Used car prices have dropped in recent months, and several particular types of used cars might become even more affordable in 2023.
After a whirlwind of three years that saw car prices jump due to supply chain issues, one sector may be leveling off in consumer demand: fun cars.
As the economy is uncertain, consumers gravitate toward practical cars, said Tony Gabriele, a partner at four western New York auto dealerships, including Marina Auto Group in Webster, New York, and Auto Outlets USA, which focuses on used vehicles in Victor, New York. Gabriele said that new car inventory is improving, relieving supply chain issues during the pandemic.
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