Inflation And The Auto Industry: When Will Car Prices Drop?


Car prices have accelerated in recent months, as with many other consumer goods. According to figures from data analytics firm J.D. Power, the average price paid for a new vehicle in the U.S. was up 4.2% year-over-year in January 2023. Combined with soaring gasoline prices and interest rates, this is making car ownership more onerous and putting the brakes on auto sales.

In this report, J.P. Morgan Research examines why car prices are rising, how inflation is impacting car sales trends, and when car prices are expected to drop. Read the full article here...

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