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Will car prices come down in 2024? Here’s what industry experts predict

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If you’re planning to pick up a new or used vehicle in 2024, don’t expect it to cost much less than it would have last year.

During the COVID-19 pandemic, inventory became a big factor due to supply chain issues that impacted the availability of semiconductors and automotive computer chips, leading to higher prices on vehicles. And automotive experts don’t expect vehicle costs to return to pre-pandemic levels any time soon.

However, some experts say that 2023 was a pretty positive year when it comes to availability.

Kyle Benning talks to industry experts to get their outlook on the market in the year ahead.

For more info, please go to https://globalnews.ca/news/10204235/auto-market-2024-forecast/
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Category
U.S. & Canada
Tags
global news, vehicle market outlook 2024, used vehicle market
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