After reaching record highs in 2022, new car prices have now begun to plateau as supply chain shortages ease and borrowing rates increase. According to Kelley Blue Book, the average new car cost $48,451 in 2023, virtually identical to the average price 12 months prior. Prices for luxury cars have seen decreases in recent months, with the average sale price dropping 3.3% compared to August 2022. So, for anyone holding out to buy a new luxury vehicle, now might
…
Read more