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Stories Tagged as

Car sales

New car sales have slowed amid higher prices and interest rates

by Mitchell Hartman
Mar 6, 2023
There are plenty of cars on lots, unlike a year ago. It's buyers who are in short supply.
Supply is higher than it has been, but new car prices are averaging around $50,000 and interest rates remain elevated. That means many buyers are staying away.
Justin Sullivan/Getty Images
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Automakers have a lot more chips now, but buyers may be in short supply

by Savannah Peters
Jan 3, 2023
Dealers are figuring out how to balance the supply of vehicles with softer consumer demand.
Rising prices and interest rates have pushed buyers into the used vehicle market or out of the automotive market entirely.
Mario Tama/Getty Images
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The minivan is kind of making a comeback this summer

by Kai Ryssdal and Sean McHenry
Jun 22, 2022
As travel picks up, the minivan is seeing a surge in popularity — and not just with families.
Looking to buy a minivan? Buckle up because prices have increased dramatically.
Saul Loeb/AFP via Getty Images
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Car dealerships short on cars, going big on prices

by Benjamin Gottlieb
Dec 17, 2021
A dealer in the Los Angeles area describes bidding wars for the few vehicles that are on the lot.
Theo Ebert, right, and Lee Dibble stand on the empty new car lot at Vista Ford Lincoln in Woodland Hills.
Benjamin Gottlieb
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Shopping for a new car is hard — and may stay that way

by Savannah Peters
Dec 14, 2021
The global chip shortage. Supply chain headaches. Empty dealer lots and sky-high prices. New car shopping isn't for the faint of heart.
An aerial view of a Ford dealership in Richmond, California, shows a nearly empty sales lot.
Justin Sullivan via Getty Images
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After a wild year, the used-car market may be returning to normal

by Samantha Fields
Jul 20, 2021
Inventory is rising as people sell extra vehicles to take advantage of high prices and dealerships make enticing trade-in offers, experts say.
The number of available used cars for sale is creeping back up after low inventory. Prices for the vehicles may peak this month.
Jim Watson/AFP via Getty Images
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A used car can now cost you more than a new one

by Amanda Peacher
Jul 12, 2021
While many new-car assembly lines are backed up, older cars are available, and they're fetching premium prices.
Availability is part of the equation that has boosted the prices of some used-car models.
Justin Sullivan via Getty Images
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Don't want to pay sticker price for a new car? Good luck with that.

by Matt Levin
Jun 29, 2021
Low auto inventories are giving car dealers a lot more leverage.
Justin Sullivan via Getty Images
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COVID-19

This year has been a "roller-coaster ride" for automakers

by Jack Stewart
Jul 29, 2020
The coronavirus pandemic forced Ford, GM and Fiat Chrysler to close factories and halt production. They're expected to report large losses.
Analysts say this could be one of the most difficult quarters for carmakers in modern history. Pictured: Cars for sale at a Ford dealership in the Queens borough of New York City.
Spencer Platt/Getty Images
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COVID-19

Car shoppers are waiting, but still want to buy in 2020

by Jack Stewart
Apr 24, 2020
Researchers are trying to figure out what impact COVID-19 will have on auto purchases.
A Tesla dealership in New York. The electric vehicle maker will report quarterly results next week.
Spencer Platt/Getty Images
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