Will 2024 Car Prices Drop. In 2023, car prices were expected to decline by about 2.5% to 5% for new cars and approximately 10% for used cars. Car prices rose dramatically in 2022 as a result of global supply chain issues, with a persistent chip shortage holding up production in the auto industry.

The nissan ariya exploded to 5203 sales in q2, a 123 percent jump and part of an 80 percent increase on the year. Ev prices are falling fast, but traditional jeep and mazda models are.