Individual vehicle prices aren't going down, but the average car price is overall.
Combined with incentives improving, average transaction prices could fall 7% by 2025.
Car prices could fall by about 7% by 2025, providing some much-needed relief for car shoppers after years of jacked-up prices, according to consultancy AlixPartners.
There might also be more options than simply luxury or higher-end vehicles, resulting in a blanket drop in average auto-buying prices.
Car companies learned they could sell more expensive vehicles and vehicles at higher prices overall, especially during the vehicle supply-and-demand scare brought on by the pandemic.
Persons:
Mark Wakefield, they've, aren't, AlixPartners, carmakers
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