Discounts Boosting Car Sales in 2024

Reported 3 days ago

Car shopping in 2024 has improved significantly as dealerships offer average discounts of $3,400, helping boost U.S. vehicle sales by about 7% in December. Supply chain recovery has led to increased inventory, allowing dealers to promote low interest rates and cash-back offers, especially on electric vehicles. However, challenges remain, including high interest rates and a lack of affordable cars, leaving many potential buyers priced out of the market.

Source: YAHOO

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