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The economy's cooling yet positive growth, along with moderating inflation, has created an energetic environment for stocks, pushing the S&P 500 and Nasdaq to record highs this week.
Used vehicle prices are becoming more affordable than they have been in the past three years, providing more opportunities for shoppers.
Price Decline – Used retail prices have fallen 7% compared to 2023.
Historical Context – Current prices are now below levels at this time in 2021 (a year marked by a significant spike in used vehicle values due to low new production).
Consumer Sentiment — More affordable prices will hopefully enhance consumer confidence and satisfaction.