Car Market Crash Of 2024

Car Market Crash Of 2024. Car prices rose dramatically in 2022 as a result of global supply chain issues, with a persistent chip shortage holding up production in the auto industry. Why are used car prices so high?

Cox automotive economists predict that 2024 will be good for car shoppers, with abundant choices and a return to discounts. Is there relief in sight for buyers facing high interest rates and slim supply?