Car Market Crash 2024

Car Market Crash 2024. Experts say the auto market could shift in consumers' favor in 2024, as high inventories exert downward pressure on prices and lead to more incentives. Over the course of the year, used car prices have remained volatile, but have overall trended lower.

Prices for all kinds of vehicles spiked coming out of the initial year of covid lockdowns — driven by high demand from consumers with extra money to spend and low. For new car buyers, the time is ripe to leverage high inventory levels and low apr.