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The Latest Breaking News from Charlie Chesbrough

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers

An “affordability shift” is taking root in the U.S. auto industry

The Independent UK

Tesla Sales Slump Won't Stop Record U.S. EV Sales In Q3

Tesla Model 3 and Model Y sales are sinking. Despite that, nearly 340,000 EVs are expected to be sold in Q3.

InsideEVs

The New Car Market Is 'Stuck' Because Buyers Can't Afford Them

Electrified vehicles had a pretty strong sales month in August, but the whole car market is slowing "unless consumers get some relief."

InsideEVs

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Penny-pinching buyers are driving down sales of the Big Three's most profitable segment

Buyers are flocking to more affordable cars amid high prices and interest rates.

The Street

3 Auto Stocks to Buy to Defend Your Portfolio

With robust demand for new vehicles, a growing transition to EVs globally, and the integration of advanced technology, the auto industry is well-poised for significant growth and expansion. Given the industry tailwinds, it could be wise to invest in fundamentally sound auto stocks Genuine Parts (GPC), Nissan (NSANY), and Miller…

StockNews.com

New car prices are cooling, but experts say you still might want to wait to buy

The average transaction price for a new car in July was $48,334, a slight dip from June and only a 0.4% year-over-year increase, according to Kelley Blue Book.

WEKU

Here's Why It's One of the Worst Times Ever to Buy a Car

Vehicle have been transaction prices have been climbing higher and faster since 2020 than any other point in more than 35 years, according to government data.

The Street

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Mixed auto sales in US paint murky picture of car consumers

New York (AFP) - Automakers reported mixed first-quarter US car sales Monday as some sedan models saw gains in a sign that vehicle affordability may be shifting consumer behavior.

AFP

Used-car prices, after finally easing, are back up again

Well, it was nice while it lasted

The Independent UK

Auto sales could hit below pandemic 2020 levels amid low inventory challenges

Low inventory levels led Cox Automotive analysts to again revise their full-year U.S. 2022 new-vehicle sales forecast downward.

People

Mangeet Kaur BounsMangeet

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