Are you thinking about buying a new car? I know, tough to do in this economy. But, experts say that new car prices are starting to plummet, due to oversupply.
"The supply chain shortages really taught the automakers a lesson" said the 'Car Pro' Jerry Reynolds, "By the end of the year, I think we'll see most dealer lots full, some are full now."
Automakers are preparing for a price war, although luxury car sales are expected to remain high.
In addition to lower prices, we are also going to see the return of the 'lease'.
"Leasing has been pretty much non-existent since before Covid" Reynolds told KTRH, "And I'm now finally seeing some lease specials coming from some of the automakers."
He says the best deals will be available in November and December.
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