It's been nearly three years since auto plants around the world started to shut down because of the pandemic — but vehicle production has never really returned to normal.
Brand-new Nissan vehicles sit on a sales lot in Richmond, Calif., on July 9, 2021. Car prices surged during the pandemic, and despite coming down from their peak, they still remain higher than a few years ago.
At an auto show this year, Noah and India Grabisch of Laurel, Md., were looking at new SUVs, which they liked. But an $86,000 price tag for a Chevrolet Suburban?The used-car market doesn’t provide much relief either. Retail used-vehicle prices now average $26,510. Consider what happened at Nissan, which continued to struggle with supply chain challenges throughout 2022. In response, it cut production of one of its cheapest cars, the Nissan Versa, by 78%. Nissan also reduced sales of two other cheap models, the Sentra and the Kicks.
Sales of new cars over $60,000, meanwhile, skyrocketed. Those vehicles, costing more than the annual income of the average American, went from 8% of the auto market to 25% of sales. But the new-car woes also had a delayed effect on the used-car market — because new cars, obviously, become used cars after some time.nice two-year-old cars, which means even in the used market, the high end of the market is booming.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why car prices are still so high — and why they are unlikely to fall anytime soonThe average new vehicle costs nearly $49,000, an almost $10,000 increase from before the pandemic. This is a look at today's deeply weird auto market:
Consulte Mais informação »
Deux rappels touchent plus de 300 000 Hyundai au Canada | Actualités automobile | Auto123Plus de 300 000 véhicules Hyundai sont rappelés au Canada dans le cadre de deux campagnes importantes. Auto123 a les infos.
Consulte Mais informação »
The Truth About Long COVID Is Finally Emerging. It’s Not What We Thought.Long COVID was predicted to bring “an ocean of patients with titanic needs.” That’s not what’s happened.
Consulte Mais informação »
This Avalanche backed project is creating a fully encrypted exchangeEnclave Markets CEO on why OTC traders benefit from maintaining confidentiality via Enclave's encrypted exchange.
Consulte Mais informação »
Weathering Austin’s Next “Unprecedented” Winter StormWhy we can’t just bury the power lines or trim back all the trees.
Consulte Mais informação »
Why The Careers Didn't Burn Down Katniss' Tree In The Hunger GamesThe Careers had the perfect opportunity to get rid of Katniss in The Hunger Games. It makes no sense they did not burn down the tree Katniss was in.
Consulte Mais informação »