Used vehicle prices are falling but not enough to offset grossly inflated levels

Posted by & filed under Part 1 Business in a Global Environment, Part 4: Marketing Management.

Description: DETROIT — Used vehicle prices are expected to come down further this year amid rising interest rates and improved availability of new cars and trucks, according to Cox Automotive.

Source: CNBC.com – video report

Date: Jan 09, 2023

Link: https://www.cnbc.com/2023/01/09/used-vehicle-prices-are-falling-but-not-enough-to-offset-record-highs.html

Questions for discussion:

  • Explain the movement in prices in terms of changes to supply and demand.
  • How do you think consumers will respond to future conditions in 2023?

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