Article by:
Alex Kwanten
What will be more normal? Supply chain woes will ease a bit, and rising vehicle supply will mean less pressure on the prices of older used cars. New-vehicle markups and used-vehicle wholesale prices have both eased since their peaks this past spring. Falling prices are only just reaching the retail level, but inflation-stretched used car shoppers may find some relief in 2023.
On the other hand, rising interest rates mean auto loans and leases are costlier, which may soon mean that buying a new car (where interest rates are lower) would be more cost-effective than a 2- to 3-year-old one. That, and the possibility of a recession in the first half of the upcoming year, is driving down demand, hence slackening prices. Read the full article here...
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