If you are in the market for a new car, you may know that a variety of factors may affect affordability and supply. Some observers think a select few cars will probably go down in price.
New car prices are up a comparatively modest 3 percent over last year, according to Cox Automotive. Automakers built up inventory to prepare for the recent UAW strike. In October, the inventory was about 57 days' supply, the highest level since early spring 2021.
Some new cars have been available at good discounts. Among them, according to RealCarTips:
2023 Ram 1500 Tradesman
Average MSRP: $42,650.
Average discount: $6,599.
% off MSRP: 15.5%.
2023 Kia EV6 Light Electric
Average MSRP: $43,925.
Average discount: $6,146.
% off MSRP: 14%.
2024 Ram 1500 Laramie
Average MSRP: $58,980.
Average discount: $7,304.
% off MSRP: 12.4%.
2023 Dodge Durango SXT
Average MSRP: $41,735.
Average discount: $5,191.
% off MSRP: 12.4%.
