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Being in the market for a new car right now is challenging, to say the least.
Heading into the long Labor Day weekend, transaction prices remain elevated. While the three-day stretch normally marks when dealerships hold big sales events to clear their lots and make room for next year’s models, low inventory and strong consumer demand mean fewer incentives are needed to sell cars.
“It’s a tough environment,” said Kelsey Mays, assistant managing editor for Cars.com. “I don’t think it’s a surprise to shoppers, but that doesn’t make the situation any easier.”
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