Caveat Emptor: Flooded Cars Entering the Used Car Market
Both new and used car prices are beginning to dip gradually in 2023 as fears of a recession and rising interest rates are causing many Americans to stay frugal. Given how low interest rates have, among other reasons, helped with car buying decisions, it will be a while before prices begin to “normalize.” As it stands, prices for used cars are predicted to decline by 20 percent this year. While this does sound good for those looking to buy a car for cheap, it also … Read more