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Originally Posted by GrantDawg
It is a general trend. I meant to post that here when I saw it, but not only are used cars prices dropping for the first time since the pandemic, but new car dealers are starting to offer incentives they haven't offered since the pandemic. New vehicle inventories are finally rising, and this expert in the industry said that by this fall there are going to be big savings in new car purchases.
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I've been checking TrueCar for base Corolla prices to get a sense on pricing & deals. During Covid it was thousands above MSRP and this year, it's been around MSRP or just a little below.
There's something to the rumors of rising inventories in 2H.
Quote:
Corolla LE MSRP = $22,995
TrueCar Market Average = $22,035 (or 4.2% discount)
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That's not great, great but decent.