Apr 16, 2024 · From these lists, we determined segment median prices as well as median prices by trim, recorded as of January 2024: Subcompact Car: $20,950; Compact Car: $26,363; Subcompact SUV: $29,470;...

Mar 14, 2025 · Find out what our economists say about car prices dropping. We share the best and most updated information so you can make an informed car-buying decision.

Winner: 2024 Chevrolet Trax. Starting price range (all prices include destination charge): $21,495-$24,995; Estimated combined fuel economy: 30 mpg

Aug 24, 2024 · In March 2024, the average transaction price for a new vehicle was $47,218 — a 5.4% decline from the peak in December 2022 and a 1% drop from March 2023, according to Cox Automotive. Intriguingly, some new car models are seeing …

Feb 26, 2025 · A Used Car Inventory Crunch Means High Prices Won't Budge for Shoppers in 2025 Data from Edmunds shows that years of disrupted new-car sales are catching up to the used market, limiting inventory ...

Feb 28, 2024 · The average price paid for a new car in 2024 is $48,000, which is 48% higher than one decade ago. Resale values are closely tied to used car prices for obvious reasons. Volatility in resale prices has been on the rise, with some segments (such as EVs and luxury crossovers) depreciating much more rapidly than just a few years ago.

Feb 21, 2024 · “Last month, the average price for a new vehicle was [$47,936] — a [1.4%] dip from last year, according to the latest KBB data. This suggests that new car prices might drop in 2024.”

Mar 18, 2024 · Here are seven models that have actually gotten cheaper in 2024. 8 More Price Drops to Come? It’s Likely. Price Drop: -$4,525. The Details: For the 2024 model year, Jeep has significantly reduced prices across most of the Grand Cherokee lineup.

For the first month of 2024, vehicle prices continued to moderate. From December 2023 to January 2024, the CPI for new cars fell by 0.04%. The CPI for used vehicles fell more dramatically, 3.4%. During this one month, the overall CPI increased 0.3%.

Dec 26, 2023 · Cox Automotive Chief Economist Jonathan Smoke says 2024 will be the best year for consumers to buy a new car since before the pandemic, as new vehicle supply increases, transaction prices come...