all the other parts. Waves that rock the new-car market ripple through the used-car market years later.
Americans have spent most of the past two years dealing with record-high new-car prices. The average price paid for a new car recently fell below sticker price for the first time in nearly two years. Even that good news can be misleading because sticker prices themselves are near all-time highs.
Why?...
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May 08, 2023 at 04:02PM
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'A used-car factory shutdown': How the used-car market could get worse for buyers and what could reverse that pattern - MarketWatch
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