GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
Unfortunately,pricesare still hovering around multi-year highs.
There are a couple of reasons for this.
This decreased demand usually means more incentives are offered by manufacturer and dealerships.
However, as the weather starts to get warm, car buyer habits start to change.
This increased demand means fewer deals are being offered.
The new car market in the summer can also impact the used car market.
Whennew car buyerswait to purchase until fall, few cars are traded in during the summer.
This leads to less supply and higher prices.
After the tax-season rush, people who received refunds may be more likely to purchase vehicles, boosting demand.
This can drive up prices, especially in the months of March through May.
More From GOBankingRates
Share This Article:
