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A recent study by Edmunds revealed that in Q3 of 2024, the average new car cost $47,542—$20,365 more than the average used car.

Study found new car prices surged to record highs, leaving used...

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As the price gap between new and used vehicles reaches an unprecedented level, many consumers are feeling the tension of escalating costs in the...
According to Edmunds, incentives are re-emerging in the auto market, but high interest rates are diminishing their appeal to car shoppers.

High interest rates undermine new auto incentives for car shoppers

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Incentives are re-emerging in the auto market, but high interest rates are diminishing their appeal to car shoppers. According to Edmunds, the average annual...
Auto News: GM's top brass highlights UAW contract challenges. Biden's EV vision gets a $12B boost, while Tesla changes pricing.

Weekly roundup: GM raises UAW concerns, Biden pledges $12B for EV...

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Earlier this week: General Motors' manufacturing lead, Gerald Johnson, voiced his concerns regarding contract discussions with the United Auto Workers (UAW) in a video...
Jessica Caldwell CBT Now

Latest trends in auto retail: what Q1 tells us about 2023...

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Automotive retailers are reporting solid results from the first quarter, but will the favorable conditions carry over into the summer? On this edition of...

The departure of the $20,000 new vehicle in America

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New data from Edmunds sheds more light on how the growing affordability crisis could impact both consumers and the car market. According to the research...
industry updates, Jessica Caldwell

Edmunds’ Jessica Caldwell shares industry updates during these uncertain times

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After the pandemic's peak, various contributing factors have transformed the automotive industry during the past few years. Jessica Caldwell, Edmunds' Executive Director of Industry...
Edmunds Ronald Montoya CES 2023 vehicle tech

Some of the best vehicle tech reveals at CES 2023

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CES, also known as the Consumer Electronics Show, kicked off last Thursday with a spotlight on automotive innovation. Today on CBT Now, we discuss...

New car buyers face record-high monthly auto loan payments

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Monthly auto loan payments have hit an all time high, according to data published by Edmunds. The report sourced data from the last quarter of...
2023

New Edmunds report forecasts modestly improved new vehicle market in 2023

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Market researchers at Edmunds believe that 2023 will bring a small but noticeable increase in new vehicle sales thanks to slight economic recoveries seen...
Detroit Auto Show

Special Edition: EVs take center stage at the Detroit Auto Show...

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Electric vehicles have taken center stage at this year's Detroit Auto Show. President Joe Biden even gave a speech at the event. He highlighted manufacturers' transitions...