New and used car prices keep climbing. Don’t expect relief soon


When it comes to car shopping these days, sticker price may mean sticker shock.

New and used car prices continue to spurt higher amid strong demand and tight inventory. While a manufacturing slowdown has improved slightly, there won’t be a return to normal anytime soon for car buyers.

“The typical dealership experience that consumers are familiar with — walking dealer lots with rows and rows of cars, negotiating over price and getting many incentives — is not likely to return this year because there are 4.5 [million] to 5 million consumers on the sidelines waiting for cars,” said Tyson Jominy, head of data and analytics for J.D. Power.

More from Personal Finance:
Auto insurance expected…


0 0 votes
Article Rating

Hiring falters as payrolls rise only 199,000

Previous article

Smaller arenas, more tech, greener

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Autos