Pandemic-Era Prices Affect Trade-Ins
New buyers, especially those with EV trade-ins, are feeling the brunt of depreciation as market normalizes.
New buyers, especially those with EV trade-ins, are feeling the brunt of depreciation as market normalizes.
Fourth-quarter numbers show the consequences of pandemic-era practices.
Edmunds recognizes stores participating in its program that got the best ratings.
EV maker adjusts models’ range estimates after DOJ probe, Reuters exposė.
Data show terms improving from the consumer standpoint, though some metrics hit record highs.
Opposing market forces should achieve a balance; the question is whether a postpandemic norm has been established, Edmunds says.
But report says that models are still selling for much more than before Covid, and at older ages.
Edmunds data show how new-model prices ballooned and by how much.
80 dealers recognized based on sales reviews from shoppers on Edmunds, 11 earning Edmunds Five Star Premier designation.
The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.
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