Cox Automative News Today

For the past couple years, buying a new or used car has been a nightmare for most people. Inventory shortages, supply chain issues, and low trade-in values meant inflated prices and limited options for buyers. But research firm Cox Automotive reported earlier this month that new car prices and auto loan rates are projected to fall in 2024.

A potential UAW strike would be worse on consumers the longer it lasts, experts say. But its duration is "the real unknown."

New electric vehicle (EV) prices are down nearly 20% from a year ago, according to a new U.S. report from Kelley Blue Book (KBB), a Cox Automative